Impact Of Working Capital Management On The Profitability Of Manufacturing Company In Nigeria (A Study Of Nigerian Bottling Company Plc, Aba, Abia State)
ABSTRACT
This study attempted an examination
of the impact of working capital management on the profitability of
manufacturing Companies in Nigeria with focus on Nigerian Bottling Company,
Plc, Aba, Abia State. The primary data employed in this research was obtained
through the administration of questionnaires. The secondary data used in this
study were obtained from textbooks, newspapers, magazines and journals. The
analysis of the data in the form of hypothesis testing was done by the use of
the percentage Chi-square statistical tools. The major findings were: That
there is need for proper management of working capital in the manufacturing
company. That efficient working capital management promotes rise in dividend
received by the shareholders, that effective working capital management
enhances profitability of a firm. On the basis of the findings, the following
recommendations were made: That management should consider working capital
management as function which should be handled competently and optimum
investment in working capital should be a target of the organization since
profitability is a function of efficient working capital management. That
professionalism and training of staff should be • encouraged. Staff should be
exposed to regular courses, seminar, workshops and symposia to update their
knowledge. Also employment of those with appropriate qualifications and skills
should be paramount. To computerize the work of the accounts department in
other to enhance speedy information to management.
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OKPARAIKE, O (2021). Impact Of Working Capital Management On The Profitability Of Manufacturing Company In Nigeria (A Study Of Nigerian Bottling Company Plc, Aba, Abia State). Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-in-nigeria-a-study-of-nigerian-bottling-company-plc-aba-abia-state-7-2
ONYEBUCHI, OKPARAIKE. "Impact Of Working Capital Management On The Profitability Of Manufacturing Company In Nigeria (A Study Of Nigerian Bottling Company Plc, Aba, Abia State)" Mouau.afribary.org. Mouau.afribary.org, 27 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-in-nigeria-a-study-of-nigerian-bottling-company-plc-aba-abia-state-7-2. Accessed 24 Nov. 2024.
ONYEBUCHI, OKPARAIKE. "Impact Of Working Capital Management On The Profitability Of Manufacturing Company In Nigeria (A Study Of Nigerian Bottling Company Plc, Aba, Abia State)". Mouau.afribary.org, Mouau.afribary.org, 27 Jul. 2021. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-in-nigeria-a-study-of-nigerian-bottling-company-plc-aba-abia-state-7-2 >.
ONYEBUCHI, OKPARAIKE. "Impact Of Working Capital Management On The Profitability Of Manufacturing Company In Nigeria (A Study Of Nigerian Bottling Company Plc, Aba, Abia State)" Mouau.afribary.org (2021). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-in-nigeria-a-study-of-nigerian-bottling-company-plc-aba-abia-state-7-2