Asset Management that Affects Profit Quality Industrial Product Group in the Stock Exchange of Thailand

Abstract

This research aims to study and analyze financial ratios. Analysis of profit quality and analyze asset management that affects profit quality Industrial product group in the Stock Exchange of Thailand Sample group used in the research study is a company registered on the Stock Exchange of Thailand Industrial products group from 2020 to 2022, including 3 accounting periods, 90 companies, totaling 270 samples, combining data from secondary sources, financial statements, annual reports, and forms. 56-1 The received data was analyzed statistically according to the research objectives with a ready-made program. The statistics used to analyze the data are descriptive statistics, consisting of mean, standard deviation, minimum, maximum, quantitative statistics such as analysis of the Pearson correlation coefficient. and multiple regression analysis.  Important Findings Inventory turnover rate (IT) is significantly related to gross profit margin (GPM) at the 0.05 level. Therefore, the two variables were analyzed to find the relationship between the variables with the Correlate command. It was found that the turnover rate of Inventory (IT) has a value of .162 which is negative. The results can be interpreted as Inventory turnover rate (IT) is related to gross profit margin (GPM) and is related in the opposite direction, and asset turnover rate (TAT) is significantly related to return on assets ratio (ROA). At the level of 0.05, the two variables were then analyzed to find the relationship between the variables with the Correlate command. It was found that the asset turnover rate (TAT) was equal to .258, which is a positive value. The results can be interpreted as the current ratio (CR) is related to the return on assets ratio (ROA) and is related in the same direction.