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Bimonthly Since 1986 |
ISSN 1004-9037
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Publication Details |
Edited by: Editorial Board of Journal of Data Acquisition and Processing
P.O. Box 2704, Beijing 100190, P.R. China
Sponsored by: Institute of Computing Technology, CAS & China Computer Federation
Undertaken by: Institute of Computing Technology, CAS
Published by: SCIENCE PRESS, BEIJING, CHINA
Distributed by:
China: All Local Post Offices
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05 September 2023, Volume 38 Issue 3
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Abstract
The study examined the effect of inventory turnover on the performance of listed Food and Beverage firms in Nigeria. The study used ex-post facto research design and the population comprises of food and beverages companies listed in Nigeria. There are 19 food and beverages companies listed on the Nigerian stock exchange during the period of study. The study used Census sampling technique to select the sample size. However, the study used 19 food and beverage firms since the population is small. The study used secondary data and collected data from different financial statement of account of these companies. The statistical tool adopted was panel regression with the software package of E-view 9.00 and the finding shows that inventory turnover (IT) has positive and insignificant effect on return on asset of listed food and beverage companies in Nigeria. The study recommended that listed food and beverages firms in Nigeria should try to know their inventory items' position in their product life cycle, improve demand forecasting accuracy, Prioritize their inventories, reorder smarter, use-up excess inventory by redistributing stock and use automation to improve insights.
Keyword
Inventory, Inventory Turnover, Performance and Return on Asset
PDF Download (click here)
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