Garba, Sunusi and Mourad, Boudiab and Chamo, Muhammad Adamu (2020) The effect of inventory turnover period on the profitability of listed nigerian conglomerate companies. International Journal of Financial Research, 11 (2). pp. 287-292. ISSN 1923-4023

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Abstract

This study analyses the association concerning inventory turnover management and Nigerian conglomerate firms' profitability. The study is used a historical panel data analysis. Data were generated from the yearly accounts of listed firms from 2007 to 2016. The population of the study consists of six conglomerate firms registered on the Nigerian Stock Exchange. Feasible generalized least square (FGLS) regression was utilized as tools of analysis in the study. The findings establish that inventory turnover management affects Nigerian conglomerate companies' profitability inversely associated to the profitability of the listed conglomerate firms in Nigeria. The study suggests that there must be regular stock-taking to determine eventually, the slothful stocks to dodge over venture in such stocks (if any). Furthermore, if there is no high demand for the goods the inventory needs to be reduce that are obsolescence. Management should also implement an extraordinary inventory management measures.

Item Type:	Article
Uncontrolled Keywords:	ITP, profitability, conglomerate companies
Subjects:	H Social Sciences > HG Finance
Divisions:	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	27 Jul 2020 02:50
Last Modified:	27 Jul 2020 02:50
URI:	https://repo.uum.edu.my/id/eprint/27270

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