WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA
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 te...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2021-04-01
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| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/81 |
| _version_ | 1811241786376454144 |
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| author | Muhammad Lawal Bawa Maru Adamu Magaji Haruna Daddau Saifullahi Abdullahi Mazadu |
| author_facet | Muhammad Lawal Bawa Maru Adamu Magaji Haruna Daddau Saifullahi Abdullahi Mazadu |
| author_sort | Muhammad Lawal Bawa Maru |
| collection | DOAJ |
| description |
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.
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| first_indexed | 2024-04-12T13:41:33Z |
| format | Article |
| id | doaj.art-c947ba19b80b4ef9997113bc1095986a |
| institution | Directory Open Access Journal |
| issn | 2756-665X |
| language | English |
| last_indexed | 2024-04-12T13:41:33Z |
| publishDate | 2021-04-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj.art-c947ba19b80b4ef9997113bc1095986a2022-12-22T03:30:50ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2021-04-0121WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIAMuhammad Lawal Bawa Maru0Adamu Magaji1Haruna Daddau2Saifullahi Abdullahi Mazadu3Abba Gusau Polytechnic, Talata Mafara-ZamfaraFederal University Gusau, Zamfara StateKaduna State University, KadunaKaduna State University, Kaduna 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. https://journals.gujaf.com.ng/index.php/gujaf/article/view/81Working CapitalProfitabilityHealthcare FirmsInventory Conversion Circle |
| spellingShingle | Muhammad Lawal Bawa Maru Adamu Magaji Haruna Daddau Saifullahi Abdullahi Mazadu WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA Gusau Journal of Accounting and Finance Working Capital Profitability Healthcare Firms Inventory Conversion Circle |
| title | WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA |
| title_full | WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA |
| title_fullStr | WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA |
| title_full_unstemmed | WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA |
| title_short | WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA |
| title_sort | working capital management and profitability of listed healthcare firms in nigeria |
| topic | Working Capital Profitability Healthcare Firms Inventory Conversion Circle |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/81 |
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