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An Examination of the Factors that Determine the Profitability of the Nigerian Beer Brewery Firms

Author

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  • Okwo Ifeoma Mary
  • Ugwunta David Okelue
  • Agu Sylvia Uchenna

Abstract

This paper examines the internal factors that determine the profitability of the beer brewery firms in Nigeria. An OLS in the form of multiple regressions were applied to annual data generated from the annual statements and accounts of the sampled beer brewery firms covering a period of 2000 to 2011. The correlation and regression results identified the ratios of inventory to cost of goods sold; account receivables to sales; and sales and general administrative expenses to sales to have statistically significant impact on gross profit margin. The paper concludes that the above identified independent variables are the internal factors that determine the profitability of beer brewery firms in Nigeria.

Suggested Citation

  • Okwo Ifeoma Mary & Ugwunta David Okelue & Agu Sylvia Uchenna, 2012. "An Examination of the Factors that Determine the Profitability of the Nigerian Beer Brewery Firms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(7), pages 741-750.
    • Handle: RePEc:asi:aeafrj:v:2:y:2012:i:7:p:741-750:id:928
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    Cited by:

    1. Mehmet Kayakus & Burçin Tutcu & Mustafa Terzioglu & Hasan Talaş & Güler Ferhan Ünal Uyar, 2023. "ROA and ROE Forecasting in Iron and Steel Industry Using Machine Learning Techniques for Sustainable Profitability," Sustainability, MDPI, vol. 15(9), pages 1-14, April.

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