THE EFFICIENCY OF FINANCIAL RATIO ANALYSIS AS A MEANS OF EVALUATING COMPANY PERFORMANCE
Abstract
ABSTRACT
This study tilled "Efficiency of financial ratio analysis as a means of evaluating company's performance: a case study of United Bank Africa (UBA) Bank Nigeria. The main objective was to evaluate the efficiency of UBA Bank in Nigeria with respect to liquidity; profitability; credit risk and solving and efficiency for the period of 2014-2018. This study found that all result of profitability measures that the company needs to improve and perform better in making more profits in order to satisfy their shareholders in offering better returns, making goods return on customer deposits and also managing their operating expenses. In year 2018 and 2019, the profitability on return on asset and return on equity started to decrease. Besides an overall analysis of all liquidity , efficiency and risk and solvency measures reveals that UBA bank was average in liquidity, efficient in asset utilization , income generations and managing its expenses and high risk and less solvent in the bank. However, the result also shows that UBA bank is improving overtime, considerable in liquidity and credit risk and solvency ratios while pro/liability and efficiency ratios measures are unfavorable during the period of 2017 and 2018 under the study.
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