Financial Performance Analysis of Listed Firms: A Comparative Study of Profitability, Liquidity, and Solvency Indicators
Dinh Hien Vu
National Economics University, Ha Noi, Vietnam
ABSTRACT:
Financial performance analysis is a critical tool for evaluating a firm’s profitability, liquidity, and solvency. This study examines the financial performance of 10 large publicly listed firms in Vietnam across diverse industries from 2018 to 2022. Using key financial indicators such as Return on Assets (ROA), Return on Equity (ROE), Current Ratio, and Debt-to-Equity Ratio, the study identifies patterns and relationships between these metrics and overall financial performance. A multiple regression analysis approach is employed to determine the impact of these variables, using annual financial data compiled from publicly available reports. The results reveal significant positive relationships between profitability indicators (ROA, ROE) and financial performance, while solvency (Debt-to-Equity Ratio) demonstrates a mixed impact, varying across industries. The findings contribute to existing literature by highlighting the unique financial dynamics of Vietnamese firms, emphasizing the importance of sector-specific strategies in optimizing financial performance. This study provides valuable insights for managers, investors, and policymakers, offering practical implications for improving financial sustainability in emerging markets.
Published in: International Journal of Research in Interdisciplinary Studies (Volume 2, Issue 11, November 2024)
Page(s): 126-133
Date of Publication: 30/11/2024
Publisher: IJRIS
Cite as: Dinh Hien Vu, “Financial Performance Analysis of Listed Firms: A Comparative Study of Profitability, Liquidity, and Solvency Indicators,” in International Journal of Research in Interdisciplinary Studies, vol. 2, no. 11, pp. 126-133, November 2024.