Financial Performance of Textile Industry in Tamilnadu with Special Reference to Coimbatore – A Study of Working Capital Management
Journal Title: Scholars Journal of Economics, Business and Management - Year 2014, Vol 1, Issue 3
Abstract
The study analysed the working capital management of five textile companies in Coimbatore for the study period of ten years from 2003-04 to 2012-13. It mainly used ratio analysis as financial tools. The study found that current ratio of Lakshmi Mills Ltd., Bannari Amman Spinning Mills Ltd., and Gangotri Textiles Ltd. were good. Liquidity ratio of any company was not satisfactory. Absolute liquid ratio of the selected companies did not have the ratio as per the standard norm in any year of the study period. Ambika Cotton Mills Ltd. and KG Denim Ltd. did not have satisfactory level of cash position ratio in any year of the study period. Inventory conversion period was good for Gangotri Textiles Ltd. followed by KG Denim Ltd. It was poor for Ambika Cotton Mills Ltd. Collection management was efficient for Ambika Cotton Mills Ltd. followed by Bannari Amman Spinning Mills Ltd. It was not satisfactory for Gangotri Textiles Ltd. Average payment period of Ambika Cotton Mills Ltd. was higher than any other selected company followed by KG Denim Ltd. It was lower for Gangotri Textiles Ltd. followed by Bannari Amman Spinning Mills Ltd. Cash conversion cycle of Ambika Cotton Mills Ltd. was very short and it was negative for KG denim Ltd. Keywords: capital management, Coimbatore, Cotton Mills, Liquidity ratio.
Authors and Affiliations
R. Subha ,, Dr. N . Ramu
Keywords
Related Articles
- EP ID EP383209
- DOI -
- Views 120
- Downloads 0
Shifts in Trade Pattern of China since 1992 to 2012
China’s integration into world economy after its accession to WTO has proved a milestone in its economic success. It has emerged as a largest merchandise trade giant surpassing all the countries the in the world. In the...
Current Policy Options to Promote Economic Transition in China
From the perspective of economic development history for most countries, it is a common phenomenon that industrialization starts from extensive mode. Under the background of current new urbanization in China, economic tr...
Point inspection management of equipments and instruments promoted practical teaching of microbiology
Abstract: This paper analyzes the application characteristic of instruments and equipment in microbiology laboratory, and point inspection management was applied in microbiology laboratory. Through establishing regulatio...
Assessing the Relationships between Transformational Leadership and Employees’ Engagement in North Gondar Zone Public Preparatory School Teachers, Ethiopia
Abstract: In the unpredictable futures, in which the war for talent is endemic, organizations are increasingly taking interest in how not only to retain their talent, but also to optimize their leadership and engagement...
Role of Mahatma Gandhi National Rural Employment Guarantee Scheme and Its Impact on the Upliftment of Rural Population in Thiruvannamalai District
The study was undertaken in Tiruvannamalai District to study the role of MGNREGA scheme and its impact on the Upliftment of rural people. The study collected primary data through well-structured interview schedule from...