Factors Affecting the Profitability of Cement Manufacturing Enterprises in Tuyen Quang Province

Hoang Anh Dao (Tantrao University, Yenson District, Tuyenquang Province, Vietnam)
Pham Thanh Tra (Tantrao University, Yenson District, Tuyenquang Province, Vietnam)
Tran Thao Nguyen (Tantrao University, Yenson District, Tuyenquang Province, Vietnam)

Article ID: 4771

DOI: https://doi.org/10.30564/mmpp.v4i2.4771


This study focuses on analyzing the factors affecting the production and business efficiency of cement manufacturing enterprises in Tuyen Quang province. Production and business efficiency is measured by profitability ratios including return on assets (ROA), return on equity (ROE) and return on sales (ROS). Using a quantitative research method through estimating a linear regression model based on data of two cement manufacturing companies in the period 2019-2021, the research results show that the factors affecting business efficiency of cement manufacturing enterprises in Tuyen Quang province include size of enterprise, cost ratio, average collection period, inventory turnover, fixed assets turnover and debt ratio.


Business efficiency; Profitability; Cement manufacturing enterprises; Tuyen Quang

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