EFFECT OF CURRENT ASSET MANAGEMENT ON THE PROFITABILITY OF MANUFACTURING COMPANIES IN NIGERIA A STUDY OF DANGOTE CEMENT PLC, NESTLE PLC AND NIGERIA BREWERIES COMPANY

The study examined the effect of current asset management on the profitability of manufacturing companies in Nigeria.. The objective of the study was to evaluate the relationship between inventory management and profitability of Manufacturing Companies in Nigeria, to examine the effect of accounts receivable management on profitability of manufacturing companies in Nigeria and to find out whether there is the relationship between liquidity and profitability of manufacturing companies in Nigeria The study employed secondary source of data. Secondary data were obtained from the manufacturing companies of Nigeria and Annual budget and budget speeches for the period of 2020-2024. Based on the findings, it was revealed from the study that turnover has significant effect on current asset on the manufacturing companies in Nigeria. It was also discovered from the study that liquidity has significant effect on the current asset of manufacturing companies in Nigeria. It is recommended that the management of manufacturing should objectively try to reduce their bill receivable, so as to guide against waiting longer to collect from customers, for the purpose of increasing their profitability. It is also recommended that the management of manufacturing companies should be more desperate to finding ways to improve and acquire the optimal utilization of their assets, while making maximum use of their resources during the production process and distribution of finished products as this would help them in improving their profits.