IMPACT OF WORKING CAPITAL MANAGEMENT ON ORGANIZATIONAL PERFORMANCE OF SELECTED MANUFACTURING INDUSTRIES IN KWARA STATE

Olusegun Adesola Akinloye, Dori Usiomoifoh Ehiagwina, Nicholas Bola Audu, Aminat Adebukunola Sulaiman

Abstract


Working capital management provides critical insight into the state of company’s financial position and its importance to the success of organization cannot be under estimated. Therefore, this study examined the impact of working capital management on performance of selected manufacturing industries in Kwara State. The population of the study consists of the entire 74 staff in administrative and finance departments of Tuyil Pharmaceutical Limited and Kam Wire Limited, Ilorin, Kwara State. Questionnaire was used to survey respondents who were selected using census sampling. Analysis was conducted through multiple regressions. The result revealed that, average collection period, average payment period and inventory conversion period have significant impact on organizational performance. Recommendations were proffered in line with findings of the study.


Keywords


Working capital management, organizational performance.

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