Effect Working Capitalmanagementpractices On Financial Performance in Manufucure Companies in Mogadishu Somalia

The aim of this survey was to discover the result of the working capital management practice on the financial performance manufactured companies in Mogadishu, Somalia This study considered the issue of working capital management practice of all the mechanisms of financial management those were specifically; liability management, receivable management and stock management of the manufactured companies in the Mogadishu area. The work considered a descriptive research design. The study population contained 240manufactured companies in Mogadishu, Somalia A sample size of the 150 population in thirteen manufactured companies, which of the target population, was selected through random sampling in a motley population. The data piled up were analyzed through correlation and regression methods using SPSS version 20. The findings discovered that Liability Management, Receivables Management, are significant determinants of financial performance of the services companies in Mogadishu, Somalia and demonstrated knowledge of the effect of working capital management practice in the top manufactured companies Mogadishu While they rejected to use inventory management or debt financing in manufactured companies in Mogadishu Somalia The findings also indicated that the most important variable in the model was Liability Management. (= -.084). This was followed by Receivables Management (=. .311). while inventory Management were (=.14) these showed rejected The study, therefore, recommends that services companies in Mogadishu needed to have Working capital management policy and inventory management policy which were impacted positively on the overall financial performance.