1 Department of Accounting, Salem University, Lokoja, Nigeria.
2 Department of Accounting, Confluence University of Science and Technology, Osara, Nigeria.
3 Department of Business Administration, Miva Open University, Nigeria.
4 Department of Business Administration, Delta State University, Abraka, Delta State, Nigeria.
World Journal of Advanced Research and Reviews, 2025, 26(01), 763-771
Article DOI: 10.30574/wjarr.2025.26.1.1026
Received on 23 February 2025; revised on 31 March 2025; accepted on 02 April 2025
This paper examines the effect of other non-current assets on the performance of the listed consumer goods firms in Nigeria as measured by return on assets (ROA). An ex post facto research design was employed, and the data collected were from the audited annual reports of 17 firms from 2011 to 2020, using multiple regression through STATA software. This study reveals that additional investment in the building, plant and machinery leads to positive and significant changes in ROA when compared to furniture and equipment, which reduce ROA. Contrarily, leasehold land, and motor vehicles had an insignificant effect. Consequently, the research concluded that the actual building, plant and machinery should be given preference, while the furniture and equipment should be managed well to prevent cutting down on the profitability level.
Buildings; Furniture and equipment; Motor vehicles; Plant and machinery; Return on assets
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Gboyega Olopade, Gbenga Ayodele Adebayo, Nash Fom Joseph, Kaneng Zi Bot, Doris Ma’aji Pada and Fidel Chukwuemeke Ojugbeli. Effect of non-current assets on the performance of consumer goods firms listed in Nigeria. World Journal of Advanced Research and Reviews, 2025, 26(01), 763-771. Article DOI: https://doi.org/10.30574/wjarr.2025.26.1.1026.
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