Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria
Authors:
OLAOYE Samuel
Publication Type: Journal article
Journal: Journal Of Economics, Management And Trade
ISSN Number:
0
Downloads
22
Views
Abstract
This study observed the link amid working capital management and profitability of quoted
manufacturing firms in Nigeria. Using panel methodology, this study discovered a significant
influence of working capital management (ITID, CPP & ACP) on profitability of listed manufacturing
firms in Nigeria. Although, creditors payment period shows a significant impact on profitability while
inventory turnover days and account receivables period were insignificant. This study recommends
that well managed CPP over time would be a plus for manufacturing entities, to enhance the financial performance.