The Relationship Between Cash Flow Activities, Asset Management With Financial Performance of the Real Estate and Construction Industry Groups Listed on the Stock Exchange of Thailand

Abstract

         This study aimed to 1) study the relationship between cash flow activities and financial performance of the real estate and construction industry groups listed on the Stock Exchange of Thailand, and 2) study the relationship between asset management and financial performance of the real estate and construction industry groups listed on the Stock Exchange of Thailand. This is a quantitative Research using a data recording form as a tool to collect secondary data from the financial statements of companies listed on the Stock Exchange of Thailand, real estate and construction industry groups, during 2021-2023, a total of 3 years. The sample group used in the study consisted of 100 companies, totaling 300 data. Data were analyzed using a ready-made statistical program using descriptive statistics, including percentages, means, and standard deviations to describe the general characteristics of the data. The analysis of the correlation coefficient was used to test the relationship of the variables, and the multiple regression analysis was used to test the research hypothesis.
          The results of the study found that 1) cash flow activities have a positive relationship with the return on assets, the market price to net profit ratio, and the market price to book value ratio, with statistical significance at the 0.01 level, while cash flow activities have the opposite direction to the return on equity, i.e., cash flow activities have a negative relationship with the return on equity ratio. 2) Asset management has a positive relationship with the return on assets, the return on equity ratio, the market price to net profit ratio, and the market price to book value ratio, with statistical significance at the 0.01 level.