Efficient working capital management boosts manufacturing firm profitability in Bangladesh!
Efficiently managing working capital in manufacturing companies in Bangladesh can boost profitability. By studying 52 firms from 2012 to 2017, researchers found that reducing the cash conversion cycle, average payment period, and average collection period can increase profits. Additionally, a shorter inventory conversion period is linked to higher profitability. This shows that how a company handles its working capital directly impacts its financial success.