Vol. 10(5), pp. 174- 185, October 2022 , 2022.

ISSN: 2384-6151

https://doi.org/10.14662/ijebm2022260

 

 

Full Length Research

 

Working Capital Management and Financial Performance of Technical Vocational Education and Training Institutions in Meru County, Kenya

 

Ringera J. Mugambi, Dr. Anthony Osoro & Dr. Julius Miroga

 

Jomo Kenyatta University of Agriculture and Technology, Nairobi in Kenya.  

 

 

 

Accepted 27 October 2022

Abstract

 

This study examined the effect of working capital management on financial performance of selected technical vocational education and training institutions in Meru County, Kenya. Working capital management’s main goal was to ensure continued operations of the organization with sufficient ability to satisfy both maturing short-term debt and upcoming operational expenses. This implied that working capital management of working capital involves managing inventories, accounts receivable and payable and cash.

 

Keywords: cash conversion cycle period, accounts receivable period, accounts payable period and inventory turnover period and financial performance of TVETs

 

Cite This Article As: Ringera J. M., Osoro, A., Miroga, J. (2022). Working Capital Management and Financial Performance of Technical Vocational Education and Training Institutions in Meru County, KenyaInter. Inter. J. Econ. Bus. Manage.10(5): 174-185