Inventory Management and Financial Performance Listed Construction Companies in Nigeria

Eta Ekenyong Ekenyong, J. Ohaka, Gospel J. Chukwu
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Abstract

This study investigated the relationship between cash management and financial performance of listed construction companies on Nigerian Exchange Group. Specifically, the objectives of the study are to examine the relationship between cash management and earning per share, ascertain the relationship between cash management and net profit. The ex -post facto research design was used. The study population comprised Six (6) listed construction companies as listed on the Nigeria Exchange Group in 2021. The entire population was used as the sample size, using the census approach. Data was source through the annual report of listed construction companies for 2011-2020. Pearson correlation and multiple regression was used in data analysis with the aid of Stata12 software. The study revealed that there is no relationship between cash management and earnings per share of listed construction companies on the Nigerian Exchange Group. There is no relationship significant between cash management and net profit of listed construction companies on the Nigerian Exchange Group. The study concluded that there is no significant relationship between inventory management and financial performance. The study recommended that effort should be made to decrease the number of inventory turnover days and increase the creditors’ payable days in order to minimize the length of the working capital cycle for increase financial performance; efficient inventory control measure like storing and transferring stock, as well as tracking should be put in place for enhance financial performance.
库存管理与尼日利亚上市建筑公司的财务业绩
本研究调查了尼日利亚交易所集团上市建筑公司的现金管理与财务业绩之间的关系。具体来说,本研究的目标是检验现金管理与每股收益之间的关系,确定现金管理与净利润之间的关系。研究采用了事后研究设计。研究对象包括 2021 年在尼日利亚交易所集团上市的六(6)家上市建筑公司。采用普查方法,将全部人口作为样本量。数据来源于上市建筑公司 2011-2020 年的年度报告。在 Stata12 软件的辅助下,使用了皮尔逊相关性和多元回归进行数据分析。研究表明,尼日利亚交易所集团上市建筑公司的现金管理与每股收益之间没有关系。尼日利亚交易所集团上市建筑公司的现金管理与净利润之间没有明显关系。研究得出结论,库存管理与财务业绩之间没有显著关系。研究建议,应努力减少存货周转天数,增加应付账款天数,以尽量缩短营运资金周期,从而提高财务业绩;应采取有效的存货控制措施,如储存和转移存货以及跟踪,以提高财务业绩。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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