Affect of Working Capital Management on Firms Profitability in Sugar Industry of Pakistan
AbstractManagement of working capital performs a very vital part in the performance of firms in sugar industry. This thesis tests the impact of working capital management on firm’s profitability in sugar industry of Pakistan for years 1999 to 2009. To analyze this, data of 19 sugar mills which are listed at Karachi Stock Exchange is used. The result shows that the Sales Growth, Current Ratio, No of Days Inventory and No of Days Accounts Payables are significantly affecting the profitability of the firms while Sales, Gearing Ratio and No of Days Account Receivables are insignificant in the research. Pearson Correlation and Multiple Linear Regression are used in this research to study the relationship between variables.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 41436.
Date of creation: 01 May 2012
Date of revision:
WCM; Working Capital Management; Sugar; Payable cycle; Receivable Cycle;
Find related papers by JEL classification:
- G3 - Financial Economics - - Corporate Finance and Governance
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-30 (All new papers)
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