The Performance of the Quoted Agro-Allied Industries in Nigeria

Abstract

This study examined the performance of quoted agro-allied firms in Lagos state. The performance indicators analysed were liquidity, solvency, profitability and efficiency of the firms. Data from 12 out of 14 quoted agro-allied firms in Nigeria which are based in Lagos state were collected and analysed. Descriptive statistics like bar charts and tables were used to present the results which showed the average liquidity, solvency, profitability and efficiency performance ratios of the firms were 75%, 25%, 17% and 92% respectively. The implication of this is that only 75% of the firms were able to meet their day – to – day obligations, 25% were able to pay their liabilities in the event of business failure, 17% made profit per naira invested and attracted investors to themselves while 92% made allocated the use of production resources efficiently.