ABSTRACT
The project examine the relevance of working capital
management on the profitability of a ship management company. The broad
objective of this study is to x-ray the effective management of working capital
of ship management service companies. The data collected were primary and
secondary the administration of a well-structured questionnaire, on the other
hand, the secondary sources used for the purpose of this research include:
already written and conduced work of others on the topic, these were sourced
from various places such as information from prominent authorities in the field
concerned. The data generated for this study was analyzed with descriptive
statistics, ratio analysis and regression analysis. The hypothesis that
effective management of working capital does not significantly affect the
profitability of the company. Effective management of working capital had been
validated by the findings from this study. It has also been found that
management of working capital is of particular importance to small firms like
Karlander Nigeria Limited. While a small firm can reduce its investment in
fixed assets by renting, hiring or leasing plants and equipment, there is no way
it can investment in cash, receivables and inventories. It therefore follows
that greater emphasis should be placed on prudent management of working
capital. The recommendations apply both to Karlander Nigeria Limited, as the
case study in particular and also for general application in the shipping
services world. Based on the company goals and objectives, there must be a
company policy on the management of various components of working capital.
OKORIE, E (2021). Relevance Of Working Capital Management On The Profitability Of A Management Company (A Study Of Karlander Nigeria Limited). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/relevance-of-working-capital-management-on-the-profitability-of-a-management-company-a-study-of-karlander-nigeria-limited-7-2
EMMANUEL, OKORIE. "Relevance Of Working Capital Management On The Profitability Of A Management Company (A Study Of Karlander Nigeria Limited)" Mouau.afribary.org. Mouau.afribary.org, 20 Sep. 2021, https://repository.mouau.edu.ng/work/view/relevance-of-working-capital-management-on-the-profitability-of-a-management-company-a-study-of-karlander-nigeria-limited-7-2. Accessed 28 Nov. 2024.
EMMANUEL, OKORIE. "Relevance Of Working Capital Management On The Profitability Of A Management Company (A Study Of Karlander Nigeria Limited)". Mouau.afribary.org, Mouau.afribary.org, 20 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/relevance-of-working-capital-management-on-the-profitability-of-a-management-company-a-study-of-karlander-nigeria-limited-7-2 >.
EMMANUEL, OKORIE. "Relevance Of Working Capital Management On The Profitability Of A Management Company (A Study Of Karlander Nigeria Limited)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/relevance-of-working-capital-management-on-the-profitability-of-a-management-company-a-study-of-karlander-nigeria-limited-7-2