Business, Management and Accounting
a year ago

Optimizing Working Capital Boosts Financial Success for Nigerian Consumer Goods Firms.

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WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Financial Performance and Working Capital Management Practices of Nigeria’s Consumer Goods Manufacturing Firms
Oprite Malvan Iyalla, Umar Abbas Ibrahim

Paper Summary

The study looked at how managing money in consumer goods companies in Nigeria affects their financial success. They studied 20 companies from 2011 to 2020 and found that having less cash tied up and selling inventory quickly helps companies make more money. But taking longer to pay bills hurts financial performance. On the other hand, waiting longer to get paid actually helps companies financially. This shows that managing money well is crucial for consumer goods companies to do well financially.

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