Optimizing working capital boosts profitability for food companies in Malaysia.
The study looked at how managing money, inventory, and accounts affects the profitability of food and beverages companies in Malaysia. They analyzed data from 2006 to 2015 and found that factors like inventory turnover, current ratio, company size, and collection period all play a significant role in determining profitability. This suggests that companies in this industry need to pay attention to how they manage their working capital to stay profitable.