Working Capital Management and Corporate Profitability
Student: Judith Palmer (Project, 2025)
Department of Accountancy
Auchi Polytechnic, Auchi, Edo State
Abstract
Abstract
This study examined the effect of working capital management on corporate profitability. The objective of this study is to ascertain the relationship between cash and bank balance and corporate firm’s profitability and to determine the effect of inventory on corporate firm’s profitability. This study employed the ordinary least square regression method to analysis the data gathered to analyse the secondary data collected. It was discovered that there is a positive and significant relationship between cash and bank balance and corporate firm’s profitability and also revealed that that inventory has a positive and significant effect on corporate firm’s profitability. It was recommended that financial managers increase their working capital and ensure that it is properly managed in order to enhance sales revenue, thus strengthening firm profitability. Furthermore, financial managers should increase investment in working capital to accelerate their productivity so that they can also improve the profitability of the firms.
Keywords
For the full publication, please contact the author directly at: palmerjudith0@gmail.com
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Institutions
- Federal University, Lokoja, Kogi State 1
- Federal University, Otuoke, Bayelsa State 20
- Federal University, Wukari, Taraba State 5
- Fidei Polytechnic, Gboko, Benue State 1
- First Technical University, Ibadan, Oyo State 2
- Fountain University, Osogbo, Osun State 20
- Gateway Ict Polytechnic, Saapade, Ogun State 9
- Godfrey Okoye University, Urgwuomu- Nike, Enugu State 4
- Gombe State University, Tudun Wada, Gombe, Gombe State 18
- Hallmark University, Ijebu-Itele,ogun State 1