VÀ 






U
 
Chuyên ngành: 
Mã ngành: 60 34 0301

TP. HCM, tháng 04/2014

ii
VÀ 

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
 
công trình nào khác, các 
 

iii





 




chim u th, 


-




 



2

Vietnam is      It created fierce
competition in within all the company of food and beverages. In this competition,
the enterprises can be detected strong growth, which have the best policy in matter
using their capital with high effective. Investigating 26 companies of the food and
beverages posted up a notice on the HCM City Stock Exchange in the period 2010-
2012 with many groups as seafood , sugar, cooking oil , dairy , confectionery and
beverages most of the enterprises were profited but their profits have tended to
rise sharply in 2011 and fell slightly in 2012 . The export seafood companies were
using the greatest leverage and return on capital of these were lower than the food
companies of other groups , whereas the confectionery business groups and milk
companies had debt ratios low and return on capital increases. Through aggregate
ROE of 26 food and beverages companies in 2010 was 26.21 % , 2011 was 21.5 %
and 20.37 % in 2012, we can say that the food and beverage companies used
efficient their capitals but these companies should to find ways to overcome the
declining trend of capital efficiency.
The efficiency of capital (profits on investors' capital) of the company
of food and drinks posted up a notice on the HCM City Stock Exchange in this
threads was defined affecting by many factors as financial capital structure , capital
size , internal capacity , fixed asset structure , the characteristics of each company
and purchasing power of the market. In particular , through data of regression from

vi
2010-2012 of 26 food and beverages companies listed on the HCM City Stock
Exchange showed the efficiency capital of the business were affected by factors as
capital scale , internal capacity , asset structure and characteristics of each business.
However capital structure and the purchasing power of the market are factors
which did not have enough data to find statistical evidence to shows that the impact
of these two factors to effective using their capital through profits on investors'
capital of these companies .
The companies of food and beverage should find solutions to their financial

2.2.4   10
 14
2.3.1  14
 23

viii

 24
2.4.1  24
gi
 25
2.4.3 Mô hình 26
2 28
G 3

 29
3.1  29
3.1.1 Khái quát 29
3.1.2 Tình hình  30
3.2. 
 33
3.2.1 kinh doanh 33
3.2.2 
 42
3.2.3  62
3.2.4    
 62
Tóm t3 66
         
 MÔ HÌNH 
x


ST
T
T vit tt
Ting Anh
Ting Vit
1
AFTA
Asean free Trading Area

2
ASEAN
Association of South 
East Asian Nation

nam Á.

3
BEP
Break even point

4
BCTC

tax, depreciation and
amortization


11
FTA
Free Trading Area

12
FEM
Fixed Effects Model

13
GDP
Gross Domestic Product

14
NV


15
REM
Random Effects Model

16
ROA
Return on assets

17
ROE


 - .
.
Bng 2.2: Kt qu mô hình nghiên c cNeil Nagy.
3.1 2012
3.2: -
2012
3.3-2012




3.8
3-

3
3.11 & 
3.12: Th 

3.13:  & 
3 & 
3.15 & 
3.16: p k & g thanh toán nhanh
3.17

xii
3.18




 
1.1.i
















nh.

n
tr   
ã nhận ra tầm quan trọng của việc phân



 




500.915
517.774
538.431
 bình
   
(USD)
212,70
217,30
246,30
267,80
284,20
298,70
316,20
 bình
   
(VND)
4.069.939
4.477.277
5.017.705
5.303.117
5.470.722
5.601.030
5.771.427
   tiêu
   

10,72
11,19
13,25
6,78


 

 niêm y
 làm  tài lun vn thc s.
1.2
1.2.1 Mc tiêu tng quát
- Phân tích thc trng v hiu qu s dng vn và tìm gii pháp nâng cao
hiu qu s dng vn ti các công ty ngành thc phm và  ung niêm yt trên sàn
giao dch chng khoán TP.HCM.

-  

- ánh giá hiu qu 
niêm yt trên sàn giao dch chng khoán TP.HCM
- 
niêm yt trên sàn giao dch chng khoán TP.HCM giai 
theo.

4
1.3

- Nhng ch tiêu nên nh giá hi
- Hnim yt
trên sàn giao dch chng khoán TP.HCM nh 
- 
niêm yt trên sàn giao dch chng khoán TP.HCM 
 
1.4


1.6

Chng 1: Tng quan v  tài nghiên c
Chng 2: C 
Chng 3: Phân tích 
 niêm yt trên sàn giao dch chng khoán TP.HCM.

7
 2

2.1 Khái nim v vn kinh doanh ti doanh nghip






               
( Josette Peyrard, 2005).  






2.2.2  kinh doanh.
2

u 
 
     


c 


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       


Trích đoạn Tầm quan trọng của phân tích hiệu quả sử dụng vốn Tổng quan các công trình nghiên cứu có liên quan Giả thuyết về mối tương quan giữa hiệu quả sử dụng vốn và các nhân tố ảnh Tình hình tiêu thụ Mô tả dữ liệu

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