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

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

DOI: 10.7176/RJFA/13-17-01

Publication date:September 30^th 2022