“Effect Of Cash Conversion Cycle On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Nigeria Breweries Plc):-Egwu, Glory U
ABSTRACT
Traditionally, corporate finance involves
capital budgeting, capital structure, working capital management, cash
conversion cycle and structure, such as investment in fixed assets are about
the management oflong-term capital and attracts more attention than working
capital management in finance literature. However, cash conversion cycle is
also a very important field of corporate finance, because of its considerable
effects on the firm’s profitability and liquidity. In this study, a quoted
company in Nigeria is used because ofthe financial problems encountered in the
country by other quoted companies within the country. This study aimed at evaluating
the Effect of Cash Conversion Cycle on the Profitability of Quoted Companies in
Nigeria, focusing on Nigerian Breweries. The main objective ofthis study would
be to evaluate the effect of cash conversion cycle on the profitability of
manufacturing companies in Nigeria. The specific objectives includes: to
evaluate the effect ofAccounts Receivable Ratio on Net Profit Margin, to
ascertain the effect of Inventory Conversion Ratio on Net Profit Margin and to
analyze the effect of Accounts Payable Ratio on Net Profit Margin. The study
therefore concluded cash conversion cycle have positive effect on the
performance ofmanufacturing firms in Nigeria. Therefore, manufacturing
companies should provide ways to efficiently and effectively manage their cash
conversion cycle so as to improve their corporate profitability
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EGWU, E (2024). “Effect Of Cash Conversion Cycle On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Nigeria Breweries Plc):-Egwu, Glory U. Repository.mouau.edu.ng: Retrieved Nov 22, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-cash-conversion-cycle-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-nigeria-breweries-plc-egwu-glory-u-7-2
EGWU, EGWU. "“Effect Of Cash Conversion Cycle On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Nigeria Breweries Plc):-Egwu, Glory U" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-cash-conversion-cycle-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-nigeria-breweries-plc-egwu-glory-u-7-2. Accessed 22 Nov. 2024.
EGWU, EGWU. "“Effect Of Cash Conversion Cycle On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Nigeria Breweries Plc):-Egwu, Glory U". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Aug. 2024. Web. 22 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-cash-conversion-cycle-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-nigeria-breweries-plc-egwu-glory-u-7-2 >.
EGWU, EGWU. "“Effect Of Cash Conversion Cycle On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Nigeria Breweries Plc):-Egwu, Glory U" Repository.mouau.edu.ng (2024). Accessed 22 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-cash-conversion-cycle-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-nigeria-breweries-plc-egwu-glory-u-7-2