INVENTORY MANAGEMENT TECHNIQUES AND FINANCIAL PERFORMANCE OF LISTED OIL AND GAS COMPANIES IN NIGERIA
This study investigated the effect of inventory management techniques on financial performance of listed Oil and Gas Companies in Nigeria. The specific objectives were to: ascertain the effect of inventory turnover on return on assets, determine the effect of inventory conversion period on return on assets, two research questions and two hypotheses guided the study. The study conceptual framework guided the review of related literature. The Researcher used ex-post facto research design. Targeted population comprised of ten listed Oil and Gas Companies in Nigeria which were sampled to eight (8) using purposive Judgmental sampling technique. Secondary data were used and it was sourced from annual reports and statement of accounts of the selected companies between 2014 and 2022. Descriptive statistics and ordinary least Square regression were employed. The result of the study showed that there is a significant effect of inventory turnover on return on assets, there is an insignificant effect of inventory conversion period on return on assets. The study generally concluded that, there is a positive and insignificant effect of inventory management techniques on financial performance of listed Oil and Gas Companies in Nigeria under the period of study between 2014 and 2022. It was recommended amongst others that Oil and Gas Companies should develop a policy framework to determine inventory turnover against it return on assets. This is because the study affirmed that inventory turnover has positive and significant effect on return on assets.