Impact Of Working Capital Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Guinness Nigeria Plc.)
ABSTRACT
There is no doubt that the
ultimate objective of any firm is to maximize profit. However, the preservation
of the liquidity of a firm is an : important objective too and it is the
efficient management of the various components of working capital that helps to
preserve liquidity. This paper therefore examined the impact of working capital
management on profitability of manufacturing firms in Nigeria using the study
of Guinness Nigeria Plc. Secondary data gathered from the annual reports of the
selected company covering the period between 2005 and 2014 was used for the
study. Data collected was analyzed using simple regression analysis. The study
therefore concluded that the working capital management has no significant
impact on ROCE. However it is positively related to ROA, EPS and NPM pending
other factors. The study infers that working capital management has positive
relationship with variables on measure. Thus, this work recommends that
efficient working capital management should be adopted by firms to facilitate
the performance and profitability of the firm.
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OKOCHA, O (2021). Impact Of Working Capital Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Guinness Nigeria Plc.). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-guinness-nigeria-plc-7-2
ORJI, OKOCHA. "Impact Of Working Capital Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Guinness Nigeria Plc.)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-guinness-nigeria-plc-7-2. Accessed 26 Nov. 2024.
ORJI, OKOCHA. "Impact Of Working Capital Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Guinness Nigeria Plc.)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 28 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-guinness-nigeria-plc-7-2 >.
ORJI, OKOCHA. "Impact Of Working Capital Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Guinness Nigeria Plc.)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-guinness-nigeria-plc-7-2