%0 Journal Article %1 noauthororeditor %A Innocent, Gilbert Ogechukwu Nworie | Vitalis O Moedu | Onyali Chidiebele %D 2023 %J INTERNATIONAL JOURNAL OF TREND IN SCIENTIFIC RESEARCH AND DEVELOPMENT %K Asset Cashless Current Debtor Financial Inventory Management, Performance Ratio, Turnover %N 1 %P 77-87 %T Contribution of Current Assets Management to the Financial Performance of Listed Consumer Goods Firms in Nigeria %U https://www.ijtsrd.com/management/accounting-and-finance/52600/contribution-of-current-assets-management-to-the-financial-performance-of-listed-consumer-goods-firms-in-nigeria/gilbert-ogechukwu-nworie %V 7 %X The study examined the effect of current asset management on the financial performance of listed consumer goods firms in Nigeria. The study specifically determined the extent to which debtor turnover ratio, cash ratio and inventory turnover ratio affect the Earnings Per Share of listed consumer goods firms on the Nigerian Exchange Group, using causal comparative research design. Purposive sampling technique was deployed to determine the twelve 12 consumer goods firms that made up the sample participants of the study, out of a population of twenty one. Secondary data were obtained from the annual reports and accounts of the selected companies over a period of ten years which spanned from 2011 to 2020. The hypotheses formulated were tested using Ordinary Least Square technique at 5 level of significance. The findings revealed that while debtor turnover ratio and inventory turnover ratio have a positive effect on earnings per share, cash ratio negatively affects the Earnings Per Share of listed consumer goods firms on the Nigerian Exchange Group. However, the effects were not significant at 5 level. It was recommended that managers of consumer goods firms should reduce to minimal level the time it will take between sales of goods and services and the collection of cash since the performance of firms can be increased through an increment in frequency of debt collection. Gilbert Ogechukwu Nworie | Vitalis O. Moedu | Onyali, Chidiebele Innocent "Contribution of Current Assets Management to the Financial Performance of Listed Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1 , February 2023, URL: https://www.ijtsrd.com/papers/ijtsrd52600.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52600/contribution-of-current-assets-management-to-the-financial-performance-of-listed-consumer-goods-firms-in-nigeria/gilbert-ogechukwu-nworie

@article{noauthororeditor, abstract = {The study examined the effect of current asset management on the financial performance of listed consumer goods firms in Nigeria. The study specifically determined the extent to which debtor turnover ratio, cash ratio and inventory turnover ratio affect the Earnings Per Share of listed consumer goods firms on the Nigerian Exchange Group, using causal comparative research design. Purposive sampling technique was deployed to determine the twelve 12 consumer goods firms that made up the sample participants of the study, out of a population of twenty one. Secondary data were obtained from the annual reports and accounts of the selected companies over a period of ten years which spanned from 2011 to 2020. The hypotheses formulated were tested using Ordinary Least Square technique at 5 level of significance. The findings revealed that while debtor turnover ratio and inventory turnover ratio have a positive effect on earnings per share, cash ratio negatively affects the Earnings Per Share of listed consumer goods firms on the Nigerian Exchange Group. However, the effects were not significant at 5 level. It was recommended that managers of consumer goods firms should reduce to minimal level the time it will take between sales of goods and services and the collection of cash since the performance of firms can be increased through an increment in frequency of debt collection. Gilbert Ogechukwu Nworie | Vitalis O. Moedu | Onyali, Chidiebele Innocent "Contribution of Current Assets Management to the Financial Performance of Listed Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1 , February 2023, URL: https://www.ijtsrd.com/papers/ijtsrd52600.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52600/contribution-of-current-assets-management-to-the-financial-performance-of-listed-consumer-goods-firms-in-nigeria/gilbert-ogechukwu-nworie }, added-at = {2023-07-01T10:30:35.000+0200}, author = {Innocent, Gilbert Ogechukwu Nworie | Vitalis O Moedu | Onyali Chidiebele}, biburl = {https://www.bibsonomy.org/bibtex/25acb1892d6de3e9fed7194a8684c1a2d/ijtsrd}, interhash = {8f78b35979d0f4f0950708123a48582d}, intrahash = {5acb1892d6de3e9fed7194a8684c1a2d}, issn = {2456-6470}, journal = {INTERNATIONAL JOURNAL OF TREND IN SCIENTIFIC RESEARCH AND DEVELOPMENT}, keywords = {Asset Cashless Current Debtor Financial Inventory Management, Performance Ratio, Turnover}, language = {english}, month = feb, number = 1, pages = {77-87}, timestamp = {2023-07-01T10:30:35.000+0200}, title = {Contribution of Current Assets Management to the Financial Performance of Listed Consumer Goods Firms in Nigeria }, url = {https://www.ijtsrd.com/management/accounting-and-finance/52600/contribution-of-current-assets-management-to-the-financial-performance-of-listed-consumer-goods-firms-in-nigeria/gilbert-ogechukwu-nworie}, volume = 7, year = 2023 }