“Relevance ofWorking Capital Management on The Profitability ofA Management Company (A Study of Karlander Nigeria Limited):- Ahuekwe Obioma
ABSTRACT
This
study was set to examine the effective management of working capital ofship
management service companies with specific reference to Karlander Limited. The
study adopts the survey research design and data was gathered through the administration
and collection of 90 questionnaire issued to the staff of the firm. The
hypotheses were tested using the Pearson moment correlation. The study results
revealed that; effective cash administration has a positive insignificant
effect on financial performance ofthe firm. Also, that inventory management has
a positive insignificant effect on financial performance of the firm. Further
results revealed that effective debt management has a positive significant
effect on financial performance ofthe firm. Hence, it is recommended that;
firms should endeavor to carry out working capital management practices that
will enhance adequate cash administration to meet up daily business needs. Also
firm managers should endeavor to properly manage the inventory to avoid waste
and always meet the demand of customers to burst financial performance of the
firm.The need to maintain best practice of quality financial reporting is
important to the firms such that investors who make decisions in line with the
information captured on debtors so as to properly regulate the debt management
policies ofthe firm.
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AHUEKWE, O (2024). “Relevance ofWorking Capital Management on The Profitability ofA Management Company (A Study of Karlander Nigeria Limited):- Ahuekwe Obioma. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/relevance-ofworking-capital-management-on-the-profitability-ofa-management-company-a-study-of-karlander-nigeria-limited-ahuekwe-obioma-7-2
OBIOMA, AHUEKWE. "“Relevance ofWorking Capital Management on The Profitability ofA Management Company (A Study of Karlander Nigeria Limited):- Ahuekwe Obioma" Mouau.afribary.org. Mouau.afribary.org, 09 Jul. 2024, https://repository.mouau.edu.ng/work/view/relevance-ofworking-capital-management-on-the-profitability-ofa-management-company-a-study-of-karlander-nigeria-limited-ahuekwe-obioma-7-2. Accessed 30 Oct. 2024.
OBIOMA, AHUEKWE. "“Relevance ofWorking Capital Management on The Profitability ofA Management Company (A Study of Karlander Nigeria Limited):- Ahuekwe Obioma". Mouau.afribary.org, Mouau.afribary.org, 09 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/relevance-ofworking-capital-management-on-the-profitability-ofa-management-company-a-study-of-karlander-nigeria-limited-ahuekwe-obioma-7-2 >.
OBIOMA, AHUEKWE. "“Relevance ofWorking Capital Management on The Profitability ofA Management Company (A Study of Karlander Nigeria Limited):- Ahuekwe Obioma" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/relevance-ofworking-capital-management-on-the-profitability-ofa-management-company-a-study-of-karlander-nigeria-limited-ahuekwe-obioma-7-2