Non-Current Asset and Financial Performance of Listed Deposit Money Banks in Nigeria

This study examined the relationship between non-current asset and financial performance of listed deposit money banks in Nigeria. The ex post facto research design was adopted for the study with a population of thirteen (13) listed deposit money banks as listed by the Nigerian Exchange Group in 2022. The entire population was used as the sample size of the study using the census approach. Data were retrieved from the annual reports of the selected construction and real estate companies for the period 2017 to 2021. Multiple regression analysis was used to analysed the data gathered with the aid of Stata12 statistical software. The study revealed a negative and insignificant relationship between property, plant and equipment and return on assets of listed deposit money banks in Nigeria. Also, it revealed a positive but insignificant relationship between property, plant and equipment and return on equity of listed deposit money banks in Nigeria. The study recommended that deposit money banks should increase the allocation of resources towards long term investments and funds, and utilize available resources in terms of the Property, Plant and Equipment effectively. Also, Property, Plant and Equipment utilization and productivity needs to be monitored to boost financial performance for shareholders’ satisfaction.