Influence of working capital management on profitability of companies listed on the Stock Exchange of Thailand in The Real Estate Industry
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Abstract
This research aimed to study the influence of working capital management on the profitability of companies listed on the Stock Exchange of Thailand in the real estate industry. In this study, 69 companies were employed as a sample group. The data in the research were secondary data from the annual financial statements for 5 years from 2016 to 2020. Six ratios related to working capital management, including cash cycle, product sales period, debt collection period, repayment period, working capital ratio, quick working capital ratio, and three ratios related to profitability, including net profit margin, return on equity, and return on total assets, were used as indicators in the study. Multiple Regression Analysis was performed. The results revealed that the collection period and the repayment period were influenced by the net profit margin and the return on equity with a statistical significance of 0.05, while the working capital management had no influence on the return on total assets with a statistical significance of 0.05.
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บทความที่ได้รับการตีพิมพ์เป็นลิขสิทธิ์ของวารสารมนุษยศาสตร์และสังคมศาสตร์ มหาวิทยาลัยอุบลราชธานี
ข้อความที่ปรากฏในบทความแต่ละเรื่องในวารสารวิชาการเล่มนี้เป็นความคิดเห็นส่วนตัวของผู้เขียนแต่ละท่านไม่เกี่ยวข้องกับมหาวิทยาลัยอุบลราชธานี และคณาจารย์ท่านอื่นๆในมหาวิทยาลัยฯ แต่อย่างใด ความรับผิดชอบองค์ประกอบทั้งหมดของบทความแต่ละเรื่องเป็นของผู้เขียนแต่ละท่าน หากมีความผิดพลาดใดๆ ผู้เขียนแต่ละท่านจะรับผิดชอบบทความของตนเองแต่ผู้เดียว
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