Does Working Capital Management Impact How Well a Company Performs? Panel Data Analysis on the Textile Industries of Bangladesh

Managing working capital is vital to the expansion and development of manufacturing companies. The performance Bangladeshi textile industries implications management are main focus this study. Working represented by inventory conversion period, receivable collection cycle, payable deferral cash whereas firm determined ROA. From 2013 2022 ten years panel data were collected from annual reports listed companies Bangladesh. Panel Least Square (PLS), fixed affect, random effect, Hausman test all executed using STATA program determine influence independent factors on dependent factor. ROA Bangladesh's was found be significantly affected Inventory Conversion time, Receivables Collection Cash Circle, but not Payable Deferral time.