ANSU Journal of Arts and Social Sciences 6 (1) September 2017 2 Cash Cycle Management and the Performance of Quoted Industrial Firms in Nigeria Orjinta, Hope Ifeoma Department of Accountancy, Faculty of Management Sciences, Chukwuemeka Odumegwu Ojukwu University ifyorjinta@gmail.com Ven. Dr. Onuora JKJ Department of Accountancy, Faculty of Management Sciences, Chukwuemeka Odumegwu Ojukwu University Abstract This study sought to determine the effect of cash cycle management on performance of industrial firms listed on the Nigerian Stock Exchange. A sample of 24 listed firms was used for the period 2007 to 2016. The study employed ex- post facto research design and used secondary data for the analysis. Pearson Correlation and Ordinary Least Square regression were employed to analyze the collected data. The results revealed that accounts receivables ratio and inventory conversion ratio have an inverse and significant effect on performance of selected firms, measured by return on asset, having recorded negative coefficient values of -0.0969 and -0.0456 at 1% and 5%levels of significance respectively. Accounts payable ratio and quick ratio have a significant and direct effect on return on assets at 5% level of significance. Cash cover ratio was found to have negative and insignificant effect on return on asset, even though cash cover ratio is not significant, it cannot be ignored by finance managers who wish to boost performance. We therefore recommend that the management of industrial firms should improve the performance of their firms by reducing the time frame during which cash is tied down within the firms. Also, managers should create value by reducing the number of days of accounts receivables and inventory conversion ratio to a reasonable minimum. Key words: Cash cycle management, account receivable ratio, account payable ratio, inventory conversion ratio, return on asset