Effective working capital management boosts textile firm profitability in Bangladesh.
The study looked at how managing money in textile companies in Bangladesh affects their profits. They used data from annual reports of textile firms from 2000 to 2018. The researchers found that better management of money can increase a textile company's profits. For example, shorter times for converting cash, sales, and inventory can make a company more money. It's important for companies to have good policies for managing their money to be more profitable.