scholarly journals Liquidity and Profitability Ratios on Growth of Profits of Listed Oil and Gas Firms in Nigeria

2021 ◽  
Vol 4 (3) ◽  
pp. 1-14
Author(s):  
Appah E. ◽  
Onowu J.U. ◽  
Tonye Y.
Keyword(s):  
Oil And Gas ◽  
Secondary Data ◽  
Annual Reports ◽  
Return On Equity ◽  
Correlational Design ◽  
Ex Post ◽  
Return On Capital ◽  
Ex Post Facto ◽  
Oil And Gas Firms ◽  
Profitability Ratios

This study empirically examined liquidity and profitability ratios on the growth of profit of listed oil and gas firms in Nigeria. The study employed ex-post facto and correlational design and the data was obtained from the annual reports of sample companies for the period 2014 to 2019. The secondary data obtained from the published financial statements of the sampled firms were analysed with descriptive, correlation matrix and multiple regression. The results obtained from the multivariate analysis suggested that current ratio, acid test ratio, gross profit ratio, net profit ratio, net working capital, return on assets, return on equity and return on capital employed do positively and significantly affect the growth of profit of listed oil and gas firms in Nigeria. The study concluded that liquidity and profitability ratios influence the growth of companies. The study therefore made the following recommendations amongst others that firms should use financial ratios to measure the level of corporate profit growth to comprehend the conditions of firms which may eventually affect the investment decisions.

scholarly journals BOARD OF DIRECTORS QUALIFICATION AND COMPOSITION: STUDY OF ITS IMPACT ON SERVICE SECTOR OF INDIA

2021 ◽  
Vol 9 (1) ◽  
pp. 1213-1219
Author(s):  
Rahul Singhal , Vikhyat Singhal, Ritesh Kumar Singhal, Ajay Singh
Keyword(s):  
Board Of Directors ◽  
Service Sector ◽  
Negative Impact ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Target Population ◽  
Annual Reports ◽  
Return On Equity ◽  
Return On Capital

The purpose of this study was to determine the effects of education and composition of Board of Directors on the performance of firms listed at the Bombay Stock Exchange (BSE). The target population of this explanatory research study comprises of top performers of service sector firms listed at the Bombay Stock Exchange. The secondary data from the financial statements and annual reports of the listed companies covering the year 2015-19 was considered for the study. The correlation matrix and linear regression analysis technique was used to determine the effect of independent variables i.e. size of board, proportion of board with post-graduation qualification and proportion of independent directors in the board on the dependent variable i.e. return on equity and return on capital employed. The study findings indicate size of BODs and independence of BODs has insignificant and negative impact on the firm performance. On the other hand percentage of directors having post-graduation degree has positive and notable impact on the performance of the firm.

scholarly journals ENVIRONMENTAL COST AND FINANCIAL PERFORMANCE OF OIL AND GAS COMPANIES IN NIGERIA

2015 ◽  
pp. 1-24
Author(s):  
Chiamogu Anselm ◽  
Janefrances Okoye
Keyword(s):  
Community Development ◽  
Financial Performance ◽  
Environmental Remediation ◽  
Oil And Gas ◽  
Environmental Cost ◽  
Annual Reports ◽  
Development Cost ◽  
Ex Post ◽  
Ex Post Facto ◽  
Oil And Gas Companies

This study ascertained the extent environmental cost affects financial performance of oil and gas companies in Nigeria. The specific objectives were to determine the effect of: community development cost and environmental remediation cost on Tobin’s on oil and gas companies in Nigeria. Ex post facto research design was employed and data was obtained from annual reports and accounts for the periods 2011 to 2018. The hypotheses were tested using regression analysis with aid of e-view 9.0. The results of the empirical data analysis revealed that community development cost and environmental remediation cost has positive significant effect on Tobin’s. The study therefore recommended among others that government should give tax credit to organizations that participate and contribute towards community development in order to encourage community development and which would go a long way in enhancing firm performance.

scholarly journals Performance Evaluation of Oil and Gas Companies in Sultanate of Oman

2021 ◽  
Vol 2 (2) ◽  
pp. 37-46
Author(s):  
Mohammed Ahmed ◽  
◽  
Balamurugan Muthuraman ◽  
Qais Al-Hadabi ◽  
◽  
...  
Keyword(s):  
Oil And Gas ◽  
Secondary Data ◽  
Profit Margin ◽  
Securities Market ◽  
Annual Reports ◽  
Financial Measures ◽  
Return On Equity ◽  
Net Profit ◽  
Oil And Gas Companies ◽  
The Impact

Purpose: The purpose of the study was to analyze the impact of ROA and ROE on the net profit of the selected Oil and Gas companies (O & G) in Oman; to analyze the effect of ROA on the assets performances of selected Oil and Gas companies in Oman and to analyze the relationship between ROE and debt-equity on the performances of oil and gas companies in Oman. Design/methodology/approach: The secondary data was obtained from the annual reports of Oman's major telecom providers listed in the Muscat Securities Market (MSM) for the period 2015 to 2020. The data collected from the financial statements were analyzed using ratio analyses with the help of excel. The secondary data was obtained from the annual reports of selected O & G companies in Oman, listed in the Muscat Securities Market (MSM) for the period 2015 to 2020. The collected data was analyzed with financial ratio analysis using excel and SPSS to evaluate the financial performance of the companies. Findings: The study revealed that amongst the overall financial performances of the O & G companies, Oman Oil Marketing, Muscat Gases, and Shell Oman Marketing topped the list followed by National Gas and Al Maha Petroleum. The study also revealed that there is a correlation between Return of Assets (ROA) and Return on Equity (ROE), and Assets Turnover Ratio (ATO) and Net Profit Margin (NP). ROA, ROE, and Debt Equity Ratio (DE) do not have any correlation with NP which purports that there is no relationship between ROA & NP, ROE & NP, and DE & NP. Research limitations/implications: The study revealed that the financial performances of the O & G companies in Oman can be measured through analysis NP, ROE, ROA, ATO & DE but it is of no significance to the company’s financial performances as ROA, ROE has no impact on the Net profit margin of the O & G companies in Oman. Similarly, neither ATO nor DE has any impact on the net profit margin. Social implications: The study helps the investors and management of the O & G companies to understand the variables and the efforts to reform financial measures and take necessary action and suitable decisions to enhance the financial performances of the oil and gas companies. Originality/Value: The study was carried out with five major selected O & G companies of Oman and the study had relied mostly on quantitative techniques involving financial ratios and correlation analysis. The study can be extended to other oil-based economies countries as well.

scholarly journals An Empirical Analysis of Firm Growth and Financial Performance of Selected Firms in Nigeria

2021 ◽  
Vol 4 (3) ◽  
pp. 150-161
Author(s):  
Okechukwu Theresa Ijeoma
Keyword(s):  
Financial Performance ◽  
Firm Growth ◽  
Annual Reports ◽  
Return On Equity ◽  
Beverage Industry ◽  
Ex Post ◽  
Food And Beverage ◽  
Ex Post Facto ◽  
Turn Over ◽  
Retained Earnings

This study empirically investigated on firm indicators and financial performance of food and beverage industry in Nigeria covering the period 2010-2019. In the course of the study, four companies namely Nigeria Breweries Plc, Guinness Nigeria Plc, Cadbury Nigeria Plc and Nestle Nigeria Plc were selected for the study. Panel data regression method was used for the method of data analysis and ex-post facto research design was adopted. Data for the study were extracted from the annual reports of the selected companies. The major findings of the study were that turn-over, retained earnings and total assets has a positive and significant effect on financial performance of the food and beverage companies in Nigeria. It is therefore the recommendation of this study that the management of food and beverage companies in Nigeria should adopt appropriate measures to ensure their turnover is maintained above par since it has effect on return on equity as seen from the findings of the study.

scholarly journals The Determinant of Equity Share Price and the Listed Deposit Money Banks in Nigeria

2019 ◽  
Vol 2 (2) ◽  
pp. 127-142
Author(s):  
Godwin Emmanuel Oyedokun ◽  
Olusegun Adebowale Arotolu ◽  
Harison Vincent
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Least Square ◽  
Share Price ◽  
Annual Reports ◽  
Dividend Payout ◽  
Financial Variables ◽  
Ex Post ◽  
Price Earnings Ratio ◽  
Ex Post Facto

In this study, the researcher examined the financial variables influencing the share price of listed deposit money banks in Nigeria. An ex-post facto research design was employed with the population consisting of all fifteen (15) listed deposit money banks on the Nigeria Stock Exchange (NSE), and a sample of twelve (12) listed deposit money banks on NSE was taken using filter criteria and judgemental sampling techniques. Secondary data used were sourced from the annual reports of the sampled banks and GTI Securities Ltd. for five years period from 2013-2017. Ordinary Least Square (OLS) was used to analyze the data. The results of the multiple regression revealed that the dividend payout ratio and price-earnings ratio have a significant positive relationship with the share price. The results also showed that dividend yield has a significant negative association with share price; the book value per share has no meaningful relationship with the share price. This study recommends that the shareholders in the deposit money banks should be guided by industry financial ratios, especially the profitability measures of price-earnings ratio and dividend payout ratio, as they are critical factors in predicting share price behavior.

scholarly journals LIQUIDITY MANAGEMENT AND FINANCIAL PERFORMANCE OF LISTED OIL AND GAS COMPANIES IN NIGERIA

2021 ◽  
pp. 15-25
Keyword(s):  
Oil And Gas ◽  
Negative Impact ◽  
Secondary Data ◽  
Equity Capital ◽  
Debt Financing ◽  
Annual Reports ◽  
Oil And Gas Firms ◽  
The Impact ◽  
Retained Earnings ◽  
Oil And Gas Sector

The purpose of this paper is to figure out the link between liquidity and profitability, as well as the impact of liquidity on profitability. Ten listed companies with a bigger market share in the oil and gas sector of the Nigerian economy were subjected to a fixed panel regression study. Secondary data was gathered for ten years, from 2011 to 2020, from their published annual reports. Profit after tax (PAT), Return on Asset (ROA), and Return on Equity (ROE) were used to determine profitability (ROE). Internal liquidity variables such as equity, debt, and sales were utilized to determine the behavior of the dependent variable, but external elements such as lending interest rate and exchange rate were employed to further explain profitability behavior. The data were analyzed using a multiple regression approach. The findings reveal that debt has a significant negative impact on companies' profitability. Similarly, equity capital, as well as retained earnings, are more beneficial to firms than the debt financing of the oil and gas sector. The study, therefore, recommends that oil and gas firms should boost their equity capital, improve their revenues, increase their retain earnings, and reduce debt financing to enable them to generate more wealth for shareholders.

scholarly journals Dividend Policy and Share Price Volatility of Nigerian Oil and Gas Industries

2018 ◽  
Vol 6 (1) ◽  
pp. 17-29
Author(s):  
Adamu Idi
Keyword(s):  
Dividend Policy ◽  
Oil And Gas ◽  
Stock Exchange ◽  
Price Volatility ◽  
Secondary Data ◽  
Share Price ◽  
Dividend Payment ◽  
Ex Post ◽  
Ex Post Facto ◽  
A Company

This work aimed at assessing the Effect of dividend policy on share price volatility of downstream sector of Oil and Gas Company in Nigeria. The population of the study comprised all the twelve (12) quoted oil and gas downstream sector on the Nigerian Stock Exchange as o December 2016, it covered the period of 5 years from 2011 to 2015. Four (4) companies were selected as sample due to the availability of data. The study employed ex-post facto research design; secondary data were collected from a sample of the study. The descriptive statistic, diagnostic test, correlation and multiple regressions were employed. The study found that dividend policy affects the share price volatility significantly. This result supports the Gordon Theory of dividend, which asserts that dividend payment is relevant and affects the share price of a company.

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 ANALISIS KEPUTUSAN PENDANAAN TERHADAP STRUKTUR MODAL MELALUI TRADE OFF THEORY

2020 ◽  
Vol 8 (2) ◽  
pp. 143
Author(s):  
Nana Umdiana ◽  
Dyah Lupita Sari
Keyword(s):  
Real Estate ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Annual Reports ◽  
Financial Reports ◽  
Trade Off ◽  
Return On Equity ◽  
Fixed Assets ◽  
Equity Ratio

This study aims to analyze funding decisions on capital structure through trade off theory in property and real estate companies listed on the Indonesia Stock Exchange for the period 2015-2018. Profitability is measured using the return on equity ratio, asset structure is measured by fixed assets ratio and funding decisions are measured by debt. to equity ratio. The population of this research is property and real estate companies listed on the Indonesia Stock Exchange for the period 2015-2018. The data analyzed is secondary data in financial reports or annual reports. The sample selection used purposive sampling method and the sample obtained in this study were 40 data from 10 companies. In this research, the analytical method used is descriptive statistics, classical assumption test, multiple regression analysis and statistical test. The results of the analysis in this study indicate that there is no effect of profitability on funding decisions, there is an effect of asset structure on funding decisions. This shows that the asset structure influences the company's decision making in funding.

scholarly journals Pengaruh Analisis Faktor Fundamental Terhadap Return Saham

2011 ◽  
Vol 2 (2) ◽  
pp. 85
Author(s):  
Perwito Perwito
Keyword(s):  
Time Series ◽  
Cross Sectional ◽  
Dividend Payout ◽  
Data Pooling ◽  
Return On Equity ◽  
Book Value ◽  
Times Series ◽  
Ex Post ◽  
Ratio Size ◽  
Ex Post Facto

Krisis yang terjadi pada tahun 2008 sangat mempengaruhi kinerja perusahaan-perusahaan yang terdaftar di Bursa Efek Indonesia, hal ini terlihat dengan menurunnya harga saham. Menurunnya harga saham tersebut tentunya akan berimplikasi pada return yang didapatkan oleh investor. Penelitian mengkaji dan menganalisis faktor-faktor fundamental terhadap return saham. Jenis dan sifat penelitian ini adalah ex post facto dan survey explanatory, adapun metode penelitian yang digunakan adalah metode yang bersifat deskriptif, komparatif, asosiatif, dan juga verifikatif. Variabel yang dianalisis terdiri dari; Variabel terikat (Y), dalam hal ini adalah return saham, sedangkan variabel bebas yang terdiri dari return on equity (ROE), earning per share (EPS), price earning ratio (PER), price book value (PBV), dan tingkat suku bunga. Populasi dalam penelitian ini terdiri dari perusahaan kelompok Industri Barang Konsumsi dan Keuangan yang terdaftar di Bursa Efek Indonesia periode 2002 s.d 2009 yang terdiri dari 31 perusahaan untuk kelompok industri barang konsumsi, dan 44 perusahaan pada kelompok keuangan. Data yang dianalisis merupakan gabungan antara data time series dan cross sectional, atau biasa disebut data pooling atau pooled times series, dengan 429 data sampel penelitian. Hasil penelitian menunjukkan, pertama; terdapat perbedaan return saham antara kelompok Industri Barang Konsumsi dan Keuangan, rata-rata total return saham yang dihasilkan oleh kelompok Keuangan relatif lebih besar jika dibandingkan dengan rata-rata return saham dari kelompok Industri Barang Konsumsi, hal tersebut mengindikasikan bahwa masing-masing kelompok industri memiliki return dan pertumbuhan yang berbeda-beda. Kedua; hasil penelitian ini menjelaskan bahwa nilai r sebesar 0,387 dan R² sebesar 0,1498, hal ini berarti pengaruh faktor fundamental terhadap return saham sebesar 14,98%, dan sisanya sebesar 85,02% dipengaruhi oleh faktor lain yang tidak dijelaskan dalam penelitian ini seperti return on asset, dividend dan dividend payout ratio, size, serta beta fundamental. Sehingga dapat disimpulkan secara simultan atau secara bersama-sama bahwa analisis faktor fundamental dapat digunakan untuk memprediksikan return saham pada perusahaan kelompok Industri Barang Konsumsi dan Keuangan. Sedangkan secara parsial hanya EPS berkontribusi paling kuat yakni 9,12%.

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