Working capital management and financial performance of listed cement companies in Nigeria
Year: 2025
Type: article
Abstract: The article examines the effect of working capital management on the financial performance of Nigeria'slisted cement companies. The study's population consists of all listed cement companies in Nigeria, withtwo companies chosen as the sample. The data was analyzed using ordinary least squares regression(OLS) and correlation. The study's findings show that the inventory turnover period (ITP) has nosignificant effect on return on assets (ROA), while the average collection period (ACP) has significanteffects on return on asset (ROA). The average payment period (APP) has significant impact on return onassets (ROA). The study recommends that to improve the returns gained by cement companies in Nigeria,less emphasis should be placed on inventory turnover, which contributes little to such companies'profitability. However, much more focus should be given to average collection duration and averagepayment period because they have more impact on the success of listed cement firms in Nigeria.Keywords: Financial performance, Inventory turnover period, Averagecollection period, Average payment period.
Authors: Usman Sabo, Garba Yakubu
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4408253177