PHÂN TÍCH HIỆU QUẢ KINH DOANH TRONG MỐI QUAN HỆ VỚI ĐÒN BẨY TÀI CHÍNH CỦA CÁC CÔNG TY CỔ PHẦN SẢN XUẤT THÉP NIÊM YẾT TRÊN THỊ TRƯỜNG CHỨNG KHOÁN VIỆT NAM ANALYSIS ON¬ PROFITABLITY IN RELATION TO FINANCIAL LEVERAGE OF PUBLIC STEEL MANUFACTURING COMPANIES ON VIETNAMESE STOCK MARKET

Abstract

Analyzing business efficiency in relation to financial leverage comprises a fundamental segment in enterprises financial analysis. The use of indicators such as ROI, ROA, ROE, ROS, EPS, DC can help the evaluation of economic profitability of capital, assets, costs in relation to the use of debt of the administrator. Vietnam's steel production joint stock companies have recently been affected by the world economic recession and the covid 19 epidemic, and the results of production and business activities over the years 2019-2022 have had many fluctuations and abnormalities. The author's article studies the business performance of 3 steel manufacturing joint stock companies listed on the Vietnamese stock market in relation to financial leverage. Through the analysis, the authors give recommendations on using solutions to improve business efficiency and reasonable financial leverage for these enterprises in the coming time. Keywords: business performance analysis, steel manufacturing companies, financial leverage. JEL Classification: M00, M10, M21