The study aimed at the relationship between Receivables/Debtors Management and its impact on Financial Performance of Mukwano Manufacturing Industries in Uganda. The R Square value of 0.357 means that 35.7% of the variation in financial performance can be explained by debtors' management. The adjusted R square value of 0.345 accounts for the number of variables in the model. The coefficient for debtors' management was 0.523. This indicated that a one unit increase in debtors' management results in an average increase of 0.523 units in financial performance, holding other factors constant. The standardized beta coefficient value for debtors' management was 0.582. The survey findings indicated that current debtors' management practices across several key facets require more robust governance and process enhancements to better safeguard financial outcomes. As moderate agreement was seen on most statements pertaining to debtor evaluation, credit terms assessment, collection workflows, and policy guidelines, the company should make revamping their debtors' management framework a top priority.