Working Capital Management and the Financial Performance of Basic Materials Manufacturing Companies in Nigeria
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2020, Vol 4, Issue 2
Abstract
The management of working capital involves managing inventories, accounts receivable and payable, and cash. Based on this assertion, this dissertation is to examine working capital management and the financial performance of basic materials manufacturing companies in Nigeria. The objective of the study is to examine the relationship between working capital management and financial performance of basic material manufacturing companies in Nigeria, The study is anchored with Fisher's separation theory. The study used ex post facto research design which also known as after the effect research, data analyses of financial information were extracted from the manufacturing companies Financial Statements for the years 2001 to 2015. These statements used to examine how an independent variable, present prior to the study, affects a dependent variable. In order to arrive at the testable conclusion, stratified random sampling techniques were adopted. Ordinary Least Square OLS regression model were used in this research work with the model findings, which revealed that debtors, creditors and inventory has no significant relationship with return on investment of manufacturing companies in Nigeria. The study therefore recommended that managers of basic material manufacturing companies in Nigeria should intensify effort on how to improve the management of debtor as a component of working capital components than creditors and inventories in their industry. Olaniyi, Ayo R | Nzewi, Ugochukwu C ""Working Capital Management and the Financial Performance of Basic Materials Manufacturing Companies in Nigeria"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-2 , February 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30225.pdf Paper Url : https://www.ijtsrd.com/management/accounting-and-finance/30225/working-capital-management-and-the-financial-performance-of-basic-materials-manufacturing-companies-in-nigeria/olaniyi-ayo-r
Authors and Affiliations
Olaniyi, Ayo R | Nzewi, Ugochukwu C
Keywords
Related Articles
- EP ID EP686035
- DOI -
- Views 99
- Downloads 0
Reliability Analysis of Identical unit System with Arbitrary Distribution Subject to Appearance Time of the Server
In this research paper, we analyzed the reliability measures of two units identical system who's each unit has operative and complete failure modes. Repairing of the failed unit is done by a server who grabs some time to...
The Effect on DNMT1 through Compounds for the Treatment of Cancer An In Silico Approach
Background Cancer is a disease that involves the abnormal gowth of the cell. After growing uncontrollably in continuation, it influences and grows in other parts of the body as well 1,2 . Benign types of Tumors doesn’t i...
Business Analytics using Microsoft Power BI and AWS Redshift
A Data-Warehouse is a repository that fetches data from many diverse sources within an organization for Business-Reporting and Business-Analysis. The reports created from intricate queries within a Data-Warehouse are use...
Anatomical Exploration of Shavasana and its Physical and Mental Benefits
The term Yoga is originated from the Sanskrit root yuj which means to bind, join, attach and yoke, to direct and concentrate ones attention on, to use and apply. It also refers to union or communion. It is the true union...
Elements and Applications of Smart Grid Technologies
Nowadays, the smart powered strength device is going through a revolutionary change in global with the decarbonize electrical energy furnish to change growing older property and manage the herbal assets about modern info...