Conservative working capital management boosts profitability for Nigerian conglomerates.
The study looked at how managing a company's money affects its profits. They studied six big companies in Nigeria from 2012 to 2017. They found that having more money in assets compared to total money had a good impact on profits. But having more money owed compared to total money had a bad impact. Also, growing sales didn't really affect profits. The study suggests that companies in Nigeria should be careful with how they manage their money to make more profit.