2021
DOI: 10.21831/economia.v17i1.36010
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Factors Affecting the Performance of F&B Industry in Malaysia and Indonesia

Abstract: This study investigated the influence of financial ratios on company’s performance in Malaysia and Indonesia F&B industry period 2011 – 2018. The samples generated 37 F&B companies and 12 F&B companies listed on Bursa Malaysia and Indonesia Stock Exchange respectively. By using multiple regression analysis for panel data, the study revealed that CR and DER had no influence on ROA, while TAT and NPM had positive effect on ROA. Also, CR and DER had no influence on ROE in Malaysia F&B industry, bu… Show more

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Cited by 3 publications
(3 citation statements)
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“…Another important factor is liquidity, which refers to the company's ability to meet its immediate obligations. In a study conducted by Fawzi, Agung, and Sunarti, (2021), they explored the factors influencing the performance of the food and beverage (F&B) industry in Malaysia and Indonesia. The independent variables identified by the authors that could impact a firm's profitability were Current Ratio, Debt to Equity, Total Assets Turnover, and Net Profit Margin.…”
Section: Empirical Study Based On Food and Beverages Sectormentioning
confidence: 99%
“…Another important factor is liquidity, which refers to the company's ability to meet its immediate obligations. In a study conducted by Fawzi, Agung, and Sunarti, (2021), they explored the factors influencing the performance of the food and beverage (F&B) industry in Malaysia and Indonesia. The independent variables identified by the authors that could impact a firm's profitability were Current Ratio, Debt to Equity, Total Assets Turnover, and Net Profit Margin.…”
Section: Empirical Study Based On Food and Beverages Sectormentioning
confidence: 99%
“…Depending on the type of business, a current ratio between 1.5 and 2 is acceptable. A high ratio, such as greater than 3, may suggest that while being able to cover its current liabilities three times over, the company is not utilising its current assets or managing its working capital properly (Fawzi & Sunarti, 2021). Compared to Kawan Food and Ajinomoto, Oriental Food's current ratio is superior.…”
Section: Liquidity Ratiomentioning
confidence: 99%
“…The other tools are liquidity measures how healthy current assets cover current liabilities [6]. The greater the current asset-to-current-liability ratio, the greater the company's ability to cover its short-term liabilities [7].…”
Section: Introductionmentioning
confidence: 99%