Influence of Asset Management Efficiency and Profitability on Stock Prices and Dividend Yields of Companies Listed on the Stock Exchange of Thailand. Agro-Industry and Food Industry and Resource Industry Group

Abstract

The purpose of this study was to investigate the influence of asset management efficiency and profitability. That affects stock prices and dividend yields of companies listed on the Stock Exchange of Thailand. Agro-Industry and Food Industry and Resource Industry This research is a quantitative research. Data were collected using secondary data from financial statements with complete information of 100 companies during the year 2019 - 2021. Data was analyzed with a statistical package using descriptive statistical analysis, including percentage, mean and deviation. Ben standard to describe the generalization of variables. correlation coefficient analysis to test the relationship of independent variables and multiple regression analysis to test the research hypothesis. The results showed that The total asset turnover ratio and cash flow from operating activities to average total assets had a statistically significant positive effect on the securities price at the level of 0.10, and the gross profit margin had a statistically significant positive effect on the securities price. statistically at 0.05 level, inventory turnover had a statistically significant negative effect on dividend yield at 0.05 level, and fixed asset turnover ratio at 0.05 level. Cash flow from operating activities to assets had a positive effect on the dividend yield ratio at a statistically significant level of 0.05. Inventory turnover ratio Asset turnover ratio net profit margin Return on total assets The rate of return on equity has no effect on the stock price at a statistically significant level of 0.05. Total asset turnover ratio Receivable turnover ratio margin net profit margin Return on assets And the rate of return on equity has no effect on the dividend yield ratio at a statistical significance level of 0.05.