  The purpose of this empirical study is to investigate Cash Conversion Cycle
of thirty manufacturing firms listed in Dhaka Stock Exchanges under six
different categories, which are, Food and allied, Pharmaceuticals and chemical,
Cement, Textile, Engineering and Miscellaneous. This paper sets industry
average Cash Conversion Cycle for these six industries and examines the
relationship of Cash Conversion Cycle with firm size and profitability. This
study did not find statistically significant differences among the Cash
Conversion Cycle of varying manufacturing industries. The result of this study
indicates a statistically significant negative relationship between the Cash
Conversion Cycle and profitability, especially in terms of Return on Equity.
The result also shows that the Cash Conversion Cycle of manufacturing firm also
has significant negative relationship with firm size, when measured in terms of
net sales. The present study contributes to the literature on working capital
management written in the context of Bangladesh.
