Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria
Samuel Adebayo Olaoye, Richard Adeleye Okunade
Journal of Economics, Management and Trade · pp. 63–69 · Published 2 Oct 2020
10.9734/jemt/2020/v26i730275Abstract
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 their financial performance.
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