Production Planning and Profitability of Selected Manufacturing Firms in Nigeria. (Published)
This research focuses on Production Planning and Profitability. A study of Flour Mill of Nigeria Plc, Dangote Flour Mill Plc, and Honeywell Flour Mill Plc was adopted. Production Planning is important in providing better and more economic goods to customers at lower investment. Inventory shortage as a result of stock out and unexpected increase in demand, supply challenge associated with inadequate capacity installation of machines, poor technology, poor capacity utilization, inability to meet budgetary target as a result of change in demand and supply variable and poor demand forecasting are established as the problem of this study. In view of the problem identified, the objectives of this study are to examine the effect of inventory shortage on turnover, to examine the problems of value added by supply chain on profitability and to ascertain the influence of budget on investment of selected manufacturing firms in Nigeria. This work is anchored on the Economic Theory of Production and Rational Economic Man Theory. Data collected for this research were based on Secondary information. Data obtained were analyzed using Ordinary Least Square (OLS) technique by the use of time series. The finding of this study shows that the estimated coefficient of the constant term is statistically significant at better than 0.1 per cent for Dangote Flour Mill Plc and Honeywell Flour Mill Plc and statistically significant at 0.6 per cent for Flour Mill of Nigeria Plc. This implies that increase in turnover (sales) lead to subsequent increase in inventory which in turn increases level of production. The increase in turnover subsequently increases profitability in Dangote Flour Mill Plc and Honeywell Flour Mill Plc. This study concludes that increase in turnover, profitability and budget are vital sources of facilitating growth in flour milling firms in Nigeria. The study recommends that flour millers should integrate their supply chain management operations efficiently to enhances their sales and profitability and also adopt the supply chain strategy/models that were developed in this study to align with their operations and target customers
Keywords: Capacity Utilisation and Budgetary Target, Production Planning, Profitability
Stimulants of Profitability of Non-Bank Financial Institutions: Evidence from Bangladesh (Published)
Financial institutions both Bank and Non-Bank play a significant role in the economy of a country. Like other developing countries Beside the Banking industry necessarily of Non-Bank financial institutions cannot overlook in Bangladesh. This study inspects the profitability of firms in the Non-Banking Financial Institutions (NBFIs) diligence of Bangladesh. Financial Enactment of a financial organization fundamentally depends on its some key financial factors. Specially operating efficiency is main inducing factor which is designed through operating income. Besides it capital Structure combination of equity and liability, term deposit, total asset considerably affect the profitability of any NBFI company. In addition operating expense also upsets the profitability though that is not statistically significant. Different Statistical procedures such as correlation matrix, multiple regressions have been used to determine the associations between variables. And before doing regression analysis normality distribution test has been accomplished by One-Sample Kolmogorov- Smirnov Test. This research is an effort to find out the statistically significant key stimulants variable and their level of impact over net profit.
Keywords: Capital Structure, Financial Performance, Non-Bank Financial Institutions (NBFI), Operating efficiencies, Profitability
Profitability in the Red Meat Industry on the Ghanaian Livestock Market: Evidence from a Publically-Owned Red Meat Facility (Published)
We examined the profitability of a publically owned enterprise in Kumasi-Ghana. Specifically, the study sought to; determine the costs and returns, associated with operations, assess the factors that affect the profitability, and identify the challenges faced by management in their operations. Non-probability purposive sampling was used to select the study area. Structured interviews were used as primary data whereas a 10-year financial statement was the secondary data source. The result showed a positive profitability index of 0.88 and operation ratio of 0.93 although the gross margin analysis produced an operating loss (π) of (GHȻ (37,331)) given a TAC of GHȻ 4,409,972, TVC of GHȻ 10,148,464, TR of GHȻ 14,059,680, and a GM of GHȻ 4,372,644. The regression model confirmed that factors that affect the profitability of abattoir enterprise are influenced by eight factors namely; Salaries/Wages, Electricity/Water, Plant repair/maintenance, plant/market consumables, cleaning detergents, pension contribution, depreciation expense and packaging/labelling at r=0.86.
Keywords: Gross Margin Model, Mean Score Model, Multiple Regression, Non-Probability Purposive Sampling, Profitability, Red-Meat Industry
Working Capital Management and Profitability: Evidence from the Cement Industry in Bangladesh (Published)
Cement Industry plays a vital role in the socio-economic development of Bangladesh. Profitability of this industry is highly related with the efficient working capital management, but the profitability of this industry is not satisfactory. This study is designed to show the profitability and working capital position of Cement industries, correlation between them and whether the profitability is affected by Working Capital Management. Ratio Analysis, Correlation Matrix and Regression Analysis have been used to show Profitability. Working Capital position, correlation between them and the impact of Working Capital on Profitability respectively. For the source of data the author mainly relied on Annual Reports and official records. It is observed from the study that profitability and Working Capital Management position of the Cement industry are not satisfactory.The study reveals that correlation exist between Working Capital Management and Profitability. The study also brings to fore that Working Capital Management has a positive impact on Profitability.
Keywords: Cement Industry, Efficiency, Profitability, Working Capital Management
Implication Of Agent Banking On Profitability Of Nigerian Commercial Banks. (Review Completed - Accepted)
Agent banking has become an essential practice of financial institution in bringing their services closer to the people at the grass root. There is no doubt that agent banking if adopted into Nigerian banking system will help to improve banks profitability. The aim of this study is to investigate the implication of agent banking on the profitability of Nigerian commercial banks. The study made use of descriptive survey in carrying out the research and content analysis in analyzing the work. It was revealed that agent banking has proved to have essential role to play in improving customers satisfaction and bank profitability and it was recommend that agent banking should be adopted in Nigeria
Keywords: ATM, Agent banking, Electronic Banking, Masters Card, Profitability