Published Paper Details:

The value of the firm is created by optimal working capital management, the term which refers to the quantum of fund required to maintain day-to-day running of an organization. The fund is required to run the wheels of the business enterprise. Working capital constitutes the short term investment decision of the organization; it is short term sources and application of fund. The cost of these short term source of fund is very important to an organization because it is the life blood of an organization, it consist the liquidity flow as different from profitability of the organization. Working capital management is an important factor in accessing organizations� performance that is ability to efficiently maintain the balance between liquidity and profitability. The main objective of this paper is to ascertain the impact of working capital management on organization performance. Specifically to determine the effect of working capital management on organization efficiency and profitability of manufacturing companies. Data were sourced from secondary data making used of annual reports and financial statements of four (4) quoted manufacturing companies in Nigeria. It analyzed using multiple regression analyses. It was discovered that every stage in the production process needs adequate working capital and that there is relationship between working capital management, efficiency and profitability of manufacturing companies in Nigeria. Therefore it was recommend that an optimum level of debtors should be sought by organization through an efficient debtors� management and that stock should be efficiently managed.