Profitability Analysis of Sachet Table Water Production in Gombe South Senetorial Zone, Gombe State, Nigeria

K. Hamidu, I. Mohammed, U. K. Iroegbute, M. E. Ahmad and A. Hassan
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K. Hamidu: Department of Agricultural Economics and Extension, Faculty of Agriculture, Federal University Kashere, P.M.B 0182, Gombe State – Nigeria.
I. Mohammed: Department of Agricultural Economics and Extension, Faculty of Agriculture and Agricultural Technology, Abubakar Tafawa Balewa University Bauchi, Bauchi State- Nigeria
U. K. Iroegbute: Department of Agricultural Economics and Extension, Faculty of Agriculture, Federal University Kashere, P.M.B 0182, Gombe State – Nigeria.
M. E. Ahmad: Department of Agricultural Economics and Extension, Faculty of Agriculture, Federal University Kashere, P.M.B 0182, Gombe State – Nigeria.
A. Hassan: Department of Agricultural Economics and Extension, Faculty of Agriculture, Federal University Kashere, P.M.B 0182, Gombe State – Nigeria.

International Journal of Research and Innovation in Social Science, 2021, vol. 5, issue 4, 09-12

Abstract: This study examined the profitability analysis of sachet table water production in Gombe South senatorial zone, Gombe state, Nigeria. Multistage sampling technique was used. Gombe South sachet table water production enterprises were purposively selected. In the study area 15 production enterprises were selected. The data were analyzed using enterprise budget model to analyze the gross margin, profit, gross ratio, operating ratio, fixed ratio, return per naira invested, the ratio of gross margin to fixed cost and ratio of gross margin to variable cost. Gross margin of N519,151,357, profit of N 516,398,522, gross ratio of 0.0106, operating ratio of 0.0053, fixed ratio of 0.0052, return per capital invested of 94.04, ratio of gross margin to fixed cost of 188.58 and ratio of gross margin to variable cost of 185.58 was released. The citizens of Gombe South senatorial zone should engage in sachet table water production because it is a profitable venture.

Date: 2021
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