WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA

Authors

  • Muhammad Lawal Bawa Maru Abba Gusau Polytechnic, Talata Mafara-Zamfara
  • Adamu Magaji Federal University Gusau, Zamfara State
  • Haruna Daddau PhD Kaduna State University, Kaduna
  • Saifullahi Abdullahi Mazadu PhD Kaduna State University, Kaduna

DOI:

https://doi.org/10.57233/gujaf.v2i1.81

Keywords:

Working Capital, Profitability, Healthcare Firms, Inventory Conversion Circle

Abstract

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.

Author Biographies

Muhammad Lawal Bawa Maru, Abba Gusau Polytechnic, Talata Mafara-Zamfara

Department of Accountancy
Abba Gusau Polytechnic, Talata Mafara-Zamfara
Zamfara State

Adamu Magaji, Federal University Gusau, Zamfara State

Department of Accounting and Finance
Federal University Gusau,
Zamfara-Nigeria

Haruna Daddau PhD, Kaduna State University, Kaduna

Department of Accounting
Kaduna State University, Kaduna-Nigeria

Saifullahi Abdullahi Mazadu PhD , Kaduna State University, Kaduna

Department of Procurement and Supply Chain Management
Kaduna State University, Kaduna-Nigeria

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Published

2021-04-21

How to Cite

Lawal Bawa Maru, M., Magaji, A., Daddau, H., & Abdullahi Mazadu, S. (2021). WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED HEALTHCARE FIRMS IN NIGERIA. Gusau Journal of Accounting and Finance, 2(1), 15. https://doi.org/10.57233/gujaf.v2i1.81