Effect of Inventory Management and Financial Performance of Manufacturing Firms in Nigeria

The study examines the effect of inventory management on financial performance selected manufacturing firms in Nigeria. ex-post facto design was adopted this study. 56 listed Nigerian Stock Market were as population Eleven (11) companies using a purposive sampling method. Multiple Ordinary Least Square regression technique, specifically panel model applied testing hypotheses Firstly, revealed that cash conversion cycle has negative significant return assets second hypothesis tested showed account receivable turnover positive impact third indicated payable Consequently, recommendations Nigeria should speed up finished into sales. Through putting place appropriate marketing strategies ensure quick sales product to attract more revenues and profit, can be achieved. Again, strive retain only credit worthy customers who would prompt payment receivables. By so doing, returns enhanced profitability boosted. In conclusion, achieve timely purchases aid suppliers have greater confidence entrusting raw materials basis with boosting their inventories, increased profit.