외식기업 재무비율지표가 경영성과에 미치는 영향
Effects of Financial Ratio Indicators on the Management Performance of Food Service Industry
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This study aim to estimate effects of 9 financial ratio Indicators which include ‘growth Indicators’, ‘activity Indicators’ and ‘stability Indicators’ toward to 5 profitability indicators. The sample data collected from year 2017 financial ratios of food service industry in Korea and analyse by multiple regression analysis. As results of testing, current ratio’ and ‘debt ratio’ of stability Indicators are affected on the management performance ‘profitability ratios’. There is significant ‘current ratio’ when analyzing indicators which are ‘operating income to sales’ and ‘net income to sales’, whereas ‘debt ratio’ has meaningful ratio to profitability Indicators by ‘operating income to sales’, ‘cash flows from operating activities’ and ‘net income to stockholders’ equity’. ‘Growth rate of operating income’ has significant relationship with 5 financial ratios of profitability Indicators. Similarly, ‘growth rate of sales‘ affect ’cash flows from operating activities’, while growth rate of total assets and growth rate of net income are not affected by all ratios to profitability Indicators. On the other hand, activity Indicators exclude ‘total assets turnover’ has no relationship with all profitability Indicators. ‘Total assets turnover’ effected on cash flows from operating activities
Abstract
This study aim to estimate effects of 9 financial ratio Indicators which include ‘growth Indicators’, ‘activity Indicators’ and ‘stability Indicators’ toward to 5 profitability indicators. The sample data collected from year 2017 financial ratios of food service industry in Korea and analyse by multiple regression analysis. As results of testing, current ratio’ and ‘debt ratio’ of stability Indicators are affected on the management performance ‘profitability ratios’. There is significant ‘current ratio’ when analyzing indicators which are ‘operating income to sales’ and ‘net income to sales’, whereas ‘debt ratio’ has meaningful ratio to profitability Indicators by ‘operating income to sales’, ‘cash flows from operating activities’ and ‘net income to stockholders’ equity’. ‘Growth rate of operating income’ has significant relationship with 5 financial ratios of profitability Indicators. Similarly, ‘growth rate of sales‘ affect ’cash flows from operating activities’, while growth rate of total assets and growth rate of net income are not affected by all ratios to profitability Indicators. On the other hand, activity Indicators exclude ‘total assets turnover’ has no relationship with all profitability Indicators. ‘Total assets turnover’ effected on cash flows from operating activities
참고문헌 (30)
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