Methodology for the Economics of Ash Culture in Nigeria: Case Study of Two Ash Farms in Lagos State

Abstract

"This paper deals with cost structure and financial analysis of Ameso and Kaboom fish farm projects in Lagos State. During the period under study, year 2000, Ameso fish farm's return on total asset was 86.1% while total asset turn over was 1.6. For Kaboorn fish farm, return on total asset was 50.9% whereas total asset turn over was 1.1. Profit (after tax at 35%) of N192, 523.87 and N293, 738.09 were realized by the fish farms respectively. The percentage of net profit to gross revenue was 35.7% and 27.7%, while the ratio of net profit to variable cost were 1.9:1 and 1.5:1 forAmeso and Kaboom fish farms respectively."