Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria

Madubuko Cyril Ubesie; Anastasia Duru

doi:doi:10.11648/j.jim.20160506.12

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Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria

Madubuko Cyril Ubesie, Anastasia Duru

Published in Journal of Investment and Management (Volume 5, Issue 6)

Received: 4 September 2016 Accepted: 22 September 2016 Published: 15 October 2016

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Abstract

The study examined the effect of cash conversion cycle on the profitability of Industrial and Domestic product firms in Nigeria. Receivable ratio, payable ratio and Inventory ratio, were the variables studied in this study. Data were sourced from the annual reports of the selected Industrial and Domestic companies in Nigeria. Generalized least square multiple regression analytical tool was used to test the Hypotheses. The findings show that, AR and AP had significant positive effect on the industries’ profitability ratio at 1% level of significance. On the other hand, the industries’ INV had significant but negative effect on the profitability ratio at 1% level of significance.

Published in	Journal of Investment and Management (Volume 5, Issue 6)
DOI	10.11648/j.jim.20160506.12
Page(s)	99-106
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Cash Conversion, Profitability, Multiple Regressions

References

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[10]	Karaduman, H. A. Aknas, H. E. Caliskan, A. O. and Durer, S. (2011). The relationship between working capital management and profitability. Evidence from an Emerging market, International research Journal of Finance and Economics, Issue 62-67.
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APA Style

Madubuko Cyril Ubesie, Anastasia Duru. (2016). Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria. Journal of Investment and Management, 5(6), 99-106. https://doi.org/10.11648/j.jim.20160506.12

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ACS Style

Madubuko Cyril Ubesie; Anastasia Duru. Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria. J. Invest. Manag. 2016, 5(6), 99-106. doi: 10.11648/j.jim.20160506.12

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AMA Style

Madubuko Cyril Ubesie, Anastasia Duru. Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria. J Invest Manag. 2016;5(6):99-106. doi: 10.11648/j.jim.20160506.12

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@article{10.11648/j.jim.20160506.12,
  author = {Madubuko Cyril Ubesie and Anastasia Duru},
  title = {Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria},
  journal = {Journal of Investment and Management},
  volume = {5},
  number = {6},
  pages = {99-106},
  doi = {10.11648/j.jim.20160506.12},
  url = {https://doi.org/10.11648/j.jim.20160506.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20160506.12},
  abstract = {The study examined the effect of cash conversion cycle on the profitability of Industrial and Domestic product firms in Nigeria. Receivable ratio, payable ratio and Inventory ratio, were the variables studied in this study. Data were sourced from the annual reports of the selected Industrial and Domestic companies in Nigeria. Generalized least square multiple regression analytical tool was used to test the Hypotheses. The findings show that, AR and AP had significant positive effect on the industries’ profitability ratio at 1% level of significance. On the other hand, the industries’ INV had significant but negative effect on the profitability ratio at 1% level of significance.},
 year = {2016}
}

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TY  - JOUR
T1  - Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria
AU  - Madubuko Cyril Ubesie
AU  - Anastasia Duru
Y1  - 2016/10/15
PY  - 2016
N1  - https://doi.org/10.11648/j.jim.20160506.12
DO  - 10.11648/j.jim.20160506.12
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 99
EP  - 106
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20160506.12
AB  - The study examined the effect of cash conversion cycle on the profitability of Industrial and Domestic product firms in Nigeria. Receivable ratio, payable ratio and Inventory ratio, were the variables studied in this study. Data were sourced from the annual reports of the selected Industrial and Domestic companies in Nigeria. Generalized least square multiple regression analytical tool was used to test the Hypotheses. The findings show that, AR and AP had significant positive effect on the industries’ profitability ratio at 1% level of significance. On the other hand, the industries’ INV had significant but negative effect on the profitability ratio at 1% level of significance.
VL  - 5
IS  - 6
ER  -

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Author Information

Madubuko Cyril Ubesie

Department of Accountancy, Enugu State University of Science and Technology, Enugu, Nigeria
Anastasia Duru

Department of Accountancy, Enugu State University of Science and Technology, Enugu, Nigeria

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APA Style

Madubuko Cyril Ubesie, Anastasia Duru. (2016). Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria. Journal of Investment and Management, 5(6), 99-106. https://doi.org/10.11648/j.jim.20160506.12

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ACS Style

Madubuko Cyril Ubesie; Anastasia Duru. Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria. J. Invest. Manag. 2016, 5(6), 99-106. doi: 10.11648/j.jim.20160506.12

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AMA Style

Madubuko Cyril Ubesie, Anastasia Duru. Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria. J Invest Manag. 2016;5(6):99-106. doi: 10.11648/j.jim.20160506.12

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@article{10.11648/j.jim.20160506.12,
  author = {Madubuko Cyril Ubesie and Anastasia Duru},
  title = {Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria},
  journal = {Journal of Investment and Management},
  volume = {5},
  number = {6},
  pages = {99-106},
  doi = {10.11648/j.jim.20160506.12},
  url = {https://doi.org/10.11648/j.jim.20160506.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20160506.12},
  abstract = {The study examined the effect of cash conversion cycle on the profitability of Industrial and Domestic product firms in Nigeria. Receivable ratio, payable ratio and Inventory ratio, were the variables studied in this study. Data were sourced from the annual reports of the selected Industrial and Domestic companies in Nigeria. Generalized least square multiple regression analytical tool was used to test the Hypotheses. The findings show that, AR and AP had significant positive effect on the industries’ profitability ratio at 1% level of significance. On the other hand, the industries’ INV had significant but negative effect on the profitability ratio at 1% level of significance.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria
AU  - Madubuko Cyril Ubesie
AU  - Anastasia Duru
Y1  - 2016/10/15
PY  - 2016
N1  - https://doi.org/10.11648/j.jim.20160506.12
DO  - 10.11648/j.jim.20160506.12
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 99
EP  - 106
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20160506.12
AB  - The study examined the effect of cash conversion cycle on the profitability of Industrial and Domestic product firms in Nigeria. Receivable ratio, payable ratio and Inventory ratio, were the variables studied in this study. Data were sourced from the annual reports of the selected Industrial and Domestic companies in Nigeria. Generalized least square multiple regression analytical tool was used to test the Hypotheses. The findings show that, AR and AP had significant positive effect on the industries’ profitability ratio at 1% level of significance. On the other hand, the industries’ INV had significant but negative effect on the profitability ratio at 1% level of significance.
VL  - 5
IS  - 6
ER  -

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