Efficiency of Working Capital Management Towards the Performance of Listed Companies in the Stock Exchange of Thailand: Consumer Products Industry Before and During the Corona Virus Epidemic Situation
Keywords:
ไวรัสโคโรนา, ประสิทธิภาพการจัดการเงินทุนหมุนเวียน, ผลการดำเนินงานAbstract
The purpose of this research were as follows (1) To compare working capital management efficiency of listed companies on the Stock Exchange of Thailand consumer products before and during the coronavirus pandemic situation (2) To test the relationship between working capital management efficiency and operating results. the samples used in this research were listed companies in the Stock Exchange of Thailand: consumer products industry of 35 companies. The statistics used in the data analysis are: average, standard deviation, t-test and multiple regression analysis. the research results revealed that: Accounts Receivable Turnover Ratio (ACP), Inventory Turnover Ratio (ICP) and Cash Conversion Cycle (CCC) was related to the ratio of Return on Total Assets (ROA). the Inventory Turnover Ratio (ICP) was positively correlated with the Return on Equity Ratio (ROE). it was also found that the Corona Virus Epidemic Situation was related to the Inventory Turnover Ratio (ICP) and Return on Equity Ratio (ROE)
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