|
CASH CONVERSION CYCLE AND PROFITABILITY OF FIRMS LISTED IN SET HIGH DIVIDEND 30 INDEX (SETHD) |
|---|---|
| รหัสดีโอไอ | |
| Creator | Wanrapee Banchuenvijit |
| Title | CASH CONVERSION CYCLE AND PROFITABILITY OF FIRMS LISTED IN SET HIGH DIVIDEND 30 INDEX (SETHD) |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2563 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 12 |
| Journal No. | 2 |
| Page no. | 93-103 |
| Keyword | cash conversion cycle, profitability, SETHD |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | This study examined the effect of cash conversion cycle on the profitability of firms listed in SET high dividend 30 index (SETHD). Multiple regressions with fixed-effects were employed to test 460 sample data gathered from quarterly financial statements of 23 firms during 2013-2017. The findings were consistent with the existing literature. Payables deferral period positively and significantly affected net profit margin. Additionally, current liabilities to total assets ratio negatively and significantly affected net profit margin. Thus, managing working capital more efficiently by negotiating with suppliers for a longer period of trade credit as well as reducing the proportion of short-term loans with interest bearing in firms' current liabilities can help enhance firms' profitability |
