Apollo Food Holdings Berhad: The Relationship between Performance and Internal, External Determinants

The aim of this study is to determine the overall performance of Apollo Food Holdings Berhad with firm specific risk factors and macroeconomic factors on profitability performance. The data used in Statistical Package for the Social Sciences (SPSS) in developing the ordinary least square relationship between profit and risk is obtained from annual report of Apollo Food Holdings Berhad from year 2013 to 2017. The overall performance of Apollo Food Holdings Berhad is measured by using the liquidity, debt to income and operating ratio in 5 years. This paper utilizes liquidity (current ratio), debt to income, operating ratio, GDP, inflation and exchange rate to study the relationship between risks factors and the profitability of Apollo. The linear regression analysis suggests that credit risk (deb to income ratio) is the most significant firm specific factor which has the highest impact on the profitability. Meanwhile, the liquidity, operational and all of the macroeconomic variables are not significant to profitability and thus, have low impact on the profitability of Apollo.