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

Appah, E; Onowu, J U; Tonye, Y

doi:10.52589/ajafr-6nhpayuo

Cited by 3 publications

(3 citation statements)

References 6 publications

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“…The effect of liquidity on profitability has been proven, hence, H1 is accepted. This result contradicts Ebimobowei et al (2021) and P. G. that liquidity has a positive effect on profitability. Therefore, current assets in the ability to meet liabilities affect profitability in asset use.…”

Section: Methodscontrasting

confidence: 60%

“…Therefore, the company can repay short-term debts from trading activities when liquidity is assured to maintain supply chain management activities. Ebimobowei et al (2021) and P. G. stated that liquidity positively affected profitability. Based on logical thinking and previous studies, the first hypothesis is as follows: H1: Liquidity has a positive effect on profitability.…”

Section: Literature Reviewmentioning

confidence: 99%

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Faktor-Faktor Penentu Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Atmaja,

Usman

2023

IDEB

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Penelitian ini bertujuan untuk menginvestigasi pengaruh likuiditas, aset tak berwujud, modal kerja, leverage, ukuran perusahaan, dan efisiensi terhadap profitabilitas perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (IDX). Dalam konteks ini, digunakan metode pengambilan sampel purposif untuk mendapatkan 74 perusahaan manufaktur yang terdaftar dari tahun 2017 hingga 2021 berdasarkan kriteria yang ditentukan. Kriteria pemilihan sampel mencakup perusahaan manufaktur yang terdaftar di IDX, mewakili beragam sektor, termasuk industri dasar dan kimia, industri barang konsumsi, dan aneka industri. Pemilihan terbatas pada perusahaan yang tidak sedang dalam proses delisting dan initial public offering selama periode penelitian untuk memastikan struktur data panel yang seimbang, dan laporan keuangan perusahaan-perusahaan ini harus memenuhi semua kriteria untuk setiap variabel yang bersangkutan. Selain itu, instrumen analisis statistik yang digunakan adalah regresi data panel dengan efek acak sebagai model ekonometrik terbaik yang terpilih. Hasil penelitian menunjukkan bahwa likuiditas, modal kerja, leverage, ukuran perusahaan, dan efisiensi berpengaruh positif terhadap profitabilitas. Prediktor aset tak berwujud tidak berpengaruh signifikan terhadap profitabilitas. Sementara itu, penelitian ini diharapkan dapat memberikan kontribusi dalam bentuk implikasi manajerial untuk mempertimbangkan likuiditas, modal kerja, leverage, ukuran perusahaan, dan efisiensi dalam meningkatkan profitabilitas perusahaan sektor industri manufaktur.

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Section: Methodscontrasting

confidence: 60%

Section: Literature Reviewmentioning

confidence: 99%

Faktor-Faktor Penentu Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Atmaja,

Usman

2023

IDEB

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“…Acid test ratios also balance the tension between the pursuit of profit and the need for money. Appah, Onowu, and Tonye (2021) investigated the impact of profitability ratios and acid test ratios on the expansion of profits at listed oil and gas companies in Nigeria. Data for the study was taken from the annual reports of sample companies for the years 2014 through 2019 and was gathered using an ex-post facto and correlational design.…”

Section: Stratford Peer Reviewed Journals and Book Publishing Journal...mentioning

confidence: 99%

Quick Ratio and Financial Performance of Agricultural Firms Listed at the Nairobi Securities Exchange, Kenya

Odendo

2023

JOE

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The study was informed by the continuous decline in financial performance of the Agricultural firms listed at the Nairobi Securities Exchange, Kenya. The study emanates from the Doctoral dissertation of the first author in which the co-authors served as supervisors. A census approach was adopted where secondary data from audited annual financial reports of all the six Agricultural firms listed at the Nairobi Securities exchange, Kenya was used, covering the period 2015 to 2022. Descriptive analysis and panel regression analysis were applied. Based on the outcome of the panel regression analysis, the study established that quick ratio has significant effect on financial performance of the Agricultural firms listed at the Nairobi Securities Exchange, Kenya. The study established that quick ratio has significant effect on financial performance of the Agricultural firms listed at the Nairobi Securities Exchange, Kenya. The study further recommends that holding of quick assets should be done with caution by firms. Holding of quick assets should be done in view of underlying short-term liabilities since excessive levels lead to declining financial performance. Keywords: Quick Ratio, Financial Performance, Trade-Off Theory and Dividend Signaling Theory

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"The impact of liquidity management on profitability: empirical study on retail companies in Romania "

MAXIM¹

2023

ISF

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"Companies operate in markets that are always changing. The business climate is marked by a number of changes, including rapidly growing markets, financial crisis, technical progress, competition and innovation. This research paper measures the impact of liquidity on profitability, represented by the rate of return on capital employed (ROCE) for companies in the retail trade industry in Romania. The independent variable liquidity conversion cycle was also taken into account in the research, the result of the regression applied to the panel data referring to the analyzed period of 9 years, 2013-2021, showing that among the independent variables, the current liquidity rate, the cycle liquidity conversion, total assets and dependent variable ROCE, there are significant and negative relationships. Also, between the independent variables the immediate liquidity rate, the turnover and the dependent variable ROCE, there is a significant but positive relationship, the conclusion being that paying more attention to the cash conversion cycle but also to the current liquidity rate, can cause a increase in the profitability of companies in the Romanian retail industry. "

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

Cited by 3 publications

References 6 publications

Faktor-Faktor Penentu Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Faktor-Faktor Penentu Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Quick Ratio and Financial Performance of Agricultural Firms Listed at the Nairobi Securities Exchange, Kenya

"The impact of liquidity management on profitability: empirical study on retail companies in Romania "

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