Factors of Human Capital and Cash Flows Ratio on the Return on Stock Investment and Future Profit of Listed Companies in Services Sector

Abstract

This research aims to study the factors of human capital and cash flow ratios that affect future returns and profits of registered companies in the service industry of the Stock Exchange of Thailand. The study uses data from financial and investment sources to find the relationship between human capital and cash flow ratios with future returns and profits of companies. The research results found that human capital and cash flow ratios have an impact on future returns and profits of companies. Human capital has the same impact as cash flow ratios on future returns and profits. This affects the market value of registered companies in the service industry of the Stock Exchange of Thailand. Regarding the research results of the influence of the liquidity ratio and the cash flow ratio from operating activities, with profits in the future, found that the ratio of working capital Account receivable turnover debt collection period Inventory Turnover It has no effect on future profits. At the same time, the working capital ratio is fast. have a positive impact on future profits It was also found that Cash flow from operating activities to total liabilities Cash flow from operating activities to net income It has no effect on future profits. But the ratio of cash flow from operating activities to average total assets has a positive effect on future earnings.