Culinary science and hospitality research (한국조리학회지)

Culinary Society of Korean Academy (한국조리학회)
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A Study on the Relationship between Information on Financial Characteristics and Profitability in the Korean Restaurant Industry

국내 레스토랑 기업의 재무 특성 정보와 수익성간의 관계에 관한 연구

  • Kang, Seok-Woo (Dept. of Hotel, Restaurant and Culinary Arts, Daegu Health College) ;
  • Ahn, Seong-Guen (Dept. of Hotel Management, Kyonggi University)
  • 강석우 (대구보건대학 호텔외식조리계열) ;
  • 안성근 (경기대학교 대학원 호텔경영학과)
  • Published : 2008.12.30
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Abstract

This study was attempted to analyze causal relations among flexibility, growth, and profitability variables, which are the financial indexes of restaurant enterprises. The samples were 24 restaurant enterprises in total, and 102 financial statements between 2002 and 2006 were analyzed. As a result of the analysis, total asset growth rate influenced all profitability variables among growth variables. Also, the net sales growth influenced return on sales and return on assets, and the assets turnover influenced return on assets and return on equity. Among flexibility variables, current ratio and interest coverage ratio to operating profit influenced return on assets, and return on equity was influenced by current ratio and debt-to-equity ratio.

Keywords