Asset management that affects profit quality Industrial product group in the Stock Exchange of Thailand

Abstract

         This article aims to 1) study the financial ratios of industrial product groups in the Stock Exchange of Thailand, 2) study the quality of profits of industrial product groups in the Stock Exchange of Thailand, and 3) analyze the asset management that affects the quality of profits of industrial product groups in the Stock Exchange of Thailand. The sample group consists of 268 companies. Purposive sampling was used. The study used secondary data surveys, consisting of financial statements, annual reports, and Form 56-1 displayed on the Stock Exchange of Thailand website. The statistics used in this study include mean, standard deviation, maximum, minimum, multiple regression analysis, and Pearson product moment correlation coefficient analysis.

         Major Findings found that 1) Financial ratios consisted of asset turnover with an average of 1.696, trade receivable turnover with an average of 22.146, inventory turnover with an average of 7.195, and trade payable turnover with an average of 13.096, 2) Profit quality consisted of gross profit margin with an average of 4.814, net profit margin with an average of 2.6834, and return on assets with an average of 4.7018, 3) Inventory turnover was .171, which is negative. It can be interpreted that inventory turnover is related to gross profit margin (GPM) and has an inverse relationship.