Working capital management and profitability of listed manufacturing companies in selected African countries

There is a need for manufacturing companies to monitor their working capital the purpose of ensuring continuity. This study examined effect management on profitability listed in selected African countries from 2014 2019. The are Botswana, Ghana, Kenya, Nigeria, South Africa and Zambia. criteria selecting these were that they must have functional stock exchange be member Commonwealth nations sample period. data extracted respective countries’ exchanges 2019 analyzed using descriptive statistics (to compare performance across countries), panel unit test, fully modified least squares method. findings show net profit ratio (NPR) varies based different practices. also discovered account receivables period cash conversion cycle positive significant relationship with financial profitability. Account payment inventory insignificant recommends emphasis should placed components policy ensure survival company because its impact