Browsing by Author "Oyeneye Temitope Esther"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Liquidity Management and Financial Performance of Nigerian Listed Consumer Goods Manufacturing Firms
    (Economics Management Innovation, 2024) Oguntuase Alexander Tunde; Oyeneye Temitope Esther; Olabisi Jayeola; Ojochenemi Sharon Iko-Ojo
    Financial performance is paramount to the survival of every business organization, especially in a dynamic competitive market environment where the majority of these firms operate. Thus, this present study examines the relationship between liquidity management and financial performance of Nigerian listed consumer goods firms. The study adopted an Ex-post facto research design, utilizing data generated from audited financial statements of ten (10) consumer goods manufacturing firms, throughout ten (2014 to 2023) years. The study employed descriptive and inferential statistics. The study found a negative significant relationship between the Current Ratio and Return on Assets (P<0.05). Also, the study showed a negative significant relationship between the Receivables Collection Period and Return on Assets (P<0.05). However, there was a positive insignificant relationship between the Payables Payment Period and Return on Assets (P>0.05). The study concluded that consumer goods manufacturing firms should formulate robust policies for liquidity management that enhance the financial performance of consumer goods manufacturing firms in Nigeria. Such policies should include the proactive process of ensuring the availability of cash in hand to meet financial obligations at the right time. In addition, embedding policies that encourage early payments such as offering discounts for prompt payments and follow-up with debtors to collect debts at the appropriate time. The study suggested that such policies should include a shorter receivable collection period with longer payables payment periods and follow up regularly with customers whose debts are due.
  • Thumbnail Image
    Item
    Sales Growth and Financial Performance of Listed Consumer Goods Firms in Nigeria
    (Crawford Journal of Economics and Management, 2026) Oyeneye Temitope Esther; Adu Cecilia Adurayemi; Oyeneye Olusegun Taiwo
    This study examined the influence of sales growth on the financial performance of listed consumer goods firms in Nigeria. The objective was to determine how sales growth shapes key performance indicators such as return on equity, return on assets, and net profit margin. An ex post facto research design was adopted, and purposive sampling technique was used to extract data from the Annual Reports and Accounts of fifteen (15) listed consumer goods firms selected from the twenty-one (21) firms on the Nigerian Exchange. The study covered a ten-year period from 2014 to 2023. Prior to estimation, relevant diagnostic tests were conducted to ensure the validity and reliability of the regression model. Panel data was employed to assess the extent to which sales growth affects the financial performance of the sampled firms. The findings indicated that sales growth has a positive and statistically significant effect on return on equity. Conversely, no significant relationship was found between sales growth and return on assets or net profit margin. Based on these outcomes, the study recommends that consumer goods firms in Nigeria strengthen operational efficiency strategies to enhance cost control and optimize resource utilization.