The relationship between profitability and debt serviceability and returns on securities of companies in the real estate and construction industry group listed on the Stock Exchange of Thailand

Abstract

The purpose of this study was to study the relationship between profitability and debt serviceability and return on securities. of companies in the real estate and construction industry group listed on the Stock Exchange of Thailand This research is a quantitative research. Data were collected using secondary data from financial statements with complete information of 120 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 return to equity ratio had a positive correlation with the rate of change in the stock price at the statistical significance level of 0.05 The net profit ratio and the total debt to assets ratio were negatively correlated with the share price change at the statistical significance level of 0.05 and gross profit ratio Ratio of return to total assets earnings per share The debt to equity ratio has no relationship with the change in securities price at the statistical significance level of 0.05  Return on Equity Ratio had a positive correlation with the dividend payout ratio at the statistical significance level of 0.05 and gross profit ratio net profit ratio Ratio of return to total assets earnings per share Total debt to assets ratio and debt to equity ratio There was no relationship with the dividend payout ratio at the statistical significance level of 0.05.