EXAMINING THE CORRELATION BETWEEN BREWERY COMPANY SIZE AND FINANCIAL PERFORMANCE IN NIGERIA

Abstract

The brewery industry, characterized by complex production processes and heavy fixed asset requirements, presents a unique accounting system known as process cost accounting. This system plays a pivotal role in assessing the financial performance of companies within the industry. However, despite their shared industry and external environment, individual firms exhibit varying financial performances due to a range of internal factors. These factors include firm size, age, debt ratio, quick ratio, inventory level, sales growth, physical capital intensity, and capital turnover. This study delves into the influence of these internal factors on firm performance within the brewery industry. Understanding these dynamics is crucial for brewers to optimize their financial standing in an industry where competitiveness is paramount