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- Title
FINANCIAL MANAGEMENT FOCUS ON WORKING CAPITAL UTILIZATION IN THE INDIAN COTTON TEXTILE INDUSTRY : METHODOLOGICAL ANALYSIS.
- Authors
Rao, Chinta Venkateswara; Azhagaiah, Ramachandran; Rao, K. Chandrasekhara
- Abstract
This paper is aimed at analyzing the trends and patterns of efficiency of WC (WC) utilization in respect of size of firms of cotton textile sector in India on the application of three indices viz., Performance Index (PI), Utilization Index (UI), and Efficiency Index (EI). For the purpose of analysis the selected firms are classified into three size categories viz "Small", "Medium" and "Large" based on average assets size over the study period. The study reveals that Linear Growth Rate (LGR) of PI, UI and EI in respect of WC efficiency for small size firms is significant while that of for medium size firms, the trend of UI alone is significant. The trend of PI, UI and EI for large size firms is insignificant. On the whole, despite the positive growth in PI, the WCM efficiency of overall firms is found to be not encouraging because the constant factors are declining, which shows that the fixed components of WC are more than the varying components of the WC.
- Publication
Journal of Financial Management & Analysis, 2010, Vol 23, Issue 2, p63
- ISSN
0970-4205
- Publication type
Academic Journal