Download or read book Working Capital Management and Its Impact on the Profitability of Tata Motors written by Mubashir Hassan and published by . This book was released on 2018 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to investigate the impact of working capital management on the profitability of Tata Motors using cash conversion cycle as an important determinant to find out the important linkages between the variables under study. The paper seeks to extend Lazaridis and Tryfonidis's findings regarding the relationship between working capital management and profitability. The study is based on secondary data obtained from published annual reports of Tata Motors and Indian Brand Equity Foundation for a period of five (05) years from 2013 to 2017.This paper aims to establish twin objectives of finding out a statistically significant relationship between variables under study and to help explain the necessity of firms optimizing their level of working capital management and maintaining enough liquidity as it affects the profitability. The result of this study clearly shows significant level of relationship between the profitability indices as well as working capital components. The data have been analysed using SPSS (ver.16.0) for generating better reliability of the results.
Download or read book Variables Affecting Working Capital Management of Tata Motors written by Nitin Untwal and published by . This book was released on 2020 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, several factors contribute to the working capital management are difficult to examine. Data collected on these factors often has several variables. It is a non-trivial exercise to determine which of the factors that significantly influences the working capital. This paper adopts the use of Principal Component Analysis (PCA) on the several variables expected to influence the working capital management of Tata Motors. The principal component analyses have identified the factors and are expected to assist the mangers to identify areas where they might improve financial performance of their operation. Finally the variables ROA, DTO, ITO, CSR, CR are having communalities greater than 0.5 are incorporated and Each variable is loaded on a single component, thereby enhancing the interpretability of the factors. The variables can be broadly classified in to four viz, profitability (ROA), efficiency (DTO and ITO), absolute liquidity(CSR) and liquidity factor(CR). The above identified variables can be used for multiple regression analysis.
Download or read book A Study of Working Capital Management in Tata Motors LTD written by Dr. Yashodhan Mahajan and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The management of current assets is similar to the management of long term assets in the sense that the both the cases a firm analyses their effects on its return and risk. The management of long term and current assets, however, differs in three important ways: first, in managing long term assets' time is a Very important factor' consequently discounting and compounding techniques play a significant role in capital budgeting and a minor one ln the management of current assets, second, the large holding of current. Assets' especially cash, strengthens the firms liquidity position, but are also reduce the overall profitability Thus a risk return trade off is involved in holding current assets. Third, levels of fixed as well as current asset depend upon expected sales but it is only current assets that can be adjusted with sales fluctuations in the short run. Thus the firm has a greater degree off flexibility in managing the current assets.
Download or read book A Study On Working Capital Management at Tata Motors written by Sathya Yadav and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital is regarded as lifeblood of a business. A study of working capital is of major importance to internal and external analysis because of its close relationship with the day-to-day operations of a business. The inadequacy or mismanagement of working capital is the leading cause of business failures. The goal of working capital management is to ensure that the firm is able to continue its operation ad that it has sufficient cash flow to satisfy both maturing short term debt and upcoming operational expenses. The major objective of this study is to understand the working capital management of Tata Motors and to suggest remedial measures to overcome the shortfalls if any. This was done through exploratory research method using the analysis of annual reports of the company.
Download or read book Data Analytics for Finance Using R Programming Application A Case Study on Measuring the Impact of Working Capital Management on Profitability With Special Reference to Tata Motors written by Nitin Untwal and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study is about measuring the impact of liquidity and efficiency of working capital on return on investment or Asset in the form of empirical test analysis. The independent variables are liquidity and efficiency ratios of working capital. The dependent variable is return on asset ratio further researcher had used R- programming for analysis. The data frame is prepared in R-programming and loading the data for analysis is done to draw predictive modelling results. The author collected secondary data from Screener data base. Screener is a stock screener and research tool for Indian stocks. Period of study is 2008 -2014 of Tata Motors.
Download or read book The impact of working capital management on the profitability of a manufacturing company written by Jones Jalis and published by GRIN Verlag. This book was released on 2021-02-22 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2018 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.5/5.0, , course: Accounting and Finance, language: English, abstract: This study aims to evaluate the impact of working capital management and its main components on the profitability of manufacturing companies having Nigeria Bottling Company as the case study. The study is restricted to manufacturing companies (Nigeria Bottling Company) and limits itself to the information in the annual report and accounts of the company under review. This study covers a period of eight (8) years (2009-2017). Three objectives, research question and hypotheses which will serve as a guide for the project writing giving the work good direction, were formulated. The Research design and study used where Ex Post-facto design and secondary source of data respectively, population of the study is the manufacturing companies represented by Nigeria Breweries Company PLC. The data collected will be analyzed using multiple regression and simple regression to establish the relationship between both variables used in the work.
Download or read book Working Capital Management Concepts And Strategies written by H Kent Baker and published by World Scientific. This book was released on 2023-03-21 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working capital refers to the money that a company uses to finance its daily operations. Proper management of working capital is critical to financial health and operational success. Working capital management (WCM) aims to maximize operational efficiency by maintaining a delicate balance among growth, profitability, and liquidity. WCM is a continuous responsibility focusing on a firm's day-to-day operations involving short-term assets and liabilities. By efficiently managing a firm's cash, accounts receivable, inventories, and accounts payable, managers can help maintain smooth operations and improve a company's earnings and profitability. By contrast, poor WCM could lead to a lower credit score, financial insolvency, legal troubles, liquidation of assets, and potential bankruptcy.This book provides an objective look into the dynamic world of WCM. Its coverage extends from discussing basic concepts and their applications to increasingly complex and real-world situations. The book stresses that WCM is a combination of both art and science. This volume spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. Readers can gain an in-depth understanding of this subject from experts in this field. Those who want a broad survey will benefit, as will readers looking for more in-depth presentations of specific areas within this field of study. In summary, Working Capital Management: Concepts and Strategies provides a fresh look at this intriguing but often complex subject of WCM.
Download or read book Working Capital Management written by A. Vijay Kumar and published by Northern Book Centre. This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of working capital is of major importance to internal and external analysis because of its close relationship to current day-to-day business. In fact, the study of working capital management needs special attention for the efficient working and survival of a business. It has been often observed that the shortage of working capital leads to the failure of a business. The proper management of working capital may bring about the success of a business firm. To run the business smoothly and to meet the day-to-day operational requirements, working capital funds are very essential. With this background in view, the present study was undertaken for a proper insight into the Management of working capital in the sugar industry. The book provides multidirectional and multidimensional investigation of various aspects of working capital management. The book discusses all the important aspects in a systematic manner. Apart from its extensive coverage and lucid presentation, the strength of the book lies in its Indian background. This book will be of immense use particularly to University and College teachers, Chartered Accountants, Company Secretaries, M.Com. B.Com., and MBA students and other professional courses. In addition, it would be a useful reference book for researchers and Financial Managers.
Download or read book Working Capital Management written by Lorenzo Preve and published by Oxford University Press. This book was released on 2010-04-28 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital Management provides a general framework that will help managers understand working capital using a comprehensive approach that links operating decisions to their financial implications and to the overall business strategy. It will also help managers to gain a better understanding of the key drivers to profitability and value creation.
Download or read book Impact of Working Capital Management on Profitability written by rafathunnisa Syeda and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of any business depends on its profitability, liquidity, and solvency. Liquidity plays an important role in the successful running of a business. Many prior studies have been conducted to measure the relationship between working capital and profitability. The results showed that the high investment in inventories and receivables is associated with lower financial performance. They found a negative relationship between Return on Assets and Inventory turnover and Cash conversion cycle the present study is designed to know the direct impact of working capital on profitability by choosing the days of collection, days of payment, days inventory converts to sales and finally the cash conversion cycle. This study examines the association between the profitability and working capital using the data of 15 US trading companies for the period of 2015 to 2019. The key points in this study are firstly there exists a negative relationship between the profitability and the average collection period, the lower the average collection period higher will be the profitability, indicating that a decrease in the number of days a firm receives payment from sales affects the profitability of the firm positively. Secondly there is a highly significant positive relationship between average payment period and profitability. This implies that the longer a firm makes the payment to its creditors, the more profitable it is. Thirdly the cash conversion cycle decreases it will lead to an increase in profitability of the firm, and managers can create a positive value for the shareholders which indicates that it has been maintained. The regression analysis showed the value for the R-squared in the model is 0.584, i.e., 58.4% of the variation in the dependent variable Net Profitability is explained by the independent variables.
Download or read book Emerging Trends and Practices in the Sphere of Commerce and Management written by Dr.Punit Kumar Kanujiya,Hargun Sahni and published by SHREE VINAYAK PUBLICATION. This book was released on with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book is Addressing seventeen Articles related to a Study on Celebrity Endorsement and its Impact on Cunsumer Attitudes and Buying behavior with special reference north Chennai,Emerging Trends and Practices in the Sphere of Commerce and Management ,Corporate Socia Resonsibility as a measure of sustainability:A Literature review approach ,formative or Reflective Measurment Model Assesment ...... This edited Book is presented in very simple,lucid and logical format and its believed that this edited book wll be of great interest of concerned faculty members ,researchers,professonals Managers ,policy makersand anyone looking to gain a solid foundation to continue their learning of the dynamics of human resource.
Download or read book Working Capital Management written by Bhalla V.K. and published by S. Chand Publishing. This book was released on 2014 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital Management: An Overview 2. A Valuation Framework 3. Working Capital Policies 4. Cash Management Systems: Collection Systems 5. Cash Management Systems: Cash Concentration Systems 6. Cash Management Systems: Disbursement Systems 7. Forecasting Cash Flows 8. Corporate Liquidity And Financial Flexibility 9. Cash Management Optimisation Models 10. Receivables Management: Trade Credit 11. Receivables Management: Credit Granting Decisions 12. Monitoring Accounts Receivables 13. Payables Management And Instruments Of Short-Term Financing 14. Inventory Management 15. Programming Working Capital Management 16. Integrating Working Capital And Capital Investment Processes 17. Monetary System 18. Money Market In India 19. Banking System In India 20. Working Capital Control And Banking Policy ..... 27. Managing Short-Term International Financial Transactions Appendices Index
Download or read book Working Capital Management written by N.K. Jain and published by APH Publishing. This book was released on 2004 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Working Capital Management on Firm S Profitability Listed in Psx written by Farheen Ramsha and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working capital management deals with the balance of current assets and liabilities. Working capital management maximizes the level of firms to an optimal value. With time evidence has shown a significant impact of working capital on the performance of firms. Working capital management addresses the management of companies' short-term capital and the objective of working capital management is to endorse satisfying profitability and minimize liabilities.Hence, the study examines the impact of working capital management on automotive manufacturing firms listed on the Pakistan Stock Exchange for the period 2007-2016. Profitability was measured by the performance of the firms by the rate of return on assets as the dependent variable. The cash conversion cycle, average payment period, inventory conversion period, and average collection period determined the working capital of the firms as independent working capital variables. Moreover, the control variable is firm size.The data was examined using EViews (version 10). The finding reveals that the average collection period, inventory conversion period, average payment period, and cash conversion cycle have an insignificant negative relationship with profitability. In the case of firm size, its relationship with profitability is positively significant. The value of R square reveals that our model is capturing 58% variation from independent and control variables. The value of F statistics indicates that our model is well fitted. In general collection payments from customers earlier and paying suppliers longer, keeping the product in stock less time, are all related to positive performance. Therefore, managers can increase a firm's profitability by improving the performance of management of working capital components. The study in this case is done with delicate methods and proper sample models taken from verified sources.
Download or read book Working Capital Management and Its Impact on Financial Performance written by Rathiranee Yogendrarajah and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses. The needs of efficient working capital management must be considered in relation to other aspects of the firms' financial and non-financial performance. An efficient Working Capital Management is expected to contribute to the high financial performance. The main purpose of this study was to investigate the working capital management and its impact on firms' financial performance. The efficiency of working capital management was investigated through the cash conversion cycle. The research problem focused here -- What extent the working capital management influences on financial performance of the trading firms? -- A strong significant relationship between working capital management and profitability has been identified in previous research. It was assumed that -- The efficient working capital management has strong impact on financial performance. -- The dependent variable Return on Assets is used as a measure of profitability of financial performance and its' relationship with working capital management was investigated to find out the results. Samples of 9 trading firms have been selected from the companies listed by the Colombo stock exchange using Statistical Package for Social Sciences (SPSS) for the period of 2004 to 2009 to find out the results. The regression analysis results show that the high investment in inventories and receivables is associated with lower financial performance (ROA). For this analysis the inventories days, accounts receivable days, accounts payable days and cash operating cycle have been used. The findings also revealed that some firms have efficient working capital management and some have inefficient working capital management in the trends of working capital according to the cash operating cycle.
Download or read book Working Capital Management Text And Cases 7Th Rev Ed Royal Size 2003 written by V.K. Et Al. Bhalla and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Management Of Working Capital Is An Important And Time Consuming Aspect Of Managerial Finance. Sufficient Working Capital Must Be Provided In Order To Take Care Of The Normal Process Of Purchasing Raw Materials And Supplies, Turning Out Finished Products, Selling The Products, Waiting For Payments To Be Made. If The Original Estimates Of Working Capital Are Insufficient, Some Emergency Measures Must Be Restored To Or The Business Will Come To A Dead Stop. Inadequate Levels Of Working Capital Can Result In Serious Financial Difficulties, And Even Bankruptcy; Excessive Levels Are Likely To Reduce Corporate Profitability And Ultimately Cause The Firm S Effectiveness And Market Value To Decline.For The Students Of Mba/Commerce/Business Economics At Various Universities/Institutes, Chartered Accountants, Company Secretaries And Other Professional Courses, The Text Is Designed To Fill The Gap And Also Transmit Some Of The Excitement Of Current Thinking And Controversy. The Detailed Knowledge Gained By The Reader Should Make Him More Conversant With The Discipline And Should Provide A Strong Conceptual Foundation.
Download or read book Working Capital Management written by Krish Rangarajan and published by Excel Books India. This book was released on 2006-08 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
