Manpower, Sultanate of Oman.
|
|
- Duane Wright
- 5 years ago
- Views:
Transcription
1 ISSN: IJMRR/ December 2014/ Volume 4/Issue 12/Article No-2/ Dr. Riyas Kalathinkal et al./ International Journal of Management Research & Review AN ANALYTICAL STUDY ON FINANCIAL PERFORMANCE OF MAJAN GLASS COMPANY (SOHAR BRANCH, SULTANATE OF OMAN) USING RATIO ANALYSIS TECHNIQUE Dr. Riyas. Kalathinkal* 1, Muhammad Imthiyaz Ahmed 2 1 Faculty, Department of Business Studies, Shinas College of Technology, Ministry of Manpower, Sultanate of Oman. 2 Faculty and OJT Coordinator, Department of Business Studies, Shinas College of Technology, Ministry of Manpower, Sultanate of Oman. ABSTRACT Finance is regarded as the life blood of every business organization. Financial management deals with procurement of funds and their effective utilization and management of money (funds) in such a manner as to accomplish the short term and long term goals of the corporation. It is the responsibility of finance manager to see that the funds are procured in a manner that the risk, cost and control considerations are properly balanced in any given situation and this becomes possible because of optimum utilization of funds. Hence, in this paper the analysis gives a major focus on the financial viability, structure and optimum utilization of funds ofthe company as this analysis is taken for four years periodstarting from 2010 to The study is mainly based on the Secondary Data of Majan GlassCompany (Sohar Branch, Oman). Further, to measure the effectivenessof the above mentioned company,ratio analysistechnique is used as tool by the researcher to provide suitable suggestions and recommendations for this study. Keywords: Financial management, financial analysis, working capital, ratio analysis. 1. INTRODUCTION The performance is a general term applied to a part or to all the conducts of activities of an organization over a period of time of the with reference to past or projected cost efficiency, management responsibility or accountability or the like. Thus, not just the presentation, but the quality of results achieved refers to the performance. Performance is used to indicate firm s success, conditions, and compliance. In broader sense, financial performance refers to the degree to which financial objectives being or has been accomplished. It is the process of measuring the results of a firm's policies and operations in monetary terms. It is used to measure firm's overall financial health over a given period of time and can also be used to compare similar firms across the same industry or to compare industries or sectors in aggregation. Majan Glass Company SAOG was promoted in the year 1994 and established in the year 1997 with a sole objective of catering to the huge demand for Glass Containers within *Corresponding Author
2 Sultanate of Oman, GCC and Globally. The Company commenced the commercial production in the year The Project was envisaged to cater to the needs of Soft Drink, Food & Beverages Industry sector mainly within the Sultanate and was promoted by leading and well reputed Industrial groups and by well-known and respected personalities of the Sultanate. The Company is publicly listed on the Muscat Securities Market and with the Ministry of finance, Sultanate of Oman holding share of 75.3 % and balance by the Public. The Company s shares are listed on Muscat Security Market. The Company is located at Sohar Industrial Estate which is about 200 kms away from Muscat and Dubai, is one of the most high-tech manufacturing companies in the Sultanate. The Company has installed capacity of producing 250 MT per day of Glass and has two Furnaces, five Production Lines and equipment's are designed to produce Glass containers in 88ml to 1000ml range, in different sizes. 2. OBJECTIVES OF THE STUDY The main important objectives of this study are to: To study the financial performance of MAJAN GLASS COMPANY. To analyze the financial changes over a period of four years by using financial ratio. To evaluate the financial position of the company. To suggest some improvement of their financial performance. 3. REVIEW OF LITERATURE Jeffre Y. S. Bracker and John N. Pearson (2011) 3, This article develops a classification scheme of planning process sophistication in small firms, categorizes small firms according to planning process sophistication, and examines the relationship between planning process sophistication and the financial performance of a select group of small, mature firms. The study overcomes several methodological shortcomings of prior research on strategic planning and firm performance. Multivariate analysis of variance is used to identify statistically significant differences between the financial performance data of firms that employ structured, strategic plans and those that do not. The results confirm previous research on strategic planning and financial performance. Finally, recommendations are made for future research. Altman and Eberhart (1994) 7 reported the use of neural network in identification of distressed business by the Italian central bank. Using over 1,000 sampled firms with 10 financial ratios as independent variables, they found that the classification of neural networks was very close to that achieved by discriminant analysis. They concluded that the neural network is not a clearly dominant mathematical technique compared to traditional statistical techniques. José F. Molina-Azorín, Enrique Claver-Cortés, Maria D. López-Gamero, Juan J. Tarí, (2009) "Green management and financial performance: a literature review" 5 Purpose The purpose of this paper is to carry out a literature review of the quantitative studies that have analyzed the impact of green management on financial performance. Design/methodology/approach An examination of the literature was undertaken to review Copyright 2012 Published by IJMRR. All rights reserved 1130
3 the quantitative studies that analyze the influence of environmental management on financial performance. A total of 32 studies were identified, examining the environmental variables used, the financial performance variables, the statistical analyses, and the main findings obtained by these studies. Findings Results are mixed, but studies where a positive impact of environment on financial performance is obtained are predominant. In addition, the findings show that the set of firms, industries and countries are varied. Some studies use environmental management variables and other works employ environmental performance variables, and regression analysis prevails. Research limitations/implications The study does not consider studies that analyze the influence of environmental management on environmental performance. Implications for future research are suggested. Practical implications The paper offers interesting implications for managers, pointing out that a real commitment to green management may result in a positive influence on financial performance. Originality/value The findings are derived from an exhaustive literature review of quantitative studies that have studied the green management-financial performance link. In addition, ideas for improving future research in this field are provided. 4. RESEARCH METHODOLOGY This study is an analytical research. The research has to use facts or information already available and analyze these to make critical evaluation of the study. A sample size of the study is five years from 2010 to In data collection as basically used the secondary data, as available in the records of the unit as from the publication of the financial statements in the company annual reports as include the balance sheet and profit and loss account of the company. Analysis of data is made using certain financial tools and techniques as ratio analysis, common size income statement. 5. LIMITATION OF THE STUDY The study is short term period of five accounting year from 2010 to The main constraint of this study is considered as the data used is secondary. The data was collected based on the company annual report. So we cannot say it was accurate. 6. SCOPE OF THE STUDY The scope of the study includes establishment of cause and effect of relationship between various items in the income statement and balance sheet for the period 2010 to This study helps to control the short terms assets and liabilities. From this study the organization can know about the proportion of investment in current assets and current liabilities. 7. DATA ANALYSIS AND FINDINGS Ratio analysis is one of the most powerful tools of financial analysis. It is the process of establishing and interpreting various ratios. It is with the help of ratio that the financial statement can be analyzed more clearly. Copyright 2012 Published by IJMRR. All rights reserved 1131
4 Current ratio Current ratio, also known as liquidity ratio and working capital ratio, shows the proportion of current assets of a business in relation to its current liabilities. Current ratio is a measure of liquidity of a company at a certain date. It must be analyzed in the context of the industry the company primarily relates to. The underlying trend of the ratio must also be monitored over a period of time. Current ratio is the primary measure of a company's liquidity. Quick Ratio Quick Ratio, also known as Acid Test Ratio, shows the ratio of cash and other liquid resources of an organization in comparison to its current liabilities. Quick ratio is a measure of a company's ability to settle its current liabilities on a very short notice. Current ratio may provide a misleading indication of a company's liquidity position when a considerable portion of its current assets is illiquid. Quick ratio is therefore a more reliable measure of liquidity for manufacturing companies and construction firms that have relatively high levels of inventory, work in progress and receivables. Net Working Capital Ratio Net Working Capital Ratio (NWC), sometimes referred to as simply working capital, is used to determine the availability of a company's liquid assets by subtracting its current liabilities. It is a measure of the operating liquidity available to a business. However, companies that do business on a cash basis (such as a grocery store) need very little working capital (it may even be negative such that the business is partly funded by its suppliers. Current Liabilities to Inventory Ratio Indicates reliance on the available inventory for payment of debt. Expressed usually as a percentage, it is one of the measures of the solvency of a firm. This ratio provides an indication of the ability of your firm's inventory sales to generate the cash needed to meet the short-term obligation of creditors. A ratio that is low usually indicates that your firm will be able to meet short term obligations and a high ratio may be cause for concern and signal a potential cash shortage. Inventory Turnover Ratio Inventory turnover is the ratio of cost of goods sold by a business to its average inventory during a given accounting period. It is an activity ratio measuring the number of times per period. A business sells and replaces its entire batch of inventory again. Inventory turnover ratio is used to measure the inventory management efficiency of a business. In general, a higher value of inventory turnover indicates better performance and lower value means inefficiency in controlling inventory levels. Fixed-Asset Turnover Ratio The fixed-asset turnover ratio measures a company's ability to generate net sales from fixedasset investments - specifically property, plant and equipment (PP&E) - net of depreciation. A higher fixed-asset turnover ratio shows that the company has been more effective in using the investment in fixed assets to generate revenues. This ratio is often used as a measure in Copyright 2012 Published by IJMRR. All rights reserved 1132
5 manufacturing industries, where major purchases are made for PP&E to help increase output. When companies make these large purchases, prudent investors watch this ratio in following years to see how effective the investment in the fixed assets was. Total asset turnover ratio The total asset turnover ratio measures the ability of a company to use its assets to efficiently generate sales. This ratio considers all assets, current and fixed. Those assets include fixed assets, like plant and equipment, as well as inventory, accounts receivable, as well as any other current assets. Asset to Equity Ratio The asset/equity ratio shows the relationship of the total assets of the firm to the portion owned by shareholders. This ratio is an indicator of the company s leverage (debt) used to finance the firm. Return on Assets (ROA) Ratio Return on assets is the ratio of annual net income to average total assets of a business during a financial year. It measures efficiency of the business in using its assets to generate net income. It is a profitability ratio. Return on assets indicates the number of cents earned on each dollar of assets. Thus higher values of return on assets show that business is more profitable. This ratio should be only used to compare companies in the same industry. Return on Equity (ROE) Ratio Return on equity or return on capital is the ratio of net income of a business during a year to its stockholders' equity during that year. It is a measure of profitability of stockholders' investments. It shows net income as percentage of shareholder equity. Return on equity is an important measure of the profitability of a company. Higher values are generally favorable meaning that the company is efficient in generating income on new investment. The profit margin ratio The profit margin ratio, also called the return on sales ratio or gross profit ratio, is a profitability ratio that measures the amount of net income earned with each dollar of sales generated by comparing the net income and net sales of a company. In other words, the profit margin ratio shows what percentage of sales are left over after all expenses are paid by the business. The profit margin ratio directly measures what percentage of sales is made up of net income. In other words, it measures how much profits are produced at a certain level of sales. Gross profit ratio Gross profit ratio (GP ratio) is a profitability ratio that shows the relationship between gross profit and total net sales revenue. It is a popular tool to evaluate the operational performance of the business. The ratio is computed by dividing the gross profit figure by net sales. Gross profit is very important for any business. It should be sufficient to cover all expenses and provide for profit. There is no norm or standard to interpret gross profit ratio (GP ratio). Copyright 2012 Published by IJMRR. All rights reserved 1133
6 Debt Ratio Debt ratio is a solvency ratio that measures a firm's total liabilities as a percentage of its total assets. In a sense, the debt ratio shows a company's ability to pay off its liabilities with its assets. In other words, this shows how many assets the company must sell in order to pay off all of its liabilities. Interest Coverage Ratio Interest coverage ratio, also known as times interest earned, is a measure of how well a company can meet its interest-payment obligations. The Debt to Equity Ratio The debt to equity ratio is a financial, liquidity ratio that compares a company's total debt to total equity. The debt to equity ratio shows the percentage of company financing that comes from creditors and investors. A higher debt to equity ratio indicates that more creditor financing (bank loans) is used than investor financing (shareholders). Table 1: Different Ratios Of Majan Glass Company (Sohar Branch) S. No Particulars Current Ratio Quick Ratio Net Working Capital Ratio Current liabilities to Inventory Ratio 5 Inventory Turnover Ratio 6 Fixed Assets Turnover Ratio 7 Total Assets Ratio Assets to Equity Ratio Return on Assets Ratio Return on Equity Ratio 82% 32% 22% 21% 11 Profit Margin Ratio 28% 12% 13% 11% 12 Gross Profit Margin 37% 28% 29% 13% Ratio 13 Total Debt Ratio Interest coverage Ratio Debt Equity Ratio FINDINGS Liquidity: The current ratio shows increase trend only in the year 2010 as 4.33 and it decreased from 2011 to The quick ratio shows increase trend only in the year 2010 as 3.3 and it decreased from 2011 to Copyright 2012 Published by IJMRR. All rights reserved 1134
7 The net working capital ratio of MGC shows increase trend only in the year 2010 as 0.3 and it decreased from 2011 to The current liabilities to inventory ratio shows increase trend in the year 2011 as 1.03 and it decreased 2010, 2012 and Assets: The inventory turnover ratio of the company stood at 4.13, which is the highest value in the year Fixed assets turnover ratio in 2010 was 1.02, which is the highest value when compared with rest of the three years data. The total assets of the company in the year 2010 are 0.61 it shows increase, but in next following years it has decreased in The assets to equity ratio for the last four years is in continues decrease trend. It stood at 7.25 which is the highest value and the lowest value in 2013 is Profitability: The return on assets ratio shows increase in the year 2010 as 17%. It decreased from 2011 to 2013 due to decline in their sales. The return on equity ratio in the last four years shows increase in 2010 as 82 %. But it is decreased from 2011 to 2013 due to decline in their sales. The profit margin ratio shows increase in 2010 as 28%. This shows that the company is in good position. But it decreased from 2011 to 2013 except 2012 as 13% but, 2011 as 12% and 2013 as 11%. The Gross profit ratio for the last four year is increased in the year 2010 as 37%. But it decreased from 2011 to 2013 except 2012 as 29% but, due to decline in their cost of sales it declined in the year as 28%, and 2013 as 13%. Debt: Total debt ratio for the last four years is in increase trend. It stood at 0.18 in 2010, which is lesser when compared to the previous years and it also stood as 0.29 in 2013 which is higher in value. The interest coverage ratio in 2010 to 2011 is increased, but in 2012 to 2013 it decreased. The debt to equity ratio of the company in the year 2010 is 1.33 and for 2011 it is 0.95 shows decrease and it has increased in the next years. 9. SUGGESTIONS AND RECOMMENDATIONS From the results of the analysis the observation shows that the working capital of the company is not really sufficient, so the company can try to increase the net working capital by increasing current assets and decreasing its current liabilities. The current ratio is decreased slightly, because there is a gap between the ideal limit and the actual, if the excess current liabilities are adjusted proportionate manner the current ratio can be improved. Copyright 2012 Published by IJMRR. All rights reserved 1135
8 The company can try to maintain an increase trend in their inventory ratio to make better performance. Because the lower inventory turnover ratio may be an indication of overstocking which may pose risk of obsolescence and increased inventory holding costs. The company can also try to improve their fixed assets turnover ratio to be more efficient in utilizing their investment in fixed assets to generate reasonable revenue. A higher total asset turnover ratio is more favorable than a lower one, so the company can try to increase their total assets ratio by analyzing their financial statements to find out the reason for the decline. Increase of the return on assets ratio will decrease its expenses. Whenever expenses are cut the revenue increases this creates a higher return for the company. Return of equity ratio increases, when the return on equity is positive and it decreases when the return is negative. The owner will be benefited from higher return of equity value and the manager can seek ways to increase its return on equity. The company should try to maintain the increase trend in the net profit margin ratio, which will have a great impact in motivating the investors to invest more in the organization. Increase on selling price will increase the gross profit margin this can be done by finding suppliers who supply at cheap price, cheaper raw materials and using labor-saving technology and outsourcing can help the company to increase its gross profit margin. The company can try to make a balance between assets and liabilities or try to make the level of liability lower when compared with the assets because, companies with higher levels of liabilities compared with assets are considered highly leveraged and more risky for lenders. High inventory turnover ratio means that the company is efficiently managing and selling its inventory. So that the company can try to increase its inventory turnover ratio because if a company has a low inventory turnover ratio, then there is a risk of holding obsolete inventory, which will be very difficult for the company to sell and manages its inventory. The company can try to decrease its debt to equity ratio because normally companies with a higher debt to equity ratio are considered more risky to creditors and investors than companies with a lower ratio. 10. CONCLUSION Ratios need to be interpreted carefully. They can provide clues to the company s performance or financial situation. But on their own, they cannot show whether performance is good or bad. The study undertaken has brought in to the light of the following conclusions. Financial Statements are the sources of information on the basis of which conclusions are drawn. The balance sheet and profit and loss account or income statement of a business will reveal the net effect of the various transactions on the operational and financial position of the company. A proper analysis and interpretation of these statements by using ratio analysis technique will enable a person to judge the profitability and financial strength of the business. The overall financial performance of the company is good. Copyright 2012 Published by IJMRR. All rights reserved 1136
9 REFERENCES Principles & Applications of Financial Management 10th Edition by Keown, Martin, Pelty, Scot. JR. Pearson Prentice Hall. Analysis for Financial Management 9th Edition by Robert C. Higgins McGraw. HILL International Edition. Introduction to Finance 13th Edition by Ronald W. Melicher, Edgar A Norton Wiley ISBN Copyright 2012 Published by IJMRR. All rights reserved 1137
A STUDY OF APPLICATION OF ALTMAN Z SCORE MODEL FOR OMAN CEMENT COMPANY (SAOG), SOHAR SULTANATE OF OMAN
A STUDY OF APPLICATION OF ALTMAN Z SCORE MODEL FOR OMAN CEMENT COMPANY (SAOG), SOHAR SULTANATE OF OMAN Dr. RIYAS. KALATHINKAL 1 MUHAMMAD IMTHIYAZ AHMED 2 1&2 Faculty, Department of Business Studies, Shinas
More informationHow Well Am I Doing? Financial Statement Analysis
How Well Am I Doing? Financial Statement Analysis Chapter 16 McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Limitations of Financial Statement Analysis Differences
More informationFinancial Statement Analysis
Financial Statement Analysis K R Subramanyam John J Wild McGraw-Hill/Irwin Copyright 2009 by The McGraw-Hill Companies, Inc. All rights reserved. 10-2 Credit Analysis 10 CHAPTER 10-3 Liquidity and Working
More informationCHAPTER - VI RATIO ANALYSIS 6.3 UTILITY OF RATIO ANALYSIS 6.4 LIMITATIONS OF RATIO ANALYSIS 6.5 RATIO TABLES, CHARTS, ANALYSIS AND
CHAPTER - VI RATIO ANALYSIS 6.1 INTRODUCTION 6.2 NATURE OF RATIO 6.3 UTILITY OF RATIO ANALYSIS 6.4 LIMITATIONS OF RATIO ANALYSIS 6.5 RATIO TABLES, CHARTS, ANALYSIS AND INTERPRETATION OF DIFFERENT RATIOS
More informationChapter 4 Analyzing and Interpreting Financial Statements
Analyzing and Interpreting Financial Statements Solutions to Even-Numbered Problems and Cases 4.2 Northern Electric Corporation (a) (b) (c) Price Earnings 60 Earnings 20 20 60 Earnings 20 3.00 Earnings
More informationA Comparison of Financial Performance Based On Ratio Analysis (With Special Reference to ITC Limited and HUL Limited)
IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 23, Issue 4, Ver. 3 (April. 2018) PP 59-63 e-issn: 2279-0837, p-issn: 2279-0845. www.iosrjournals.org A Comparison of Financial Performance
More informationCHAPTER :- 4 CONCEPTUAL FRAMEWORK OF FINANCIAL PERFORMANCE.
CHAPTER :- 4 CONCEPTUAL FRAMEWORK OF FINANCIAL PERFORMANCE. 4.1 INTRODUCTION. 4.2 FINANCIAL PERFORMANCE. 4.3 FINANCIAL STATEMENT. 4.4 FINANCIAL STATEMENT ANALYSIS. 4.5 METHODS OF ANALYSIS OF FINANCIAL
More informationWeek 4 and Week 5 Handout Financial Statement Analysis
Week 4 and Week 5 Handout Financial Statement Analysis Introduction After understanding the basic financial statements, one may be interested in analysing the financial statements to understand the performance
More informationCorporate Finance. Prof. Dr. Frank Andreas Schittenhelm. Introduction to Financial Accounting. Prof. Dr. Frank Andreas Schittenhelm
Corporate Finance Introduction to Financial Accounting Corporate Finance slide 1 Literature Basic Literature Anthony/Hawkins/Merchant: Accounting, 11 th ed., McGraw-Hill Additional Literature Dyckman/Dukes/Davis:
More informationA study on liquidity and profitability position of national thermal power corporation limited New Delhi
International Journal of Commerce and Management Research ISSN: 2455-627, Impact Factor: RJIF 5.22 www.managejournal.com Volume 3; Issue 2; February 207; Page No. 2-6 A study on liquidity and profitability
More informationWORKING CAPITAL ANALYSIS OF SELECT CEMENT COMPANIES IN INDIA
CHAPTER - IV WORKING CAPITAL ANALYSIS OF SELECT CEMENT COMPANIES IN INDIA CHAPTER IV WORKING CAPITAL ANALYSIS OF SELECT CEMENT COMPANIES IN INDIA In this chapter an attempt has been made to analyse the
More informationFINANCIAL PERFORMANCE ANALYSIS OF SELECT CEMENT COMPANIES
FINANCIAL PERFORMANCE ANALYSIS OF SELECT CEMENT COMPANIES DR. A.Y. KETTIRAMALINGAM 1 K.SOWMIYA 2 P.SANGEETHA 3 1 Associate Professor, School of Commerce PG, Rathnavel Subramaniam College of Arts & Science
More informationLearning Goal 1: Review the contents of the stockholders' report and the procedures for consolidating international financial statements.
Principles of Managerial Finance, 12e (Gitman) Chapter 2 Financial Statements and Analysis Learning Goal 1: Review the contents of the stockholders' report and the procedures for consolidating international
More informationA Case Study on Trend and Growth Analysis of Tata Consultancy Services Limited
A Case Study on Trend and Growth Analysis of Tata Consultancy Services Limited 1 Dr. K. Venkatachalam and 2 J.B. Rajaanjali 1 Assistant Professor, 3 PG Student, 1,2 Department of Commerce, PGP College
More informationThe Impact of Cash Conversion Cycle on Services Firms Liquidity: An Empirical Study Based on Jordanian Data
International Journal of Business and Management; Vol. 10, No. 10; 2015 ISSN 1833-3850 E-ISSN 1833-8119 Published by Canadian Center of Science and Education The Impact of Cash Conversion Cycle on Services
More informationFinancial Performance of Kotak Mahindra Bank
Volume-03 Issue-12 December -2018 ISSN: 2455-3085 (Online) www.rrjournals.com [UGC Listed Journal] Financial Performance of Kotak Mahindra Bank 1 Prayag Chaudhary, 2 Rahul Jain & 3 Divinya Banerjee 1,2,3
More informationUS03FBCA01- Financial Accounting and Management. Liquidity ratios Leverage ratios Activity ratios Profitability ratios
Unit 4 Ratio Analysis and Cost-Volume- Profit (CVP) Analysis Types of Ratio Several ratios, calculated from the accounting data, can be grouped into various classes according to financial activity or function
More informationCHAPTER 1 CONCEPT OF FINANCIAL ANALYSIS
CHAPTER 1 CONCEPT OF FINANCIAL ANALYSIS 1 MEANING AND CONCEPT OF FINANCIAL ANALYSIS Financial analysis refers to an assessment of the viability, stability and profitability of a business, sub-business
More informationFinancial Performance of RINL Using Financial Ratios and
Financial Performance of RINL Using Financial Ratios and Comparison with TATA, SAIL and JSW Kommu U. K.S. Alekhya, K. Simhachalam Naidu, Tippana Lochana MVGR College of Engineering (A) ABSTRACT: This paper
More informationANALYSIS OF THE FINANCIAL STATEMENTS
5 ANALYSIS OF THE FINANCIAL STATEMENTS CONTENTS PAGE STUDY OBJECTIVES 166 INTRODUCTION 167 METHODS OF STATEMENT ANALYSIS 167 A. ANALYSIS WITH THE AID OF FINANCIAL RATIOS 168 GROUPS OF FINANCIAL RATIOS
More informationFINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION
Financial Statements Analysis - An Introduction 27 FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION You have already learnt about the preparation of financial statements i.e. Balance Sheet and Trading and
More informationWorking Capital Management of Larsen & Turbo
Volume-8, Issue-5, October 2018 International Journal of Engineering and Management Research Page Number: 56-63 DOI: doi.org/10.31033/ijemr.8.5.02 Working Capital Management of Larsen & Turbo K. Pavithra
More informationAnalysis and Interpretation of Financial Statements
Analysis and Interpretation of Financial Statements Prof Pieter Pelle INTRODUCTION Objective of financial reporting provide information for decision making Primary statements income statement, balance
More informationWorking Capital Analysis of Pricol Engineering Industries Limited at Coimbatore
Asia Pacific Journal of Research Vol: I. Issue XXXVIII, April 2016 ISSN (Print) : 2320-5504 ISSN (Online) : 2347-4793 Analysis of Pricol Engineering Industries Limited at Coimbatore Sandhiya. S 1 and Dr.
More informationCHAPTER - 4 ANALYSIS OF PERFORMANCE OF SELECTED FMCG COMPANIES
CHAPTER - 4 ANALYSIS OF PERFORMANCE OF SELECTED FMCG COMPANIES The performance of the FMCG Companies can be evaluated in three ways, they are: (1) Solvency: This is the measure of the firm s ability to
More informationRatio Analysis An Accounting Technique of Analysis and Interpretation of Financial Statements
Ratio Analysis An Accounting Technique of Analysis and Interpretation of Financial Statements IDRISH ALLAD Research Scholar, Rai University, Saroda, Ahmedabad. DR. MAHENDRA H. MAISURIA Research Supervisor,
More informationFinancial Evaluation of Arasu Rubber Corporation Limited in Kanyakumari District of Tamilnadu-An Empirical study
Financial Evaluation of Arasu Rubber Corpon Limited in Kanyakumari District of Tamilnadu-An Empirical study D.H.Thavamalar & M.Julius prasad Assistant Professor, Department of Commerce, Directorate of
More informationFinancial Analysis. Instructor: Michael Booth Cabrillo College
Financial Analysis Instructor: Michael Booth Cabrillo College Factors in Communicating Useful Information The primary objective of accounting is to provide information useful for decision making. To provide
More informationCHAPTER-8 SUMMARY, FINDINGS & SUGGESTIONS
CHAPTER-8 SUMMARY, FINDINGS & SUGGESTIONS SR. NO. PARTICULAR P. NO 8.1 INTRODUCTION 166 8.2 METHODOLOGY 166 8.3 ANALYSIS OF LIQUIDITY 167 8.4 ANALYSIS OF PROFITABILITY 168 8.5 ANALYSIS OF FINANCIAL STRUCTURE
More informationCOMPREHENSIVE ANALYSIS OF BANKRUPTCY PREDICTION ON STOCK EXCHANGE OF THAILAND SET 100
COMPREHENSIVE ANALYSIS OF BANKRUPTCY PREDICTION ON STOCK EXCHANGE OF THAILAND SET 100 Sasivimol Meeampol Kasetsart University, Thailand fbussas@ku.ac.th Phanthipa Srinammuang Kasetsart University, Thailand
More informationA STUDY ON INVESTOR S PERCEPTION TOWARDS MUTUAL FUND SELECTION IN THE DISTRICT OF KOZHIKODE, KERALA STATE, INDIA.
A STUDY ON INVESTOR S PERCEPTION TOWARDS MUTUAL FUND SELECTION IN THE DISTRICT OF KOZHIKODE, KERALA STATE, INDIA Dr. RIYAS. KALATHINKAL 1 MUHAMMAD IMTHIYAZ AHMED 2 SHAFI.K 3 SHAREENA P P 4 1 Faculty, Department
More informationA study on capital structure and solvency position of TVS Srichakra limited using ratio analysis from
2018; 4(3): 81-88 ISSN Print: 2394-7500 ISSN Online: 2394-5869 Impact Factor: 5.2 IJAR 2018; 4(3): 81-88 www.allresearchjournal.com Received: 01-01-2018 Accepted: 02-02-2018 Dr. Lakshmi G Assistant Professor,
More informationKey Business Ratios v 2.0 Course Transcript Presented by: TeachUcomp, Inc.
Key Business Ratios v 2.0 Course Transcript Presented by: TeachUcomp, Inc. Course Introduction Welcome to Key Business Ratios, a presentation of TeachUcomp, Inc. This course examines key ratios used to
More informationWORKING CAPITAL MANAGEMENT AND PROFITABILITY ANALYSIS OF SELECTED PAPER COMPANIES IN INDIA
Primax International Journal of Commerce and Management Research Online ISSN: 221-612 WORKING CAPITAL MANAGEMENT AND PROFITABILITY ANALYSIS OF SELECTED PAPER COMPANIES IN INDIA J. Jeyanthi 1 Abstract Efficient
More informationA STUDY ON FINANCIAL ANALYSIS WITH REFERENCE TO NDMPMACU LTD., NELLORE, A.P.
A STUDY ON FINANCIAL ANALYSIS WITH REFERENCE TO NDMPMACU LTD., NELLORE, A.P. P. THANUJA ASSISTANT PROFESSOR DEPARTMENT OF MANAGEMENT STUDIES VISVODAYA INSTITUTE OF TECHNOLOGY & SCIENCE S.P.S.R. NELLORE,
More informationGoldstar's Financial Condition Analysis for the Period from to
Goldstar's Financial Condition Analysis for the Period from 01.01.2008 to 31.12.2010 1. Goldstar's Financial Position Analysis 1.1. Structure of the Assets and Liabilities 1.2. Net Assets (Net Worth) 1.3.
More informationRATIO ANALYSIS OF PUBLICLY TRADED HOTEL COMPANIES LISTED ON THE STOCK EXCHANGE OF THAILAND (SET)
RATIO ANALYSIS OF PUBLICLY TRADED HOTEL COMPANIES LISTED ON THE STOCK EXCHANGE OF THAILAND (SET) Bhamorasathit, Slisa Chulalongkorn University Katawandee, Punthumadee Chulalongkorn University ABSTRACT
More informationA Study on Financial Efficiency of Selected FMCG Companies in India
Continuous Issue 22 August September 2017 A Study on Financial Efficiency of Selected FMCG Companies in India Abstract Products which are having a quick turnover, and relatively low cost are known as Fast
More informationFINANCIAL PERFORMANCE OF SALEM STEEL PLANT, SALEM
Dr. M. Prakash* K. Natarajan** International Journal of Advanced Research in FINANCIAL PERFORMANCE OF SALEM STEEL PLANT, SALEM Abstract: The article entitled Financial Performance of Salem Steel Salem
More informationFinancial Performance Determinants of Organizations: The Case of Mongolian Companies
Financial Performance Determinants of Organizations: The Case of Mongolian Companies Bayaraa Batchimeg Abstract This paper is aimed at examining what ratios can determine financial performance of Mongolian
More informationcondition & operating results in a condensed form. Financial statements are used as a
2.1 FINANCIAL ANALYSIS Financial statements are formal records of the financial activities of a business, person or other entity and provide an overview of a business or person s financial condition in
More informationA Study on Financial Performance Analysis of Spinning Mills of Coimbatore City
IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X, p-issn: 2319-7668. Volume 20, Issue 1. Ver. V (January. 2018), PP 25-30 www.iosrjournals.org A Study on Financial Performance Analysis
More informationA STUDY ON LIQUIDITY AND SHORT-TERM SOLVENCY POSITION OF SELECT PHARMACEUTICAL COMPANIES IN INDIA
Scholarly Research Journal for Interdisciplinary Studies, Online ISSN 2278-8808, SJIF 2016 = 6.17, www.srjis.com UGC Approved Sr. No.45269, SEPT-OCT 2017, VOL- 4/36 https://doi.org/10.21922/srjis.v4i36.10026
More informationn Financial Statement Analysis n Dollar and Percentage Changes n Common Sized Statements n Ratio Analysis McGraw-Hill /Irwin McGraw-Hill /Irwin
14-1 Today s Agenda Management Accounting Lecture 3 (Chapter 14) Financial Statement Analysis Bangor University Transfer Abroad Programme n Financial Statement Analysis n Dollar and Percentage Changes
More informationA Comparative Financial Analysis of TATA Steel Ltd. and SAIL
IOSR Journal of Economics and Finance (IOSR-JEF) e-issn: 2321-5933, p-issn: 2321-5925.Volume 7, Issue 6 Ver. IV (Nov. - Dec. 2016), PP 01-05 www.iosrjournals.org A Comparative Financial Analysis of TATA
More informationAsian Journal of Multidisciplinary Studies
Asian Journal of Multidisciplinary Studies Volume, Issue, October 4 ISSN: -9 (Online) 4-6 (Print) Impact Factor:.9 Abstract: A Significance of Financial Ratio Analysis in Decisions Making: A Case Study
More informationFinancial Analysis of Information and Technology Industry of India (A Case Study of Wipro Ltd and Infosys Ltd)
Financial Analysis of Information and Technology Industry of India (A Case Study of Wipro Ltd and Infosys Ltd) Dr. Pramod Bhargava a a Dr., Department of Commerce, DAV College, Chandigarh, India, psbhargav@gmail.com
More informationANALYSIS OFFINANCIAL STATEMENTS WITH SPECIAL REFERENCE TO BMTC, BANGALORE
ANALYSIS OFFINANCIAL STATEMENTS WITH SPECIAL REFERENCE TO BMTC, Sridhara G* N. Sathyanarayana** BANGALORE Abstract: Transportation industry contributes a major role in the development of a company. Transportation
More informationINTRODUCTION TO FINANCIAL MANAGEMENT
INTRODUCTION TO FINANCIAL MANAGEMENT Meaning of Financial Management As we know finance is the lifeblood of every business, its management requires special attention. Financial management is that activity
More informationAnalysis and Comparative Study of J.K. Cement Ltd and Ultra Tech Cement Limited
International Journal of Commerce and Management Research ISSN: 2455-1627, Impact Factor: (RJIF 5.22) www.managejournal.com Volume 2; Issue 4; April 2016; Page No. 22-27 Analysis and Comparative Study
More informationA Statistical Analysis to Predict Financial Distress
J. Service Science & Management, 010, 3, 309-335 doi:10.436/jssm.010.33038 Published Online September 010 (http://www.scirp.org/journal/jssm) 309 Nicolas Emanuel Monti, Roberto Mariano Garcia Department
More informationLiquidity and Profitability Analysis Chapter is divided into four parts. comprising of part I dealing with Liquidity Analysis divided into short-term
163 5.1 INTRODUCTION Liquidity and Profitability Analysis Chapter is divided into four parts comprising of part I dealing with Liquidity Analysis divided into short-term and long-term. Part II deals with
More informationANALYSIS OF FINANCIAL STATEMENTS
ANALYSIS OF FINANCIAL STATEMENTS 1. Basic concept of financial statement analysis 2. Liquidity ratios 3. Asset management ratios 4. Debt management ratios 5. Profitability ratios 6. Market value ratios
More informationFinancial Statements, Forecasts, and Planning Chapter 6
C H A P T E R 6 Financial Statements, Forecasts, and Planning Chapter 6 Chapter Objectives Identify the elements of the balance sheet. Identify the elements of the income statement. Discuss the cash flow
More informationA Comparative Financial Analysis of SAIL and TATA Steel Ltd.
A Comparative Financial Analysis of and TATA Steel Ltd. Ashwini Raghuvanshi Research Scholar, Faculty of Commerce, U.P. Autonomous College, Varanasi, U.P. 221002 Abstract: The present study aims to show
More informationAN EMPIRICAL EVALUATION OF THE COLLINEARITY AND CORRELATION OF FINANCIAL RATIOS IN BUSINESS ORGANISATIONS
Rivers State University of Science And Technology, Nigeria From the SelectedWorks of ThankGod C Agwor Dr 2006 AN EMPIRICAL EVALUATION OF THE COLLINEARITY AND CORRELATION OF FINANCIAL RATIOS IN BUSINESS
More informationKavous Ardalan. Marist College, New York, USA
Journal of Modern Accounting and Auditing, July 2017, Vol. 13, No. 7, 294-298 doi: 10.17265/1548-6583/2017.07.002 D DAVID PUBLISHING Advancing the Interpretation of the Du Pont Equation Kavous Ardalan
More informationTop 8. Capstone Financial Ratios
Financial Ratio Review Top 8 Plus Capstone Financial Ratios Kenneth EA Wendeln 2012 KEAW v5 Top 8 Key Financial Ratios Profitability Liquidity Return on Owners Equity % Current Ratio # n.nn EPS Earnings
More informationGeorgia Banking School Financial Statement Analysis. Dr. Christopher R Pope Terry College of Business University of Georgia
Georgia Banking School Financial Statement Analysis Dr. Christopher R Pope Terry College of Business University of Georgia Introduction Objective My objective is to introduce you to the analysis of financial
More informationFINANCIAL ACCOUNTING. McGraw-Hill Irwin. Robert Libby. Patricia A. Libby. Daniel G. Short. Cornell University. Ithaca College
SEVENTH EDITION FINANCIAL ACCOUNTING Robert Libby Cornell University Patricia A. Libby Ithaca College Daniel G. Short Texas Christian University McGraw-Hill Irwin I Chapter One Financial Statements and
More informationFINANCIAL PERFORMANCE ANALYSIS OF BEXIMCO PHARMACEUTICALS LTD. AND SQUARE PHARMACEUTICALS LTD. Submitted to. M. Nurul Amin.
FINANCIAL PERFORMANCE ANALYSIS OF BEXIMCO PHARMACEUTICALS LTD. AND SQUARE PHARMACEUTICALS LTD. Submitted to M. Nurul Amin Submitted by Date-31 st July, 2010 North South University Financial Performance
More information6.1 Introduction. 6.2 Meaning of Ratio
6.1 Introduction Ratio analysis has emerged as the principal technique of analysis of financial statements. The system of analysis of financial statements by means of ratio was first made in 1919 be Alexander
More informationWorking with Financial Statements, Part II
Working with Financial Statements, Part II Faculty of Business Administration Lakehead University Spring 2003 May 7, 2003 Outline of Chapter 3, Part II 3.3 Ratio Analysis 3.4 The DuPont Identity 3.5 Using
More informationFINANCIAL RATIOS. LIQUIDITY RATIOS (and Working Capital) You want current and quick ratios to be > 1. Current Liabilities SAMPLE BALANCE SHEET ASSETS
FINANCIAL RATIOS ROUND ALL ANSWERS TO TWO DECIMALS UNLESS REQUESTED OTHERWISE IN THE PROBLEM LIQUIDITY RATIOS (and Working Capital) You want current and quick ratios to be > 1 Current Ratio Quick Ratio
More informationFINANCING OF WORKING CAPITAL IN SELECT CEMENT COMPANIES- A POLICY PERSPECTIVE
FINANCING OF WORKING CAPITAL IN SELECT CEMENT COMPANIES- A POLICY PERSPECTIVE Dr. K. Bhagyalakshmi 1, Dr. P. Krishnama Chary 2 1 Lecturer, Dept. of Commerce and Business Management, University College
More informationCHAPTER-3 OVERVIEW OF FINANCIAL STATEMENT ANALYSIS
CHAPTER-3 OVERVIEW OF FINANCIAL STATEMENT ANALYSIS INDEX SR.NO NAME OF TOPIC 3.1 INTRODUCTION 3.2 MEANING AND CONCEPT OF FINANCIAL ANALYSIS 3.3 DEFINITIONS 3.4 OBJECTIVES AND IMPORTANCE OF FINANCIAL STATEMENT
More informationCHAPTER 4. ANALYSIS AND INTERPRETATION OF DATA Ratio Analysis - Meaning of Ratio (A) Return on Investment Ratios
CHAPTER 4 ANALYSIS AND INTERPRETATION OF DATA Ratio Analysis - Meaning of Ratio (A) Return on Investment Ratios - Concept of Return on Investment - Advantages of ROI - Limitations of ROI - Evaluation of
More informationA Study on MeASuring the FinAnciAl health of Bhel (ranipet) using Z Score Model
A Study on MeASuring the FinAnciAl health of Bhel (ranipet) using Z Score Model Abstract S. Poongavanam*, Suresh Babu** Financial health of the company is foremost important in the global competition.
More informationBudgeting Basics and Beyond
Budgeting Basics and Beyond Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Asia, and Australia, Wiley is globally
More informationWEEK 10 Analysis of Financial Statements
WEEK 10 Analysis of Financial Statements Learning Objectives 1. Organize a systematic financial statements analysis using common-size financial statements and ratio analysis. 2. Recognize the potential
More informationCAPITAL STRUCTURE AND FINANCING SOURCES IN MELLI BANK AND WAYS TO OPTIMIZE IT
CAPITAL STRUCTURE AND FINANCING SOURCES IN MELLI BANK AND WAYS TO OPTIMIZE IT Dr. Aziz Gord Faculty Member in West Unit of Payam e Noor, Tehran, Iran Karim Pirsabahi 1 Master of accounting student in West
More informationManagement of cash in Public sector Enterprises - A case study of ECIL, Hyderabad
IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X, p-issn: 2319-7668 PP 50-55 www.iosrjournals.org Management of cash in Public sector Enterprises - A case study of ECIL, Hyderabad Dr.N.Jyothi
More informationDisciplined thinking focuses inspiration rather than constricts it. ~ Anonymous
Ratio Analysis Disciplined thinking focuses inspiration rather than constricts it. ~ Anonymous Ratio Analysis compares significant numbers from your financial statements. Rather than focusing on specific
More informationA STUDY ON PREDICTION OF DEFAULT PROBABILITY OF AUTOMOBILE DEALERSHIP COMPANIES USING ALTMAN Z SCORE MODEL
Vol. 5 No. 3 January 2018 ISSN: 2321-4643 UGC Approval No: 44278 Impact Factor: 2.082 A STUDY ON PREDICTION OF DEFAULT PROBABILITY OF AUTOMOBILE DEALERSHIP COMPANIES USING ALTMAN Z SCORE MODEL Article
More informationBusiness Ratios and Formulas
Business Ratios and Formulas A COMPREHENSIVE GUIDE SECOND EDITION Steven M. Bragg John Wiley & Sons, Inc. Business Ratios and Formulas SECOND EDITION Business Ratios and Formulas A COMPREHENSIVE GUIDE
More informationDeveloping a Bankruptcy Prediction Model for Sustainable Operation of General Contractor in Korea
Developing a Bankruptcy Prediction Model for Sustainable Operation of General Contractor in Korea SeungKyu Yoo 1, a, JungRo Park 1, b,sungkon Moon 1, c, JaeJun Kim 2, d 1 Dept. of Sustainable Architectural
More informationThe Present Situation of Empirical Accounting Research in China and Its Gap with Foreign Countries. Wei-Hua ZHANG
3rd Annual International Conference on Management, Economics and Social Development (ICMESD 2017) The Present Situation of Empirical in China and Its Gap with Foreign Countries Wei-Hua ZHANG Zhejiang Yuexiu
More informationA Study To Measures The Financial Health Of Selected Firms With Special Reference To Indian Logistic Industry: AN APPLICATION OF ALTMAN S Z SCORE
A Study To Measures The Financial Health Of Selected Firms With Special Reference To Indian Logistic Industry: AN APPLICATION OF ALTMAN S Z SCORE Vikas Tyagi Faculty of Management Studies, DIT University,
More informationA study on investor perception towards investment in capital market with special reference to Coimbatore City
2017; 3(3): 150-154 ISSN Print: 2394-7500 ISSN Online: 2394-5869 Impact Factor: 5.2 IJAR 2017; 3(3): 150-154 www.allresearchjournal.com Received: 09-01-2017 Accepted: 10-02-2017 PSG College of Arts and
More informationCA. Sonali Jagath Prasad ACA, ACMA, CGMA, B. Com.
MANAGEMENT OF FINANCIAL RESOURCES AND PERFORMANCE SESSIONS 5 & 6 FINANCIAL DATA, PERFORMANCE ANALYSIS & MANAGEMENT AND DECISION MAKING June 10 to 24, 2013 CA. Sonali Jagath Prasad ACA, ACMA, CGMA, B. Com.
More informationKeywords: NBFC, Solvency, Current ratio, Liquid ratio, Debt equity ratio and Proprietary ratio
Solvency Analysis of Non Banking Financial Companies in Tamilnadu Dr. D. VENKADESH, M.Com., M.B.A., M.Phil., PGDCA., Ph.D., Assistant Professor & Research Advisor PG & Research Department of Commerce A.V.V.M.
More informationCost Control with the special reference to KGB Inspections Services at Trichy
Cost Control with the special reference to KGB Inspections Services at Trichy *B. Saranya, Dr. R. Prakash Babu,C. Padma, S. Uma Maheswari * Research Scholar: B.Saranya,MBA.,M.Phil., Assistant Professor,
More informationStrategic Management. Concepts and Cases. Strategic Management. Fred R. David Forest R. David
Strategic Management Concepts and Cases For these Global Editions, the editorial team at Pearson has collaborated with educators across the world to address a wide range of subjects and requirements, equipping
More informationComparative solvency analysis through optimum capital structure of Gail (India) Ltd. and ONGC Ltd.
International Journal of Commerce and Management Research ISSN: 2455-1627, Impact Factor: RJIF 5.22 www.managejournal.com Volume 2; Issue 10; October 2016; Page No. 32-38 Comparative solvency analysis
More informationA Study on Receivables Management in Select Companies of Indian Steel Industry
ISSN 2278 0211 (Online) A Study on Receivables Management in Select Companies of Indian Steel Industry Dr. Pinku Paul Assistant Professor, Department of Finance, Management Development Institute Murshidabad,
More informationFAQ: Financial Ratio Analysis
Question 1: What is horizontal analysis of financial statement data? Answer 1: Horizontal analysis is a method of financial ratio analysis. Horizontal analysis is comparing each item on the financial statements
More informationMohammed Ibrahim Obeidat Al Khawarizmi International College. Adnan Jawabri Al Khawarizmi International College
The Impact of Working Capital Management on the Profitability of Construction Equipment Firms: Evidence from Listed Construction Equipment Firms in Abu Dhabi Stock Exchange Mohammed Ibrahim Obeidat Al
More informationA PREDICTION MODEL FOR THE ROMANIAN FIRMS IN THE CURRENT FINANCIAL CRISIS
A PREDICTION MODEL FOR THE ROMANIAN FIRMS IN THE CURRENT FINANCIAL CRISIS Dan LUPU Alexandru Ioan Cuza University of Iaşi, Romania danlupu20052000@yahoo.com Andra NICHITEAN Alexandru Ioan Cuza University
More informationAn Analysis of the Financial Performance of Turkish Sub-Basic Metals Sectors Using Ratio Analysis
An Analysis of the Financial Performance of Turkish Sub-Basic Metals Sectors Using Ratio Analysis Serhan Gurkan, Faculty of Business, Karabuk University, Turkey. E-mail: serhangurkan@karabuk.edu.tr Nurdan
More informationAn Appraisal of Financial Performance of the Fast Moving Consumer Goods (FMCG) Industry in India
Volume 0 Issue 6, December 207 An Appraisal of Financial Performance of the Fast Moving Consumer Goods (FMCG) Industry in India Prof. S. M. Imamul Haque, Professor, Department of Commerce, Aligarh Muslim
More informationA COMPARATIVE STUDY ON SELECTED CERAMICS INDUSTRY IN INDIA
International Journal of Marketing and Technology Vol. 7 Issue 8, August 2017, ISSN: 2249-1058 Impact Factor: 6.559 Journal Homepage: Double-Blind Peer Reviewed Refereed Open Access International Journal
More informationLESSON Trend Analysis and Component Percentages. CENTURY 21 ACCOUNTING 2009 South-Western, Cengage Learning
Trend Analysis and Component Percentages Trend Analysis and Component Percentage 2 Financial statements report the financial condition and progress of a business for a fiscal period. Accounting concepts
More informationA STUDY ON CAPACITY UTILIZATION AND THE EFFICIENCY OF FINANCIAL MANAGEMENT OF NATIONAL THERMAL POWER CORPORATION LIMITED NEW DELHI
A STUDY ON CAPACITY UTILIZATION AND THE EFFICIENCY OF FINANCIAL MANAGEMENT OF NATIONAL THERMAL POWER CORPORATION LIMITED NEW DELHI Nasir Rashid* and Dr. B. Manivannan** *PhD Research Scholar, Dept. of
More informationAn Analysis of Financial Statements of Karnataka State Finance Corporation
International Journal of Engineering and Management Research, Volume-3, Issue-2, April 2013 ISSN No.: 2250-0758 Pages: 59-63 www.ijemr.net An Analysis of Financial Statements of Karnataka State Finance
More informationINTERNATIONAL FINANCIAL REPORTING SYSTEM- A CASE STUDY OF ICICI BANK
INTERNATIONAL FINANCIAL REPORTING SYSTEM- A CASE STUDY OF ICICI BANK DR SUPRAVA SAHU,Assistant Professor, P.G. Dept of Commerce, Ravenshaw University ABSTRACT IFRS have been recognized as the global financial
More informationA COMPARATIVE STUDY ON PERFORMANCE AND WORKING CAPITAL MANAGEMENT OF ICICI AND HDFC BANKS
A COMPARATIVE STUDY ON PERFORMANCE AND WORKING CAPITAL MANAGEMENT OF ICICI AND HDFC BANKS R. Devaraj Assistant Professor, Alagappa University Arts and Science College, Paramakudi Abstract Working capital
More informationPredicting Financial Distress: Multi Scenarios Modeling Using Neural Network
International Journal of Economics and Finance; Vol. 8, No. 11; 2016 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Predicting Financial Distress: Multi Scenarios
More informationFinancial Performance of BHEL (Visakhapatnam) using Financial Ratios
Financial Performance of BHEL (Visakhapatnam) using Financial Ratios Madhulatha Karri MVGR college of engineering Sheeba.V.Thomas MVGR College Of Engineering Omkar Venkata Chinnam Naidu Murru MVGR College
More informationA study on capital structure analysis of Tata motors limited
International Journal of Commerce and Management Research ISSN: 2455-1627, Impact Factor: RJIF 5.22 www.managejournal.com Volume 3; Issue 3; March 2017; Page No. 48-52 A study on capital structure analysis
More informationFinancial Analysis of Sakthi Sugar Private Limited, Coimbatore
Volume: 2, Issue: 10, 246-250 Oct 2015 www.allsubjectjournal.com e-issn: 2349-4182 p-issn: 2349-5979 Impact Factor: 5.742 P Jayasubramanian Professor and Head, Dr. N.G.P Arts and Science College, Coimbatore-48
More information