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Profitability Analysis of Sachet Table Water Production in Gombe North Senatorial Zone, Gombe State, Nigeria

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  • Hamidu, K

    (Department of Agricultural Economics and Extension, Faculty of Agriculture, Federal University Kashere, Gombe State – Nigeria)

  • Mohammed, I.

    (Department of Agricultural Economics and Extension, Faculty of Agriculture and Agricultural Technology, Abubakar Tafawa Balewa University Bauchi, Bauchi State- Nigeria.)

  • Danwanka H.A.

    (Department of Agricultural Economics and Extension, Faculty of Agriculture and Agricultural Technology, Abubakar Tafawa Balewa University Bauchi, Bauchi State- Nigeria.)

  • Mohammed, R.

    (Department of Agricultural Economics and Extension, Faculty of Agriculture and Agricultural Technology, Abubakar Tafawa Balewa University Bauchi, Bauchi State- Nigeria.)

  • Saleh, A

    (Department of Agricultural Economics and Extension, Faculty of Agriculture, Federal University Kashere, Gombe State – Nigeria)

Abstract

The study examined the profitability analysis of sachet table water production in Gombe North senatorial zone, Gombe state, Nigeria. Multistage sampling technique was used. Gombe North sachet table water production enterprises were purposively selected. In the study area 45 production enterprises were selected. The data were analyzed using enterprise budget model to analyze the gross margin, profit, gross ratio, operating ratio, fixed ratio, ratio of gross margin to variable cost, ratio of gross margin to fixed cost and return per naira invested. Gross margin of N288,263,926.00, profit ofN 286,642,401.00, gross ratio of 0.0111, operating ratio of 0.0056, fixed ratio of 0.0056, ratio of gross margin to variable cost of 178.69, ratio of gross margin to fixed cost of 177.77 and return per capital invested of 89.63 were released. Sachet table water production was a profitable venture. The citizens of Gombe North senatorial zone should engage in sachet table water production in order to increase their standard of living.

Suggested Citation

  • Hamidu, K & Mohammed, I. & Danwanka H.A. & Mohammed, R. & Saleh, A, 2020. "Profitability Analysis of Sachet Table Water Production in Gombe North Senatorial Zone, Gombe State, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(12), pages 481-484, December.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:12:p:481-484
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