WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED MANUFACTURING COMPANIES IN NIGERIA. (A STUDY OF CHAMPION BREWERIES PLC.)

ABSTRACT This study is on working capital control and profitability of listed manufacturing companies in Nigeria (Evidence of champion breweries Plc. Uyo). To proffer solution to the problem, a survey and ex-post facto designs were adopted in the study; judgmental sampling technique was used in the study. Taro Yamane technique was used to select the sample size of 25 for the study. The study adopted primary and secondary sources of data collection. Person’s Product Moment Correlation Co-efficient was used to test the hypothesis for the study. Findings revealed that The impact of permanent working capital on profitability of manufacturing company includes: improved cash flow management, better credit management and reduced overheads and increased. Also, that the influence of reserve working capital and profitability of manufacturing company includes: reduced risk of default, enhanced reputation and enhanced inventory management. It was recommended that develop a cash flow forecast that takes into account historical trends, seasonal fluctuations, and external factors. Implement a robust accounts receivable management system to ensure timely payment from customers. Perform regular analysis of working capital components, including accounts receivable, accounts payable, inventory, and cash.