Assessing Working Capital Management Practices of GBK Group of Companies
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Date
2024-10-26
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Makerere University Business School(MUBS)
Abstract
The study concentrated on investigating the working capital management practices of GBK
Group of Companies. Three main objectives guided the investigation namely; to assess
effectiveness of working capital management practices at GBK, to identify challenges with
improving effectiveness of working capital management practices, and to suggest appropriate
strategies to be implemented by the company to overcome these challenges. Data were collected
at a single snapshot. This design was complemented by a quantitative approach, utilizing
questionnaires as a collection tool. SPSS was used to undertake the descriptive analysis.
The results showed that working capital management in GBK was ineffective. This was largely
demonstrated by low scores in such aspects as payment to suppliers on time, sufficient funds to
meet short-term debt obligations and impending operating overheads, alternative sources of cash
in case of deficit. In terms of the challenges, conclusively it can be advanced that the widely
known challenges that affect working capital management in many organizations, are the same
challenges that GBK is facing. In regard to strategies to improve and implement efficient
accounts receivable and payables management systems, and devise means to reduce costs
associated with working capital management were advanced.
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Citation
Grace,A. (2025). Assessing Working Capital Management Practices of GBK Group of Companies