A Study on Working Capital Management in Tamilnadu State Transport Corporation (Villupuram) Limited.
Journal Title: Scholars Journal of Economics, Business and Management - Year 2016, Vol 3, Issue 3
Abstract
Transport industry is one of the key industries of nation’s economy. It transports person, goods and so on. Generally private transport services are given between two towns; where there is more demand in order to make profit. But transport is needed every nook and corners of the country. So the government of Tamilnadu provides transport facility through transport corporations. TNSTC (Villupuram) ltd. is the biggest transport corporation in the state. Efficient working capital management is important in transport industry. Hence the study has been undertaken to analyze working capital management of the corporation. The present study is based on secondary data, they were collected from annual reports of TNSTC (Villupuram) Limited. for the period of ten years from 2004-2005 to 2013-2014. The study used ratio analysis as financial tool. The study evidenced that working capital of the corporation was negative during all the years of the study period. Current ratio of the corporation was less than 0.5 times during all the years except during 2004-2005. It showed poor working capital management of the corporation. The results of average collection period was less than month during eight year of the study period, but average payment period was lower than average collection period during most of the years of the study period. It showed that their collection management was satisfactory but payment management was not so. Keywords: Working Capital, Debtors, Creditors, Turnover, and Collection Period
Authors and Affiliations
Miss. M. Saranya, Dr. T. K. Senthil Kumar
Keywords
Related Articles
- EP ID EP384341
- DOI -
- Views 75
- Downloads 0
Cross Cultural Communications in Negotiations
Communication behaviors in different kinds of negotiation can be characterized as tactics, as they are employed in facilitating of a goal. However, tactics are not used in isolation, but rather in combination, either int...
Origin of poverty in industrialized countries
The possible reasons of poverty in industrialized countries are considered in article on the example of Russia. The model is built on the principles of sociomechanics that use the representation of people as objects with...
Agriculture Output and Economic Growth? A Causality Test in Nigeria
The connection between economic growth and agriculture output is well recognized in the literature, but the causation of the relationship is quite confusing. Understanding the direction of causality between the two varia...
Analysis of Cost Management on Performance of Corporate Firms in Nigeria
This study assesses the cost management on corporate operating performance in Nigerian manufacturing companies. Specifically, the study ascertained the significant effect between cost management, operating profit and ear...
The Status, Problems and Solutions of Urban Waste Treatment in China
With the continuous development of cities, municipal waste is also growing, which has a serious impact on the development of cities. How to solve the problem of urban waste has become a major problem necessarily solved a...