WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTEDHEALTHCARE FIRMS IN NIGERIA

Gusau Journal of Accounting and Finance

Muhammad Lawal Bawa Maru¹  Adamu Magaji²  Haruna Daddau³  Saifullahi Abdullahi Mazadu³ 

[1] Abba Gusau Polytechnic, Talata Mafara-Zamfara;Federal University Gusau, Zamfara State;Kaduna State University, Kaduna;

关键词: Working Capital;    Profitability;    Healthcare Firms;    Inventory ConversionCircle;   

DOI  :  

来源: DOAJ

【 摘 要 】

This work examined the consequence of operational capital management on corporate performance in Nigerian listed manufacturing firms. Selected companies’ data were extracted for a period of seven years (2013-2019). Correlation research and multiple regressions were adopted as research design and technique of data analysis respectively. Result from the study indicated that inventory conversion cycle and average payment period effect on profitability; cash conversion cycle is connected amid profitability, and average collection period shows a negative insignificant association with profitability. Management is expected to generate worth for their shareholders by controlling the account receivable days and rising the accounts payment time and inventories to a realistic time ceiling. Resting on this basis, the work recommended that healthcare firms should advance their organization of stock so as to strap up fewer cash inventories.

【 授权许可】

Unknown