Liquidity Management and Financial Performance of Nigerian Listed Consumer Goods Manufacturing Firms

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dc.contributor.authorOguntuase Alexander Tunde
dc.contributor.authorOyeneye Temitope Esther
dc.contributor.authorOlabisi Jayeola
dc.contributor.authorOjochenemi Sharon Iko-Ojo
dc.date.accessioned2025-05-19T08:38:12Z
dc.date.available2025-05-19T08:38:12Z
dc.date.issued2024
dc.description.abstractFinancial 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.
dc.identifier.citationOguntuase, A.T et al...(2024). Liquidity Management and Financial Performance of Nigerian Listed Consumer Goods Manufacturing Firms. Economics Management Innovation. 16(1);17-32.
dc.identifier.issn1805-353X
dc.identifier.urihttps://repository.crawforduniversity.edu.ng/handle/123456789/157
dc.language.isoen
dc.publisherEconomics Management Innovation
dc.relation.ispartofseries16; 1
dc.titleLiquidity Management and Financial Performance of Nigerian Listed Consumer Goods Manufacturing Firms
dc.typeArticle
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