The aim of this study was to determine how efficient the conglomerate companies were in their supply chain for the period 2016 to 2025. The dependent variable was Manufactured Capital which encompasses the machinery, tools, infrastructure, and technology used in the production and distribution of goods while Supply Chain Efficiency was independent variable and were expressed with Inventory Turnover Ratio, Turnover Growth Ratio and Asset Turnover Ratio. Data for the work were accessed from published financial statements of the companies in Nigeria for the period 2016 to 2025 (10 years). Multiple linear regression technique was used to analyse the sourced data. Major findings of the study were that Inventory Turnover Ratio had negative relationship with Manufactured Capital of the firms; Turnover Growth Ratio had positive relationship while Asset Turnover Ratio also had negative relationship for the period 2016 to 2025. The study showed that only Turnover Growth Ratio had positive relationship with Manufactured Capital while the rest had negative relationships. It therefore recommended that Corporate Managers should work towards growing the turnover of their organizations since this ratio positively had relationship with Manufactured Capital.
Ikpong et al. (Tue,) studied this question.