Operational Resources Management and Profitability of Maritime Logistics Firms in Nigeria

                @article{CRSIJ26000311,
                  author = {Eteyen Sunday IKPONG, Aniefiok Usoro UKPANAH, Owoidoho Sunday UDOH},
                  title = {Operational Resources Management and Profitability of Maritime Logistics Firms in Nigeria},
                  journal = {Cosmo Research and Science International Journal},
                  year = {2026},
                  volume = {2},
                  number = {1},
                  pages = {706-719},
                  issn = {3108-1584},
                  url = {https://cosmorsij.com/published/CRSIJ26000311.pdf},
                  abstract = {The aim of this study was to determine how profitable Maritime Logistics Firms operating in Nigeria were with the managing of their operational resources for the period 2016 to 2025 (10 years). The dependent variable was Profitability proxies with Operating Cash Flow while Operational Resources Management was independent variable and were expressed with Accounts Receivable Period, Inventory Holding Period, Accounts Payable Period, Cash Conversion Cycle and Liquidity Ratios. Data for the work were accessed from published financial statements of the companies for the period. Multiple linear regression technique was used to analyse the sourced data. The study showed that none of the independent variables had significant influence on profitability of the firms. One striking observation from the data collected showed that Accounts Receivable Period ranged from 1.8 to 1,489 days, Inventory Holding Period 2.8 to 8,785 days, Accounts Payable Period 9.53 to 2,440 days, Cash Conversion Cycle 4.05 to 6,366 days and Liquidity Ratios 1.17 to 20.91. All these data signalled severe financial, operational, or strategic distresses or abnormalities because in reality, it is difficult to believe that it should take a company between 4 to 24 years to get through with each of these variables. The anomalies are too pronounced and odd rather than indicate actual business performances. From the study, Corporate Managers should watch very closely their Accounts Receivable Periods, Inventory Holding Periods, Accounts Payable Period, Cash Conversion Cycle as well as their Liquidity Ratios, if they intend to remain in business and be profitable.},
                  keywords = {Operational Resources Management, Accounts Receivable Period, Inventory Holding Period, Accounts Payable Period},
                  month = {July}
        }