Analysis of Profit Quality of Financial Business in the Stock Exchange of Thailand Financial Business Industry Group

Abstract

The purpose of this research was to study the profit quality of the financial business group in the Stock Exchange of Thailand. By studying from the auditor's report, financial statements, notes to financial statements and related documents of the financial business industry group listed on the stock exchange study only the business that reports financial statements for 3 consecutive years from 2016 to 2018 and has net profit for the period. Which has financial information disclosed, which can be used for variable analysis in a total of 12 businesses as follows banking sector 6 businesses finance and securities sector 5 insurance sector and life insurance 1 business. The study data were analyzed by statistical software packages for Social Science Research in the process. Descriptive statistics, percentage of sample data 1. Descriptive statistics, percentage of sample data 2. Financial tools 1. The ratio of operational efficiency are Return on Assets, Total Assets Turnover and Gross Profit Margin 2. The ratio of financial policy ratio are Debt-to-Equity Ratio and Debt-to-Asset Ratio.

Found that the financial business group in the Stock Exchange of Thailand has improved capital structure as for the debt structure when compared to the total assets the banks in the financial business group were as effective as before. But finance and securities Insurance and life insurance category, financial management has increased efficiency. For operational efficiency, it was found that financial business groups in the Stock Exchange of Thailand, all 3 categories have the ability to use the assets to be used in the operations of the business and have increased performance more efficiently. Therefore, it can be concluded that the closing of bank branches which are of interest and concern for investors for investment in the financial business industry. Not due to the lack of effectiveness of financial and operational policies. But is the entry of new innovations and technologies.