EFFECT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY OF MANUFACTURING COMPANY IN RWANDA; A CASE STUDY OF CETRAF LTD (2018-2020)

The general objective of this study was to find out effect working capital management on the profitability manufacturing company in Rwanda . specific purpose thesis were: To determine inventory CETRAF LTD, establish c ash ascertain a ccount receivable examine payable moderating influence ownership and stakeholders decisions LTD. For case study, total population 445 employees Ltd but target consisted only 16 CETRAF’ s office staff board because they were ones who provided useful information related company. In order facilitate be well accomplished each investigated by using questions. applied following tools data collection; documentary questionnaires. results showed that there is moderate correlation between Cash Management Practices as Pearson 0.889. very strong accounts 0.884. research, researcher confirmed positive relationship Ltd. Since Correlation value 0.743. Inventory Control 0.807. p-value 0.000, which less than both standard significance levels 0.05 0.01. established are relationships Rwanda. Based these findings concluded affects suggestions could made for based maintaining its current assets regularly measuring liabilities manner will favor profitability. should keep optimum enhance short-term debt-paying ability firm. Keeping net crucial improve performance Therefore, have struggle with maintenance exceeding liabilities. Key words : Working Capital Management, Profitability Manufacturing Company CITATION: Muhayimana, V., & Maringa, K. E. (2023). Effect Rwanda; A (2018-2020). Strategic Journal Business Change 10 (1), 96 – 122.