scholarly journals Effect Of Asset Management Efficiency On Performance Of Building And Construction Companies In Nigeria

2019 ◽  
Vol 7 (12) ◽  
pp. 50-69
Author(s):  
Godwin Oghenekohwo Akparhuere ◽  
Duru Nwakaego Anastesia ◽  
Ogbu Moses
Keyword(s):  
Asset Management ◽  
Corporate Performance ◽  
Secondary Data ◽  
Working Capital ◽  
Construction Companies ◽  
Management Efficiency ◽  
Ex Post ◽  
Ex Post Facto ◽  
Asset Turnover ◽  
Inventory Turnover

The efficiency of asset management for various reasons has been the focus of companies, managers and investors doing building and construction business in Nigeria. The main objective of this study was to ascertain the effect of asset management efficiency on corporate performance of building and construction companies in Nigeria. To accomplish the main objective three specific objectives were formulated. These include examining the effects of asset turnover, inventory turnover and working capital turnover on profit after tax (proxy for performance). The study adopted the ex-post facto research design and secondary data were collected on the independent and dependent variables for ten (12) years, i.e. 2006-2017. The data were analyzed using simple regression method and it was found that net asset turnover and working capital turnover did not have significant effect on performance of building and construction companies in Nigeria. On the other hand, inventory turnover had significant effect on corporate performance of building and construction companies of Nigeria. It was recommended that management of building and construction companies should among other things adopt modern techniques of asset management that would translate asset turnover to corporate performance.

Effect of Working Capital Turnover on Operating Profit on PT. Holcim Indonesia, Tbk

2020 ◽  
Author(s):  
endang naryono
Keyword(s):  
Secondary Data ◽  
Positive Influence ◽  
Coefficient Of Determination ◽  
Positive Sign ◽  
Working Capital ◽  
Operating Income ◽  
Operating Profit ◽  
Ex Post ◽  
Ex Post Facto ◽  
Positive Meaning

This research is about the Effect of Working Capital Turnover on Operating Profit at PT. Holcim Indonesia, Tbk for a period of 6 years, so the samples were taken in the form of financial statement data from 2014 - 2019 using financial report data on the Company's Working Capital Turnover and Operating Profit. In this study the researchers used the theory of Sarwono (2005: 95), this research aims to determine the significant and positive influence between Working Capital Turnover and Operating Profit at PT. Holcim Indonesia Tbk.The method used in this research is ex post facto by taking secondary data from PT. Holcim Indonesia Tbk period 2014 - 2019 and the analysis of the influence using regression analysis, correlation, coefficient of determination and hypothesis testing using t test. The results of this study show a correlation value (r) of 0.543 or 29.48%, this means that the influence of Working Capital Turnover on operating income is quite strong and the nature of the relationship is positive, meaning that if the value of Working Capital Turnover increases, resulting in operating profit will increase. The regression equation for Working Capital Turnover towards Operating Profit is if the working capital turnover is 0 X (times), - the magnitude of the Company's operating profit. 55.969%, which means that if the working capital turnover is 0 X (times / no turnover), - the operating profit at the company is 55.969%%, and the regression coefficient x is 15.185% indicating that each increase in Working Capital 1X (times), it will increase the Company's operating profit by 55.969%, - (due to a positive sign).

scholarly journals The Effect of Working Capital Turnover on Company Liquidity at PT. Gudamg Garam, Tbk (Case study on the Indonesian stock exchange) (2007 – 2011

2021 ◽  
Author(s):  
endang naryono
Keyword(s):  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Positive Influence ◽  
Primary Data ◽  
Working Capital ◽  
Financial Reports ◽  
Ex Post ◽  
Ex Post Facto

This study aims to determine the working capital turnover of PT Gudang Garam, the development of the company's performance at PT Gudang Garam, and to determine the effect of working capital turnover on the company's performance at PT Gudang Garam, Tbk. The research method used is the ex-post facto method. This study uses primary data and secondary data obtained from financial and non-financial reports from PT Gudang Garam. To test the hypothesis, simple regression was used. Based on the results of the analysis, it shows that there is a positive influence between working capital turnover at PT Gudang Garam. The level of closeness of the relationship (correlation) of the two variables is quite strong, namely r = 0.752 with a correlation coefficient value of r > 0. The level of influence achieved is 56.55%, and the remaining 43.45% is influenced by other factors. Meanwhile, by testing the hypothesis by using the t-test, the t-count value = 5.947 and the t-table value = 0.997. Based on the t-count value, the T-count value is greater than T-table H0 is in the rejection area. The results of simple linear regression analysis that every 1X (times) increase in working capital turnover, the company's performance will increase by 7.462%.

Relationship Between Management of Working Asset and Firm Prof-itableness: (Case of Digi Telecom Berhad Malaysia)

2021 ◽  
Vol 4 (3) ◽  
pp. 1-14
Author(s):  
Mohamed Ali Abdinur ◽  
Turan ÖNDEŞ
Keyword(s):  
Asset Management ◽  
Negative Relationship ◽  
Secondary Data ◽  
Ratio Analysis ◽  
Working Capital ◽  
Financial Reports ◽  
The Past ◽  
Turnover Ratio ◽  
Inventory Turnover ◽  
Collection Period

The purpose of this study is to understand the association of proper management of working capital and profitableness of Digi telecom Berhad Malaysia during the period of 2015 until 2019. The methodology used is quantitative method statistics. In this paper, secondary data were used in a form of ratio analysis which is obtained from the financial reports of the past five years of Digi telecom. To investigate the strength and weakness of the correlation among working asset management and profitableness of the company correlation analysis, regression analysis and descriptive statistics were used. The findings indicate there is a solid negative correlation among return on asset to current ratio, quick ratio and day’s payable outstanding whereas there is moderate and weak negative relationship between return on asset to debtors turnover ratio and inventory turnover ratio respectively. It is important for managers of Digi telecom to create and improve the shareholders wealth and value by improving the company’s working capital ratio and reduce the days collection period and days payable outstanding.

Analysis of the Effect of Cash Turnover on Liquidity at PT. Pekebun Nusantara VIII, Sukabumi Regency, West Java

2020 ◽  
Author(s):  
endang naryono
Keyword(s):  
Linear Regression ◽  
Correlation Coefficient ◽  
Secondary Data ◽  
Positive Influence ◽  
West Java ◽  
Financial Reports ◽  
A Value ◽  
Ex Post ◽  
Ex Post Facto

Research aims to understand gyrations cash pt .Had provided nusantara viii , liquidity to pt .Had provided nusantara viii , and to know the influence of gyrations cash on the level of liquidity to PT .Perkebunan nusantara VIII sukabumi .The methodology used is the method ex-post facto capital .This research using primary and secondary data obtained from financial reports and non financial from pt .Pekebunan nusantara viii sukabumi .To test hypotheses used linear regression and the correlation with on the spss 15.0 for windows. Based on the results of research shows that there is a positive influence between second match of cash and liquidity pt .Had provided nusantara viii sukabumi .A level of closeness ( correlation ) the second variables strong enough , are r = 0,800 with a value of a correlation coefficient r & gt; 0 it means if cash second match of getting up and liquidity will increase , and vice versa . While from the results of the equation above the results linear regression simple as follows: y = 185,137 + 0,045x means value ( a ) or constant of 185,137 who have the meaning that if cash two zero ( 0 ) or not increased so level of 185,137 liquidity .The score regression ( b ) of 0,045 the show the relation in line that every 1 increase point in cash and two rate rose to 185,137 liquidity

scholarly journals Pengaruh Rasio Aktivitas Terhadap Profitabilitas (pada Perusahaan Pertambangan yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2018)

2019 ◽  
Vol 3 (1) ◽  
pp. 50
Author(s):  
Dirvi Surya Abbas ◽  
Januar Eky Pambudy
Keyword(s):  
Total Asset ◽  
Working Capital ◽  
Purposive Sampling ◽  
Asset Turnover ◽  
Inventory Turnover

Penelitian ini bertujuan untuk mengetahui pengaruh dari beberapa faktor yang mempengaruhi Profitabilitas yang berada diperusahaan berdasarkan laporan keuangan. Penelitian ini merupakan penelitian yang bersifat kausal atau penelitian yang menyatakan satu variabel mempengaruhi variabel yang lain. Variabel yang mempengaruhi disebut variabel independen yang dalam penelitian ini yaitu Turnover Receivable, Turnover Inventory, Turnover Working Capital, Turnover Total Asset, Profitabilitas. Variabel yang terpengaruh disebut variabel dependen dan dalam penelitian ini yaitu Profitabilitas. Metode dalam pengambilan sampel menggunakan purposive sampling dan menggunakan regresi data panel sebagai alat uji penelitian. Sampel yang digunakanya itu perusahaan Pertambangan yang terdaftar di BEI. Hasil dari seleksi data dengan menggunakan metode purposive sampling menyatakan bahwa sampel yang digunakan dalam penelitian ini sebanyak 7 perusahaan dan dikarenakan menggunakan rentang waktu penelitian 9 tahun maka jumlah sampel yang ada 62 sampel. Hasil penelitian ini menunjukkan bahwa Receivable Turnover, Inventory Turnover, Working Capital Turnover tidak berpengaruh terhadap Profitabilitas, lalu Total Asset Turnover berpengaruh Positif dan signifikan terhadap Profitabilitas

scholarly journals Optimizing Return on Assets through Investment in Property, Plant and Equipment: Evidence from Listed Nigerian Manufacturing Companies

2020 ◽  
Vol 4 (10) ◽  
pp. 50-57
Keyword(s):  
Portfolio Management ◽  
Stock Exchange ◽  
Secondary Data ◽  
Growth Options ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Correlational Research ◽  
Ex Post ◽  
Ex Post Facto ◽  
Level Of Significance

This study examined the extent to which investment in property, plant & equipment (PPE) made by listed manufacturing companies in Nigeria relate with the return on assets (ROA). The non-usage of composite appraisal techniques, other than traditional budgeting techniques was seen as a major problem of investment decisions on PPE. The study adopted the quantitative panel methodology of the ex post facto and correlational research design. Secondary data were extracted from the fact books of the Nigerian Stock Exchange for the period, 2013 – 2018. The number of manufacturing companies listed in the Stock Exchange during this period was 83, which was also taken as the population of the study. The sample used in the study was 69. Three hypotheses were tested at 0.05 level of significance. Multiple and simple regression analyses were used on the data collected, to find the relationship between the independent and dependent variables. The hypotheses tested indicated in the findings that property, plant and equipment had a significant relationship with return on assets of listed manufacturing firms in Nigeria when there is a joint relationship between variables of property, plant & equipment (PPE) and return on asset (ROA). Based on the findings and conclusion, it was recommended that management of manufacturing companies should ensure a holistic use of all techniques, exploring the real and growth options analyses as well as portfolio management techniques involving productive non-current assets, to earn the benefit of return on assets invested.

scholarly journals Mono Economy Syndrome of Nigeria: Reposition of Manufacturing Sector for Sustainable Diversification and Development

2020 ◽  
Vol 3 (1) ◽  
pp. 77-90
Author(s):  
S. Samuel Idowu
Keyword(s):  
Economic Development ◽  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Global Campaign ◽  
Ex Post ◽  
Ex Post Facto ◽  
Full Capacity ◽  
Secondary Data Sources ◽  
Political Governance

The study examines Nigeria challenge of the mono-culture economy due to an overreliance on oil, and coupled with the threat been stranded arising from the global campaign and signed Paris agreement in 2015 is an economic risk that could jeopardize her economic development. Answers to why the manufacturing sector has occupied a peripheral position in the Nigeria’s economic development aspiration question alongside the overarching goal of articulating pragmatic mediums and approaches for revamping the manufacturing industry from the encumbrances hindering its full capacity functioning. This research was undertaken to examine the manufacturing sector as an alternative to Nigeria’s petroleum dependence economy by dissecting its problems and how-to repositioning it for a viable diversification. The ex-post facto research method was adopted using impeccable secondary data sources. Insecurity and poor political governance were among other impediments to the manufacturing optimum performance, and strengthening the political institution for an all-inclusive government, amongst others, is proffered as panacea.

scholarly journals Determinants of Manufacturing Firms’ Financial Performance in Pakistan

2021 ◽  
Vol 3 (2) ◽  
pp. 1-10
Author(s):  
DR. SAID SHAH ◽  
S.M. AMIR SHAH
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Large Firms ◽  
Working Capital ◽  
Management Efficiency ◽  
Fixed Assets ◽  
Investment In Fixed Assets ◽  
The Impact ◽  
Medium Firms

Investment in working capital by and large shows better returns than investment in fixed assets. As such proper management of working capital rightfully attracts a lot of attention. The objective of this research is to examine the impact of size and working capital management efficiency on firms’ financial performance using 10 years (2004- 2013) secondary data of 153 firms listed on Pakistan Stock Exchange and employing regression and ratio analyses. Results show that performance-wise large firms are better whereas WCME-wise small and medium firms are better. These findings indicate that better performance of large firms is not because of efficient utilization of working capital - rather it may be due to some other factors and these firms can further improve their performance if working capital is managed more efficiently.

Pengaruh Perputaran Modal Kerja dan Perputaran Persediaan Terhadap Profitabilitas Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 67-77
Author(s):  
Meidita Kurnia ◽  
Hendra Gunawan
Keyword(s):  
Real Estate ◽  
Bank Loans ◽  
Working Capital ◽  
Short Term ◽  
Cross Sectional ◽  
Real Estate Sector ◽  
Negative Effect ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Positive Effect

This study aims to test whether working capital turnover has a negative effect on profitability and inventory turnover has a positive effect on the profitability of property and real estate sector companies listed on the IDX for the 2014-2018 period. This study has one dependent variable, namely profitability and five independent variables, namely working capital turnover, inventory turnover, asset turnover, short-term bank loans, liquidity and mark up. The sampling method used the cross-sectional technique, with a sample of 210 companies in the 5 years of the study. The results of the study found that working capital turnover has a negative effect and inventory turnover has a positive effect, asset turnover has a positive effect, short-term bank loans have a negative effect, while liquidity and mark-up have a negative effect on company profitability. This shows that the lower the working capital turnover of a company, the lower the company's profitability, the smaller the inventory turnover rate, the higher the company's profitability, the higher the asset turnover, the better the company's ability to generate profits, the higher the company's short-term debt. the lower the company's profitability, the higher the liquidity and mark-up, the more difficult the company's ability to generate high profits.

IS ACCOUNTING ALCHEMY STILL THE RIGHT MEDICINE FOR FIRM’S EARNINGS AND BOOK VALUE? EVIDENCE FROM SUB-SAHARAN AFRICA

2021 ◽  
Vol 22 (3) ◽  
Author(s):  
EDESIRI GODSDAY OKORO ◽  
CHIZOBA M. EKWUEME
Keyword(s):  
Secondary Data ◽  
Sub Saharan Africa ◽  
Book Value ◽  
Ex Post ◽  
Study Results ◽  
Net Profit ◽  
Fixed And Random Effects ◽  
Ex Post Facto ◽  
Sub Saharan ◽  
The Right

ABSTRACT Purpose: A major thread in accounting literature, which has remained a contentious issue, is how accounting alchemy can be modeled. The paper builds on existing accrual models in proposing an accounting alchemy model and tests if it is still the right medicine for earnings and book value of firms. The accounting alchemy model was based on mechanisms of earnings, book value, earnings before extraordinary items, net profit after tax, cash flow from operations, revenue, and total assets. We modified accrual models on the view that accrual models suggest that incomes/expenses are the most manipulated; contrarily, accounting alchemy proposes that assets are alchemized. Originality/value: This paper proposes a new empirical model of accounting alchemy and practically assesses the validity of the model in Sub-Saharan Africa, where there are no studies. The proposed accounting alchemy model can be used in Asia, Europe, and other parts of the world to see if the study results can be replicated. Design/methodology/approach: Ex post facto design was used, and secondary data were obtained for selected quoted firms in Sub-Saharan Africa comprising Nigeria, South Africa, and Kenya from 2012 to 2016. A sample of 64 firms was selected in the consumer and industrial goods subsector, and data were analyzed via descriptive (mean, standard deviation, correlation) and inferential (regression, fixed, and random effects) statistics. Findings: Findings indicated that earnings and book value are significantly affected by accounting alchemy. This implies that accounting alchemy is not the right medicine for firm’s earnings and book value. The result has practical application for researchers and the regulatory framework of accounting.

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