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
- Redeemers University, Ede, Osun State 4
- Rhema University, Aba, Abia State 11
- Rivers State University of Science and Technology, Port Harcourt, Rivers State 3
- RIVERS STATE UNIVERSITY, PORT HARCOURT, RIVERS STATE 13
- Rufus Giwa Polytechnic, Owo, Ondo State 2
- Saadatu Rimi College of Edu, Kumbotso, Kano State (affiliated To Abu, Zaria) 1
- Salem University, Lokoja, Kogi State 4
- School of Health Information Mgt (Uch, Ibadan), Oyo State 5
- School of Health Information Mgt, Oau Teaching Hospital, Ile-Ife, Osun State 30
- Skyline University Nigeria, Kano, Kano State 2