Working Capital Management and Its Impact on Blue Ocean Footwear Ltd.
Intisar, MD. Annur
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This research aims to examine the effect of working capital management on the competitiveness of one of the largest footwear exporter corporations in Bangladesh, Blue Ocean Footwear. Working capital, as the current asset, may be defined as the amount exceeding current liabilities. The aim of this paper is for the organization to examine how the currency, the stock cycle, the receivable and the length of its working capital is handled and how it affects the organization’s profitability. This project paper starts with aim and methodology for the analysis. The Recherche research report contains the study of BOFL 5-year results from 2014 to 2018. The degree of efficiency of working capital management was primarily calculated by many researchers by the success or failure of the general activities of an entity. The aim of this study is to examine and link the previous studies to this journal. Basis on all analysis we try to put recommendation on last chapter. The report also covers what we did in last four-month internship period. Then discuss about the trade process of BOFL. As we know Blue Ocean is hundred percent export-oriented company its trading process is little bit difficult to understand. Chapter three deals with the company's definition including its history, products, organization's vision structure, etc. BOFL is a big part of the social responsibility of businesses. In fiscal year 2013-14, BOFL payed over 843 crore takas as exchequer tax. In this section, the WCM strategy for BOFL is also discussed in detail. Because of their growing use of short-term borrowing, they adopt strict WCM strategy. The quality of inventory management is measured using the transition time of inventory. In accordance with other periods, it was 123 days in the year 2016. The time gap BOFL is very sufficient to collect money from lenders. The company tries to postpone as much as possible the accounts payable. BOFL takes some 101 days to make distributions to lenders.
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