Financial performance measurement with the use of financial ratios: case of Mongolian companies

Bayaraa, Batchimeg

doi:10.21791/ijems.2017.3.3.

Cited by 4 publications

(3 citation statements)

References 4 publications

(9 reference statements)

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“…In an aggressive marketplace, a firm needs to determine how to attain an acceptable level of productivity, which comprises of defining which parts of monetary policies are functioning and which ones require upgrading (Babalola, 2015). Financial performance measures the extent of achievements by organizations, which could reflect a good result for certain periods and otherwise for other periods (Batchimeg, 2017). One of the main aim for measuring the achievements of organizations is to obtain useful information related to flow of fund, the use of fund, effectiveness and efficiency in the utilization of the funds.…”

Section: Financial Performancementioning

confidence: 99%

Effect of Internal Control System on Financial Performance of Some Selected Consumer Goods Firms in Nigeria

2024

IJPREMS

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This study focuses on the effect of internal control system on financial performance of some selected goods firms in Nigeria. The methodology of the study is based on survey research approach. The statistical data used for the study were obtained by distribution of fifty (50) questionnaires among selected employees, of the consumer goods firms considered in this research work. These respondent were selected using simple ramdom sampling method, the data obtained from the questionnaire were analyzed using multiple regression statistical tools in SPSS (Statistical packages for social sciences.). The result of the analysis shows that internal control system and risk management has significant positive effect on financial performance of organization, and this was because the P-value obtained (0.000) and (0.010) respectively. The study concludes that effective internal control system and risk management will significantly improve financial performance of firms by helping the organization towards effective and efficient utilization of resource (both financial and non-financial) at their disposal. Based on this result, the study recommends that management of Nigerian companies should develop policies aimed at improving internal control systems.

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Section: Financial Performancementioning

confidence: 99%

Effect of Internal Control System on Financial Performance of Some Selected Consumer Goods Firms in Nigeria

2024

IJPREMS

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“…It is a subjective measure of how well a firm utilizes its assets to generate revenues from ordinary business activities (Aliyu, Musa, & Zacharia, 2015). This measure also provides an overall assessment of a firm's financial health and is used for comparing similar firms within or across industries using ratio analysis (Batagi, 2015). Evaluating a firm's performance is essential for determining its viability (Bessong, Effiok, & Edet, 2012).…”

Section: Operational Performancementioning

confidence: 99%

Corporate Overheads and Operational Performance of Brewing Firms in Nigeria

Eze,

Inyiama,

Ezugwu

2023

IJBMR

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The study examined the effect of corporate overheard on the operational performance of firms in the Brewing Industry in Nigeria. The specific objectives of the study were to ascertain the effect of sales and marketing expenses, administrative expenses, and company income tax expenses on earnings per share of breweries in Nigeria. The study adopted an ex-post-facto research design, covering the period between 2015 and 2022. Secondary data were extracted from the annual reports and accounts of sampled breweries in Nigeria. Multiple regression techniques were used for test of hypotheses. The findings of the study indicate that sales and marketing expenses, administrative expenses, and company income tax expenses do not have a statistically significant effect on the earnings per share of breweries in Nigeria. These non-significant relationships suggest that variations in these expenses do not significantly impact the profitability and financial performance of breweries in terms of their earnings per share. These findings highlight the need for further exploration of other factors that may influence profitability in the brewing industry in Nigeria. The study therefore conclude that corporate overheads does not significantly affect operational performance of breweries in Nigeria. The implication of the finding is that there is a need for breweries in Nigeria to consider a broader range of factors beyond the studied expenses to enhance their profitability and operational performance. The study, therefore, recommends that breweries should consider incorporating additional financial performance indicators, such as return on assets, return on equity, and gross profit margin, to gain a comprehensive understanding of their financial performance and identify areas for improvement. In addition to financial indicators, breweries should focus on non-financial factors like product quality, customer satisfaction, brand reputation, and market share, as these can significantly impact profitability and overall competitiveness. Breweries should analyze all aspects of the value chain, including production, distribution, procurement, and overhead costs, to identify opportunities for cost optimization. Managing cost drivers effectively can improve cost efficiency and enhance financial performance.

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“…Net Profit Margin: It is also important to observe net profit margin as a healthy figure would usually mean that the business would be sustainable in the long-run. Studies that have used net profit margin in their analysis include Lim, Oh and Zhu (2014), Batchimeg (2017) and Novickyt˙ and Droždz (2018).…”

Section: Jiafr | 166mentioning

confidence: 99%

Optimization of solvency margin in family Takaful and Life Insurance Institutions in Malaysia: Application of Data Envelopment Analysis

Musa

Alhabshi

Haron

2022

JIAFR

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Purpose - The purpose of this paper is to present the findings of the study on optimizing solvency margin in family Takaful and life insurance institutions in Malaysia.Method - The population of this study is family Takaful and life Insurance Institutions in Malaysia during the period 2010 - 2019. The selection of samples in this study uses the purposive sampling method and selected 11 family Takaful and 14 life Insurance Institutions. The data were analyzed using Data Envelopment Analysis. Result - The results showed that for from 2010 to 2019, the family Takaful operators’ efficiencies are improving, whilst the life insurers have become less efficient even though their efficiency score is higher than the family Takaful operators. In terms of the optimum size (i.e., scale), the results are reversed which means that the family Takaful operators are still not at the optimum size but once they reach there, they could improve their efficiency substantially. However, for both family Takaful operators and life insurers, 2019 seems to dip their efficiency in terms of pure technical and also scale.Implication - The results of this research open a new way of measuring the efficiency of family takaful and life insurance not only in Malaysia but can be generalized to measure the efficiency level of family takaful and life insurance in general.Originality - This research is the first study that used the combination of inputs and outputs specifically for the family Takaful and life insurance institutions in Malaysia.

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Financial performance measurement with the use of financial ratios: case of Mongolian companies

Cited by 4 publications

References 4 publications

Effect of Internal Control System on Financial Performance of Some Selected Consumer Goods Firms in Nigeria

Effect of Internal Control System on Financial Performance of Some Selected Consumer Goods Firms in Nigeria

Corporate Overheads and Operational Performance of Brewing Firms in Nigeria

Optimization of solvency margin in family Takaful and Life Insurance Institutions in Malaysia: Application of Data Envelopment Analysis

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