International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Assessment of Working Capital management Practice: on the case study of Dire Dawa National Cement Factory

Author(s) Ali Mohammed Bodaya, Prashanta Sharma
Country India
Abstract Efficient working capital management practice plays crucial role sustainability and profitability of the firm, particularly the emerging economic countries like Ethiopia. This study provides comprehensive Assessment on working capital management practice on Dire Dawa National Cement Factory. the study examines varies components of working capital management Through Ratio Analysis – liquidity ratio, Activity Ratio, Cash conversion cycle and cash management. besides this the study assess their impact on financial performance and liquidity of the company.
the study utilized mixed method approach. The analysis reveals a generally strong liquidity position, evidenced by improvements in the quick ratio from 0.7 to 0.91 and the current ratio from 1.44 in 2021 to 2.2 in 2023. However, the study identifies significant inefficiencies in credit collection and inventory management, as demonstrated by an increase in both the average collection period and inventory turnover days.
To address these challenges, the study recommends the implementation of stricter credit collection policies, the adoption of an efficient inventory management system, and the formalization of credit investigation and reorder level policies.
Keywords Working Capital Management, Liquidity Ratio, Ratio Analysis, Activity Ratio, Cash Management
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-08-13
Cite This Assessment of Working Capital management Practice: on the case study of Dire Dawa National Cement Factory - Ali Mohammed Bodaya, Prashanta Sharma - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.26069
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.26069
Short DOI https://doi.org/gt65b3
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