Financial Performance in Thai Food Industry

Tanachote Boonvorachote; Rapeepat Sakulveeraphan

Article Details

Financial Performance in Thai Food Industry

Authors:

Tanachote Boonvorachote | Rapeepat Sakulveeraphan

Publisher:

KnE Social Sciences

Journal:

KnE Life Sciences Vol.4 Issue 2, pp.277-283

Document Type:

Article

Publication Date:

1/2018

Document Language:

English

Document ID (Org No.):

2001525630

pISSN:

2413-0877

Keywords:

Economic Value-Added; Cost Efficiency; Thai Food Industry

Abstract:

 This paper aims to rank priority on companies’ performance improvement for Thai medium- and large-sized food industry: cost-efficiency seeking and value-added creation. Listed (large-sized) companies of Thai food industry show better performance than non-listed (medium-sized) companies in every measurement dimension, for examples, larger company sizes, higher profitability and lower costs of capitals. In short run, Thai non-listed food companies should aim for seeking cost-efficiency from production and financial cost reduction including foreign exchange risk due to their main sales volumes relying on export market. To enhance companies’ value for Thai listed food companies, companies’ economic value-added increases by fixed asset turnover, profit margin, sales growth, and time interest earned. On the other hand, Average costs of capitals (WACC) are negatively related to economic value-added. The food companies with high EVA will have lower costs of capitals. The listed companies achieve their value enhancing target quite satisfied, while non-listed companies should set this value-enhancing target for their long-run goal.

Article Details

Financial Performance in Thai Food Industry

Authors: Tanachote Boonvorachote | Rapeepat Sakulveeraphan

Publisher: KnE Social Sciences

Journal: KnE Life Sciences Vol.4 Issue 2, pp.277-283

Document Type: Article

Publication Date: 1/2018

Document Language: English

Document ID (Org No.): 2001525630

pISSN: 2413-0877

Economic Value-Added; Cost Efficiency; Thai Food Industry

Issues

Authors:

Tanachote Boonvorachote | Rapeepat Sakulveeraphan

Publisher:

KnE Social Sciences

Journal:

KnE Life Sciences Vol.4 Issue 2, pp.277-283

Document Type:

Article

Publication Date:

1/2018

Document Language:

English

Document ID (Org No.):

2001525630

pISSN:

2413-0877