The Effect Of Non-Current Assets On Profitability Of Selected Deposit Money Banks In Nigeria
ABSTRACT
This study examined the effect of non-current assets in the profitability of selected deposit money banks in Nigeria using cross sectional data from 2016-2020.The study used turnover, profit after tax and return on assets as the functions of non-current assets. Using judgmental sampling method, ten deposit money banks were used as sample size. This study used quasi-experimental research approach for its data analysis. Multiple regressions with econometrics view software were used as data analyses techniques. In relation to the objective of the study, findings revealed that there is a strong, positive and significant relationship between non-current assets and the profitability of deposit money banks in Nigeria. It was therefore recommended, among others, that banks should encourage the adequate management of non-current assets to enhance speedy production that could bring about reduction in production cost and increase profitability and by extension, the financial performance of organizations.