Working capital management is very important for the survival of a company no matter the
size of that company. Inadequate working capital or illiquidity is a major issue confronting
Many Nigerian companies. The main objectives of this study is to review the impact of
working capital management on the profitability. The variables used in the study were cash
conversion cycle, accounts receivable, inventory and accounts payable proxies to working
capital management while, return on equity and return on assets as proxies to profitability …

Managing a firm's current assets and liabilities (working capital management) is highly
relevant to the success of that firm. While the short-term liquidity effects of working capital
management are straightforward to derive, it is an empirical question how it affects firm
profitability. This short survey paper consolidates the empirical literature on the association
between working capital management and firm profitability. This state of the art analysis
provides evidence of positive effects of accounts receivable management and inventory …