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Abstract:
This study examined the impact of stock control on profit maximization of manufacturing company with the main of determining the impact of stock control on profitability of manufacturing company. The data collected was spanned from 2005 to 2015. The study employed the use of panel data regression for the purpose of analysis using profit after tax (PAT) as endogenous variable while stock value (STV), firm size (SIZE) and current ratio (CRR) were regressed as exogenous variables. The result of the analysis explored that stock value (STV) and firm size (SIZE) were significantly related to profit after tax while current ratio was negatively related to profit after tax of manufacturing companies. The study essentially concluded that stock control significantly impact profit maximization of selected manufacturing companies in Nigeria. Based on the conclusion the study recommended that the sales and marketing department of the company should pay closer attention to the growth pattern of inventory usage and incorporate it in sales forecasting technique
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