Title: Influence of inventory turnover on the profitability of listed manufacturing firms in Dar Es Salaam stock exchange, Tanzania

Authors: James Daniel Chindengwike

Addresses: Faculty of Commerce and Business Studies, St. John's University of Tanzania, Dodoma, Tanzania

Abstract: The study mainly focused on assessing the influence of inventory turnover on the profitability of listed manufacturing companies in DSE. The research used a longitudinal research design, utilising five years of secondary data from 2015 to 2020. Seven companies from the manufacturing sector were used in this study purposefully. The study found that inventory turnover had a significant positive influence on the profitability of listed manufacturing companies. The study recommended that DSE supervisors pay consideration to the turnover and extent of their corporations in the growing plan of the association. Besides, managers are advised to innovate efficient ways of managing inventory turnover to optimise its potential. Companies should increase control over inventory management.

Keywords: inventory turnover; profitability; listed manufacturing companies; DSE; Tanzania.

DOI: 10.1504/AJESD.2024.139153

African Journal of Economic and Sustainable Development, 2024 Vol.9 No.4, pp.273 - 283

Received: 25 Sep 2023
Accepted: 07 Feb 2024
Published online: 16 Jun 2024 *

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