08168958821
Home » Pharmaceutical Sciences » WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED PHARMACEUTICAL FIRMS IN N...
WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED PHARMACEUTICAL FIRMS IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 7,041 times
INSTANT PROJECT MATERIAL DOWNLOADABSTRACT
Working capital managemt involves the management of the most liquid resources of the firm which includes cash and cash equivalents, inventories, trade debtors and other receivables. Most firms do not ensure optimal level of working capital and this has been a major obstacle to their overall profitabilty. The study examined the impact of working capital management on the profitability of Pharmaceutical firms listed on the Nigerian Stock Exchange market. Correlation and ex-post facto research design were used in a sample of 5 Pharmaceutical firms. Secondary data for a period of 10 years (2002-2011) was used, and Ordinary Least Squares (OLS) multiple regression was employed in data analysis. The study found that working capital management (account receivables collection management, accounts payables management, inventory management, cash conversion cycle management, operating cash flow management) has a significant impact on the profitability of listed pharmaceutical firms in Nigeria. It is therefore recommended among others that managers should focus on reducing inventory days, collect receivable as soon as possible because it is better to recieve inflows sooner than later, and delay payment of creditors inorder to invest the money in short-term securities which are profitable. Also, the cash conversion cycle should be elongated to the extent that it maximizes profit.
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
ISOLATION OF MICROORGANISM ASSOCIATED WITH DETERIORATION OF BANANAS FRUITS
CHAPTER ONE INTRODUCTION Banana is a long curved fruit which grows in clusters and has soft pulpy flesh and yellow skin when ripe.There are about 1000...More »
Item Type: Project Material | 50 pages | 9,876 engagements |
- 2.
PHARMACOECONOMIC ANALYSIS OF HIV/AIDS MANAGEMENT PHARMACY
ABSTRACT The HIV/AIDS pandemic has resulted in mortality surge and life expectancy drop throughout the world. Developing countries are mostly affected...More »
Item Type: Project Material | 50 pages | 9,425 engagements |
- 3.
DEVELOPMENT AND VALIDATION OF SPECTROPHOTOMETRIC METHODS FOR THE DETERMINATION OF RISPERIDONE IN PUR...
ABSTRACT Two simple, sensitive, accurate and extraction free spectrophotometric methods were developed and described for the determination of risperid...More »
Item Type: Project Material | 50 pages | 8,123 engagements |
- 4.
INVESTIGATING THE PRESENCE OF STAPHYLOCOCCUS AUREUS AND ESCHERICHIA COLI IN DAIRY PRODUCTS
CHAPTER ONE INTRODUCTION1.1 BACKGROUND OF THE STUDY Dairy products are various products derived from cow’s milk or that of other female mammals ...More »
Item Type: Project Material | 50 pages | 9,188 engagements |
- 5.
RECYCLING WASTE POLYETHYLENE MATERIALS TO USEFUL PRODUCTS VIA PYROLYSIS
Chapter oneIntroduction1.1 Background of study Recycling is a process of changing waste materials into new products to prevent waste of potential...More »
Item Type: Project Material | 50 pages | 8,720 engagements |