The effect of CEO's asset management ratios on financial performance during the COVID-19 pandemic crisis. The Stock Exchange of Thailand: Consumer Products.
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Abstract
This study investigates the power of CEO's asset management on financial performance during the COVID-19 pandemic crisis, specifically in the Consumer Products sector of the Stock Exchange of Thailand. The study analyzed data from 180 firm-years between 2020 and 2022. The independent variables for CEO's asset management included the total asset turnover ratio, accounts receivable turnover ratio, inventory turnover ratio, and accounts payable turnover ratio. The dependent variable for financial performance was measured by profit margin. Descriptive statistics and multiple linear regression were used to analyze the data. The results indicated that both accounts receivable turnover and inventory turnover had a statistically significant positive relationship with financial performance. Additionally, accounts payable turnover was found to be positively related to financial performance.
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