Effect of Working Capital Management on Profitability of Manufacturing Firms” (A Study of Nigeria Brewery):- Okechukwu Ruth O
ABSTRACT
The
study determined the effect ofworking capital management on the profitability
of brewery firms in Nigeria. This study adopted the ex-post-facto research
design and employed the Ordinary Least Square (OLS) regression technique in
analyzing the data. To ascertain the effect ofworking capital management
(account receivables and cash conversion cycle) on the profitability (return on
assets and current ratio) ofbreweryfirms in Nigeria, the study used the sample
ofNigerian Breweries Picforthe period of2000 to 2018. And thefindings suggest
that the management ofthe account receivables and cash conversion cycle are
significantfactors in the accomplishment ofthe profitability objective
ofbreweryfirms in Nigeria. It was recommended that breweryfirms should reduce
heavy investments in current assets to avoid high inventory costs, and excess
cash holdings and account receivables.
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OKECHUKWU, O (2024). Effect of Working Capital Management on Profitability of Manufacturing Firms” (A Study of Nigeria Brewery):- Okechukwu Ruth O. Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-profitability-of-manufacturing-firms-a-study-of-nigeria-brewery-okechukwu-ruth-o-7-2
OKECHUKWU, OKECHUKWU. "Effect of Working Capital Management on Profitability of Manufacturing Firms” (A Study of Nigeria Brewery):- Okechukwu Ruth O" Mouau.afribary.org. Mouau.afribary.org, 30 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-profitability-of-manufacturing-firms-a-study-of-nigeria-brewery-okechukwu-ruth-o-7-2. Accessed 24 Nov. 2024.
OKECHUKWU, OKECHUKWU. "Effect of Working Capital Management on Profitability of Manufacturing Firms” (A Study of Nigeria Brewery):- Okechukwu Ruth O". Mouau.afribary.org, Mouau.afribary.org, 30 Jul. 2024. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-profitability-of-manufacturing-firms-a-study-of-nigeria-brewery-okechukwu-ruth-o-7-2 >.
OKECHUKWU, OKECHUKWU. "Effect of Working Capital Management on Profitability of Manufacturing Firms” (A Study of Nigeria Brewery):- Okechukwu Ruth O" Mouau.afribary.org (2024). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-profitability-of-manufacturing-firms-a-study-of-nigeria-brewery-okechukwu-ruth-o-7-2