This chapter gives detailed information on the results of this study with

This chapter gives detailed information on the

This preview shows page 27 - 30 out of 41 pages.

order to facilitate comparison. This chapter gives detailed information on the results of this study, with refined discussion. In this chapter, we examine the factors likely to affect the financial performance. This chapter has been divided into two sections: first section includes the presentation and analysis of the data. Analysis of data This study relies on the analysis of secondary data to derive the empirical findings on the study. This section has been further divided into three subsections. In the first subsection, we discuss about the structure and pattern of the variables under study, the second subsection presents the analysis and result of ANOVA analysis and the third subsection presents the analysis and result of descriptive analysis. Structure and pattern of variables under study The structure and pattern of variables for each variable on an individual company basis for all the year under study and all the companies in each year basis are analyzed and tabulated. Table 2 presents the number of hotels under study with their name, abbreviations and the year taken under study. From the table, it is observed that total value of equity is NPR 1463.9 million for the whole sample, whereas the total value of asset for all the sample is NPR 1129.8 million.
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COMPARISON OF FINANCIAL PERFORMANCE OF LISTED HOTELS 28 Descriptive statistics Table 3 summarizes the descriptive statistics (mean, median standard deviation, minimum and maximum) values of all the variables under study (ROA, ROE, and NIAT). It includes the mean, median, standard deviation, minimum and maximum value over the period of study for 8 years. It is seen that the mean value of ROA is 0.2357, median is 0.195 with a standard deviation of 0.60733. It ranges between 0.04 and 2.93. Similarly, it is seen that the mean value of ROE is 0.1465, median is 0.095 with a standard deviation of 0.09916 and ranges between 0.02 and 0.32. Finally, it is seen that the mean value of NI is 153029335.9, median is 134842724 with a standard deviation of 62972644.93 and ranges between 54853192 and 315887388. ANOVA The table 4 presents the ANOVA analysis for ROA to compare the mean difference between the three listed hotels of Nepal Stock Exchange (NEPSE) i.e. Oriental Hotel Limited,Soaltee Hotel Limited and Taragaon Regency Hotel Limited. The table 4 shows that there is no significant difference in ROA across OHL, THL and SHL, as the sig value is 0.181 which is greater than 0.05, hence the hypothesis is accepted. From Table 5, we can see that there is no significant difference in ROA across OHL and SHL as the sig value is 0.729 which is greater than 0.05. Similarly, there is no significant difference in ROA across OHL and THL as the sig value is 0.171 which is greater than 0.05 and there is no significant difference in ROA across THL and SHL as the sig value is 0.77 which is greater than 0.05. Hence it shows there is no significant difference in ROA across OHL, SHL and THL.
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COMPARISON OF FINANCIAL PERFORMANCE OF LISTED HOTELS 29 The table 6 presents the ANOVA analysis for ROE to compare the mean difference between the three listed hotels of Nepal Stock Exchange (NEPSE) i.e. Oriental Hotel Limited,Soaltee Hotel Limited and Taragaon Regency Hotel Limited. The table 6
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