Credit Impact on Profitability and Marketing Efficiency of Sawn Wood Marketers

Theophilus Miebi Gbıgbı; Oghenekevwe Abigail Ohwo

Article Details

Credit Impact on Profitability and Marketing Efficiency of Sawn Wood Marketers

Authors:

Theophilus Miebi Gbıgbı | Oghenekevwe Abigail Ohwo

Publisher:

Kastamonu University

Main Topics:

Ahşap Fiziği ve Mekaniği

Journal:

Kastamonu Üniversitesi Orman Fakültesi Dergisi Vol.24 Issue 2, pp.168-181

Document Type:

Article

Publication Date:

3/2024

Document Language:

English

Document ID (Org No.):

2001328443

pISSN:

1303-2399

Keywords:

Abstract:

 Aim of study: Credit impact on profitability and marketing efficiency of sawn wood marketers was examined. Area of study: Ndokwa West Local Government Area, Delta State. Material and methods: 120 respondents were obtained using multistage sampling technique and interviewed with structured questionnaires. Data were analyzed using descriptive statistics and profitability model. Main results: Respondents were male 70.0 with 50 years average age. Sizes of sawn wood sold varied 4x12, 1x12, 2x3, 2x2. The 2x4 16.8 and 2x2 14.8 sawn wood were most sold. Purchase price 1306.5 and selling price 1503.3k of 4x12 was higher than other sawn wood sizes. Total cost, revenue, net profit, benefit cost ratio and market efficiency of sawn wood business were 456604.20, 845843.30, 389239.20, 2.17 and 85.7 respectively. Credit had significant improvement on profitability 69.6 with z-value of 0.00000127 P0.05. Producers 93.3 who sell directly 56.0 to consumers dominated sawn wood market and market channel. Market conduct shows prices are fixed by wood union. Sawn wood marketing overall constraints index was 67.0 with insufficient finance Ẋ3.43 and transportation costs Ẋ3.13 highest. Research highlihts: With access to credit, profitability index of sawn wood marketers will greatly increase. Intervention with soft loans could help expand sawn wood business.

 Aim of study: Credit impact on profitability and marketing efficiency of sawn wood marketers was examined. Area of study: Ndokwa West Local Government Area, Delta State. Material and methods: 120 respondents were obtained using multistage sampling technique and interviewed with structured questionnaires. Data were analyzed using descriptive statistics and profitability model. Main results: Respondents were male 70.0 with 50 years average age. Sizes of sawn wood sold varied 4x12, 1x12, 2x3, 2x2. The 2x4 16.8 and 2x2 14.8 sawn wood were most sold. Purchase price 1306.5 and selling price 1503.3k of 4x12 was higher than other sawn wood sizes. Total cost, revenue, net profit, benefit cost ratio and market efficiency of sawn wood business were 456604.20, 845843.30, 389239.20, 2.17 and 85.7 respectively. Credit had significant improvement on profitability 69.6 with z-value of 0.00000127 P0.05. Producers 93.3 who sell directly 56.0 to consumers dominated sawn wood market and market channel. Market conduct shows prices are fixed by wood union. Sawn wood marketing overall constraints index was 67.0 with insufficient finance Ẋ3.43 and transportation costs Ẋ3.13 highest. Research highlihts: With access to credit, profitability index of sawn wood marketers will greatly increase. Intervention with soft loans could help expand sawn wood business.

 Aim of study: Credit impact on profitability and marketing efficiency of sawn wood marketers was examined. Area of study: Ndokwa West Local Government Area, Delta State. Material and methods: 120 respondents were obtained using multistage sampling technique and interviewed with structured questionnaires. Data were analyzed using descriptive statistics and profitability model. Main results: Respondents were male 70.0 with 50 years average age. Sizes of sawn wood sold varied 4x12, 1x12, 2x3, 2x2. The 2x4 16.8 and 2x2 14.8 sawn wood were most sold. Purchase price 1306.5 and selling price 1503.3k of 4x12 was higher than other sawn wood sizes. Total cost, revenue, net profit, benefit cost ratio and market efficiency of sawn wood business were 456604.20, 845843.30, 389239.20, 2.17 and 85.7 respectively. Credit had significant improvement on profitability 69.6 with z-value of 0.00000127 P0.05. Producers 93.3 who sell directly 56.0 to consumers dominated sawn wood market and market channel. Market conduct shows prices are fixed by wood union. Sawn wood marketing overall constraints index was 67.0 with insufficient finance Ẋ3.43 and transportation costs Ẋ3.13 highest. Research highlihts: With access to credit, profitability index of sawn wood marketers will greatly increase. Intervention with soft loans could help expand sawn wood business.

 Çalışmanın amacı: Biçilmiş ahşap malzeme pazarlamacılarının karlılığı ve pazarlama verimliliği üzerinde kredi etkisi incelenmiştir. Çalışma alanı: Ndokwa Batı Yerel Yönetim Alanı, Delta Eyaleti. Materyal ve yöntem: Çok aşamalı örnekleme tekniği kullanılarak 120 katılımcı elde edilmiş ve yapılandırılmış anketlerle görüşmeler yapılmıştır. Veriler, tanımlayıcı istatistikler ve karlılık modeli kullanılarak analiz edilmiştir. Temel sonuçlar: Katılımcılar yaş ortalaması 50 olan erkeklerdir 70. Satılan biçilmiş ahşap malzemenin boyutları farklılık göstermektedir 4x12, 1x12, 2x3, 2x2. En çok satılanlar 2x4 16.8 ve 2x2 14.8 kesilmiş ahşaplardır. 4x12nin alış fiyatı 1306.5 ve satış fiyatı 1503.3 diğer biçilmiş ahşap ebatlarından daha yüksektir. Biçilmiş ahşap malzeme işinin toplam maliyeti 456604.20, geliri 845843.30, net kârı 389239.20, fayda maliyet oranı 2.17 ve piyasa verimliliği 85.7tir. Kredinin, 0.00000127 z değeriyle P0.05 karlılık üzerinde önemli bir iyileşme 69,6 sağladığı görülmüştür. Tüketicilere doğrudan 56.0 satış yapan üreticiler 93.3 kesilmiş ağaç pazarına ve pazar kanalına hakimdir. Piyasa davranışı, fiyatların ahşap birliği ile sabitlendiğini göstermektedir. Biçilmiş ahşap malzemenin pazarlama genel kısıtlama endeksi 67.0 olup, en yüksek yetersiz finansman Ẋ3.43 ve nakliye maliyetleri Ẋ3.13 olmuştur. Araştırma vurguları: Krediye erişim sayesinde, biçilmiş ağaç malzemepazarlamacılarının karlılık endeksi büyük ölçüde artacaktır. Uygun kredilerle müdahale, biçilmiş ahşap malzeme sektörünün genişletilmesine yardımcı olabilir.

Article Details

Credit Impact on Profitability and Marketing Efficiency of Sawn Wood Marketers

Authors:

Theophilus Miebi Gbıgbı | Oghenekevwe Abigail Ohwo

Publisher:

Kastamonu University

Main Topics:

Ahşap Fiziği ve Mekaniği

Journal:

Kastamonu Üniversitesi Orman Fakültesi Dergisi Vol.24 Issue 2, pp.168-181

Document Type:

Article

Publication Date:

3/2024

Document Language:

English

Document ID (Org No.):

2001328443

pISSN:

1303-2399

Profitability

Marketing

Efficiency

Sawn Wood

MarketersKarlılık

Pazarlama

Verimlilik

Biçilmiş Ahşap

Pazarlamacılar

Issues

Article Details

Authors: Theophilus Miebi Gbıgbı | Oghenekevwe Abigail Ohwo

Publisher: Kastamonu University

Main Topics: Ahşap Fiziği ve Mekaniği

Journal: Kastamonu Üniversitesi Orman Fakültesi Dergisi Vol.24 Issue 2, pp.168-181

Document Type: Article

Publication Date: 3/2024

Document Language: English

Document ID (Org No.): 2001328443

pISSN: 1303-2399

Issues

Authors:

Theophilus Miebi Gbıgbı | Oghenekevwe Abigail Ohwo

Publisher:

Kastamonu University

Main Topics:

Ahşap Fiziği ve Mekaniği

Journal:

Kastamonu Üniversitesi Orman Fakültesi Dergisi Vol.24 Issue 2, pp.168-181

Document Type:

Article

Publication Date:

3/2024

Document Language:

English

Document ID (Org No.):

2001328443

pISSN:

1303-2399