Effect of non-current assets on the performance of consumer goods firms listed in Nigeria

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.