000			03307nam a22002897a 4500
003			KOHA
005			20231030115328.0
008			231030d2023 cy ||||| m||| 00| 0 eng d
040			_aCY-NiCIU _beng _cCY-NiCIU _erda
041			_aeng
090			_aYL 3182 _bK26 2023
100	1		_aKamara, Abdul Sheriff
245	1	0	_aANALYSIS OF THE EFFECT OF WORKING CAPITAL MANAGEMENT ON THE PROFITABILITY OF MANUFACTURING FIRMS IN SIERRA LEONE / _cABDUL SHERIFF KAMARA; SUPERVISOR: ASSOC. PROF. DR. ASİL AZİMLİ
264			_c2023
300			_avii, 55 sheets; _c31 cm. _e1 CD-ROM
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
502			_aThesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department
504			_aIncludes bibliography (sheets 50-55)
520			_aABSTRACT Working Capital Management (WCM) is a crucial and direct propeller of an organization's profitability and liquidity; ineffective working capital (WC) causes detrimental influence on profitability and remained a challenge for businesses of developing companies. Thus, this study analyzed the impact of WCM on profitability of manufacturing firms in Sierra Leone using a Panelized Least Square (PLS) technique. The PLS estimate revealed that a unit percent increase in the cash conversion cycle resulted in a 5.24% rise in the profitability level of manufacturing firms in Sierra Leone. Also, an increase in the account payable of a unit percent results in a 0.83% decrease in profitability level of manufacturing firms in Sierra Leone. Similarly, the PLS estimate also revealed that the account receivable had a significant negative influence on the profitability of Sierra Leone's manufacturing firms. This suggests that a unit percent decrease in the account receivable caused a 1.67% improvement in the level of profitability for Sierra Leone's manufacturing firms. More so, current ratio was found to show a significant and favorable effect on the profitability of Sierra Leone's manufacturing firms. The upshot of this is that an increase in the current ratio of Sierra Leone's manufacturing firms tends to dramatically raise their profitability levels. These findings are consistent to existing literatures. Therefore, the study concluded that cash conversion cycle, account payable, account receivables and current ratio significantly affect the profitability of the Sierra Leone’s manufacturing firms. Consequently, the study recommended that manufacturing firms in Sierra should improve its profit by ensuring that its existing assets are converted to cash promptly, thereby increasing the businesses’ WC. Also, manufacturing firms in Sierra Leone should ensure key procedures that will aid the accounts payable to influence or increase WC so as to free up cash. These procedures may include, contract evaluations, sourcing, procurement, invoicing, accounting, and reporting. Keywords: Profitability, PLS, WCM
650		0	_aProfit _vDissertations, Academic
650		0	_aWorking capital _vDissertations, Academic
650		0	_aLeast squares _vDissertations, Academic
700	1		_aAzimli, Asil _esupervisor
942			_2ddc _cTS
999			_c291586 _d291586