An Empirical Analysis of the Influencing Factors of Total Assets Period of Medical Manufacturing Enterprises in Guangdong Province

Abstract

Based on the relevant data of 29 medical manufacturing companies in Guangdong Province from 2009 to 2020, this paper uses a multiple linear regression model to conduct an empirical study on the influencing factors of their total asset turnover. The research results show that the size of the company and the number of boards of directors are significantly negatively correlated with the total asset turnover rate, and the operating income, the number of employees, the year-on-year growth rate of operating income, the amount of research and development investment and the total asset turnover rate are significantly positively correlated. On this basis, it also studied macroeconomic factors and found that the year-on-year growth rate of GDP is a key factor affecting the turnover rate of total assets. The results of this study have been inspired by how to accelerate the turnover rate of total assets, with a view to providing relevant references for improving the operational capabilities of enterprises.