Measuring the Impact of Working Capital Management on Net Operating Profitability: A Comparative Analysis of Cement and Oil and Sector in Pakistan

Introduction Working capital is an important part of financial management, basically working capital management (WCM). It focuses on the management of current assets, current responsibilities, and the relationships that exist between them. In other words, working capital management can be defined as management of a company's current assets, cash, marketable securities, accounts receivable, and inventory. In today's situation of rising capital costs and lack of funds, it is necessary to emphasize the importance of working capital.

Measure sales of various assets or capital to test how the manager uses its assets and capital and analyze the ratio of assets and capital as a proportion of sales as a percentage of profit (Brown and Reilly, 2009)) The ratios used are asset turnover, capital turnover, profit margin, return on equity and return on assets. An independent variable is a variable that affects the main research problem. Since these variables influence the number of dependent variables and do not affect each other, they are called independent. Therefore, they are independent of each other (Jones, Wahba and Heijden, 2007). Corporate governance is an independent variable of this investigation. Corporate governance is a mechanism for corporate management and supervision

In this survey we investigated the impact of privatization on the financial performance of Pakistan Telecom (PTCL) privatized in 2005. The variables "net margin", "operating margin", "asset profit margin", "earnings per share" and "stock trading volume" are used as representatives of financial performance. We compared the performance before and after privatization using a sample t test with an average difference correspondence. According to the analysis of financial data, net income margin, operating profit margin, asset profit margin and earnings per share have declined after privatization, but excluding operating profit margin, the influence of all variables can be ignored I will. The impact of privatization on the performance and management of employees is still a potential problem and further research concerns due to lack of resources and knowledge.

In this survey, we assessed the impact of capital structure on the profitability of Pakistani fertilizer industry companies. The fertilizer industry is in the growth phase and has made a great contribution to Pakistan's economy. Data from four large companies from Pakistan's fertilizer industry accounted for 89% of market share for analysis. Regression analysis is used to analyze the relationship between the company's capital structure and profitability. The results show that there is no significant relationship between the capital composition and profitability of Pakistan's fertilizer industry enterprises. The results also show that there is an important relationship between the current liabilities of Pakistan fertilizer industry companies and their profitability.