EVALUATION OF FINANCIAL PERFORMANCE & CAPITAL UTILIZATION EFFICIENCY OF LISTED MANUFACTURING ENTERPRISES IN VIETNAM

Abstract

The dataset comprises manufacturing firms listed on Vietnam’s stock market over two periods pre- and post-COVID‑19 (2015 - 2023) and was assembled to
assess financial performance and capital utilization. Financial outcomes are gauged by return on assets (ROA) and return on equity (ROE), while the study’s
independent variables include total asset turnover (AT), debt‑to‑equity ratio (D/E), liquidity (LIQ), firm size (SIZE), and growth. Python was employed
throughout for data cleaning, visualization, statistical analysis, and regression modeling. The findings reveal that, following the pandemic, firms have
experienced gradual improvements in financial performance driven by stronger liquidity, expanded scale, and more efficient asset use. Nevertheless, reliance
on excessive debt to enhance financial metrics introduces significant risk, underscoring the importance of adopting more prudent and effective capital
management strategies.