The Business Risks and Cash Management Affected the Operational Results of the Real Estate and Construction Group Listed in the Stock Exchange of Thailand

Abstract

          Business risk and cash management are extremely important in the real estate and construction industries. Business risk management And poor cash management can cause serious financial problems. It may cause financial liquidity and may result in operations being halted. This study aims to study (1) business risks affecting operating results and (2) cash management affecting operating results. Using a sample group of companies in the real estate and construction group listed on the Stock Exchange of Thailand. This is a quantitative research between 2019-2023. A total of 485 data were used in the study for statistical analysis. using multiple regression analysis.
          The results of the study found that 1) The level of operational risk affects the performance in terms of gross profit margin. In the opposite direction or have a negative effect. 2) The level of operating risk affects the performance in terms of net profit margin. in the opposite direction or have a negative effect. 2) The level of operational risk affects the net profit margin performance. In the opposite direction or have a negative effect. 3) The level of risk from operations affects the operating results. In terms of the ratio of return on assets in the opposite direction or have a negative effect. 4) The level of operational risk affects the operating results. In terms of the ratio of return on shareholders' equity In the opposite direction or have a negative effect. 5) The cash cycle affects operating results. Gross profit margin In the same direction or have a positive effect. 6) Cash cycle, debt collection ability and cash flow liquidity Does not affect operating results Net profit 7) Ability to collect debts and cash liquidity affects operating results. In terms of the ratio of return on assets in the same direction or have a positive effect 8) The ability to collect debt affects operating results. In terms of the ratio of return on shareholders' equity in the same direction or have a positive effect
          The conclusion of the study is that operational risk has a negative impact on gross profit margin. net profit margin Return on assets and return on shareholders' equity Meanwhile, the cash cycle has a positive impact on gross margins. And debt collection ability and cash flow liquidity positively affect return on assets and return on equity.