Cash Management and Profitability in United Construction Company Limited: A Case Study of United Construction Company Limited
Author (s)
Gatluak Gach Chuol Thony
Abstract
The goal of the current study was to determine the association between cash management and profitability at United Construction Company Limited, with a focus on determining the several cash management approaches, the company’s degree of profitability, and the association between these two factors. A case study research design was used in this study. For the study, a sample of 40 respondents was chosen. To choose respondents in the field, simple random sampling was used. The United Construction Company Ltd. personnel were given the questionnaires, which were appropriately checked. The SPSS (Statistical Package for Social Scientists) was used to code, enter, modify for consistency and ease of use, and analyze the data from the questionnaires. Frequency analysis was utilized to establish the relationship between United Construction Company Limited’s cash management and profitability. According to the study’s findings, United Construction Company Limited’s cash management has an impact on its profitability levels. The results also demonstrated that the United Construction Company Ltd. uses a number of cash management strategies to minimize cash theft within the UCC Ltd. The analysis also demonstrated that United Construction Company Ltd. has significant levels of profitability. According to research on cash management at United Construction Company Limited, the strategies are in place but not very efficient. The United Construction Company Ltd. performs financial planning, creates cash budgets, and makes an effort to keep some cash balance, but these actions are not ideal. The study proposed that a cash management system be implemented, one that combines cooperation and support from numerous departments. Each department should carefully assess the capabilities and features that are necessary for the deployment and use of cash management, which also boosts company’s profitability.
Keywords: Cash Management, Profitability, United Construction.
| Title: | Cash Management and Profitability in United Construction Company Limited: A Case Study of United Construction Company Limited |
|---|---|
| Author: | Gatluak Gach Chuol Thony |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.7554533 |
| Media: | Online & print |
| Volume: | 19 |
| Issue: | 1 |
| Issue publication (Year): | 2023 |
| Acceptance Date: | 17/01/2023 |
| Date of Publication: | 20/01/2023 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2045.pdf |
| Free download: | Available |
| Page: | 70-86 |
| First Page: | 70 |
| Last Page: | 86 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Gatluak Gach Chuol Thony (2023). Cash Management and Profitability in United Construction Company Limited: A Case Study of United Construction Company Limited. International Journal of Science and Business, 19(1), 70-86. doi: https://doi.org/ 10.5281/zenodo.7554533
Retrieved from https://ijsab.com/wp-content/uploads/2045.pdf
About Author (s)
Gatluak Gach Chuol Thony, M.A.F, P.G.D.A & F, BBA, Accountant, Ministry of Finance & Planning, South Sudan.
DOI: https://doi.org/10.5281/zenodo.7554533