Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria

Main Article Content

Samuel Adebayo Olaoye
Richard Adeleye Okunade

Abstract

This study observed the link amid working capital management and profitability of quoted manufacturing firms in Nigeria. Using panel methodology, this study discovered a significant influence of working capital management (ITID, CPP & ACP) on profitability of listed manufacturing firms in Nigeria. Although, creditors payment period shows a significant impact on profitability while inventory turnover days and account receivables period were insignificant. This study recommends that well managed CPP over time would be a plus for manufacturing entities, to enhance their financial performance.

Keywords:
Profitability, liquidity, working capital management, turnover, stability.

Article Details

How to Cite
Olaoye, S. A., & Okunade, R. A. (2020). Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria. Journal of Economics, Management and Trade, 26(7), 63-69. https://doi.org/10.9734/jemt/2020/v26i730275
Section
Original Research Article

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