“The Effect Of Working Capital Management On Financial Performance Of Selected Industrial Goods Companies In Nigeria:- Ezechukwu Chizobam F
ABSTRACT
In
Nigeria, many local, industries are operating under harsh conditions such as
lack ofaccess to fund and high interest rates on bank loans. This study is to
examine the effect ofworking capital management on financial performance
ofIndustrial goods companies in Nigeria. The study employs Expost research
design andsecondary data. The study tends to determine the extent of accounts
receivable ratio (ARR) and accounts payable ratio (APR) affect return on
Assets(ROA) ofNigerian industrial goods companies? And How does accounts
receivable ratio (ARR) and accounts pavable ratio (APR) affect Return on equity
(ROE) of Nigerian industrial goods companies?. The study employs Pecking Order
theory ofliquidity, Trade offTheory of Liquidity and Working Capital Cycle
Theory The area of the study cover 13 manufacturingfirms on NSE. Secondary
source ofdata was used and anlysed using SPSS version 20. The findings of the
study concludes that for Berger Paints ltd, Dangote Cement and beta glass,
working capital has a positive and significant impact on performance of
industrial companies in Nigeria. The study recommended that Much attention
should be paid to cost ofsales to ensure that it will not negatively affect
prices of stock and they should exhibit carefulness in handling of
stock/investors at least to ensure that their stock level will not be below the
minimum stock level.
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EZECHUKWU, F (2024). “The Effect Of Working Capital Management On Financial Performance Of Selected Industrial Goods Companies In Nigeria:- Ezechukwu Chizobam F. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/the-effect-of-working-capital-management-on-financial-performance-of-selected-industrial-goods-companies-in-nigeria-ezechukwu-chizobam-f-7-2
FRANKLIN, EZECHUKWU. "“The Effect Of Working Capital Management On Financial Performance Of Selected Industrial Goods Companies In Nigeria:- Ezechukwu Chizobam F" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 25 Jul. 2024, https://repository.mouau.edu.ng/work/view/the-effect-of-working-capital-management-on-financial-performance-of-selected-industrial-goods-companies-in-nigeria-ezechukwu-chizobam-f-7-2. Accessed 23 Nov. 2024.
FRANKLIN, EZECHUKWU. "“The Effect Of Working Capital Management On Financial Performance Of Selected Industrial Goods Companies In Nigeria:- Ezechukwu Chizobam F". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 25 Jul. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-effect-of-working-capital-management-on-financial-performance-of-selected-industrial-goods-companies-in-nigeria-ezechukwu-chizobam-f-7-2 >.
FRANKLIN, EZECHUKWU. "“The Effect Of Working Capital Management On Financial Performance Of Selected Industrial Goods Companies In Nigeria:- Ezechukwu Chizobam F" Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-effect-of-working-capital-management-on-financial-performance-of-selected-industrial-goods-companies-in-nigeria-ezechukwu-chizobam-f-7-2