| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 6 |
NO. 1 |
PAPER 11 |
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RECEIVABLE MANAGEMENT OF INDIAN CEMENT INDUSTRY IN A CHANGED SCENARIO |
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| A. Jeyachitra, E.Bennet, P.Nageswari* and S. Parasuraman** |
| * Research Scholars, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India |
| ** Head, Department of Commerce, Selvamm Arts & Science College, Namakkal, Tamil Nadu, India |
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| A firm’s profitability is determined partly by way of its working
capital management. An efficient management of working capital will
yield significant results and its neglect can be highly dangerous to any
firm. The Cement Industry is one of the fast growing industries in
India. In 2009, there was an increase of 2.9% in sales of cement, when
compared to the last two years of sales. This shows that the
construction work in the country, especially the usage of cement in the
housing industry, is on the increase. As cement industry is capital
intensive it is really worth asking if these companies are efficiently
managing their receivables. A sample of 10 companies were selected for
this study on the basis of high sales turnover and data for this study
were collected for a period from 2001 to 2008 to analyze whether the
sample companies really managed their receivables or not. The study used
Ratio Analysis and ANOVA as tools to find out the efficiency of
Receivable Management. |
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