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Das, Somnath
- Business and Financial Risk: a Study on Fmgc Companies in India
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1 Rabindra Mahavidyalaya, Hooghly., IN
1 Rabindra Mahavidyalaya, Hooghly., IN
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Journal of Commerce and Accounting Research, Vol 2, No 1 (2013), Pagination: 34-43Abstract
The paper is an attempt to analyse the Business Risk and Financial Risk and its effect on profitability of well known FMCG companies (HUL, Nirma, Dabur and Marico) in India. The secondary data for analysis is retrieved from Capitaline database for ten years period from 1995-96 to 2005-06. The study aims to measure Business risk with the help of FTTR and DOL and Financial Risk with the help of DFL and DER and total risk with the help of DOL and DFL. The study also explores effects of profitability i.e. Profit before interest and tax margin (PBITM), Return on capital employed (ROCE) and Return on Net-Worth (RONW) to the firm's performance. The study measure the relationship between the Business Risk and Financial Risk by using Pearson's simple correlation technique and to test such coefficients by 't' test. The study of the interrelation between the business risk associated with all the companies and their operating earning capability does not confirm to the generally accepted rule that higher the degree of business risk greater the profitability.Keywords
Business Risk, Financial Risk, FMCG Companies, Degree of Operating Leverage, Degree of Financial Leverage
References
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- Creditworthiness Measures the Efficiency of Cash Management-A Study on it Sector
Abstract Views :244 |
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Authors
Affiliations
1 Rabindra Mahavidyalaya, Champadanga, Hooghly, West Bengal, IN
1 Rabindra Mahavidyalaya, Champadanga, Hooghly, West Bengal, IN
Source
Journal of Commerce and Accounting Research, Vol 3, No 4 (2014), Pagination: 6-14Abstract
We live in a competitive age of environment. Sound credit management approach can ensure success in this environment. Credit analysis is nothing but risk analysis. Today's competitive environment and changing scenario, every business organization tries to overcome such situation. To cope with malfunctioning in competition, market share and economies in business, many small businesses walk in the path of mergers and acquisitions, and giant organisations take advantage. Now the companies are diversified into variety of products and services. So, to make the organisation profitable, some objective information is required. Now a days as business firm grows or is taken over by large organisation, therefore, the decision making process becomes more complex and centralised and the old traditional methods of credit analysis become misleading. So in this paper we tried to give importance to the effect of creditworthiness on cash management.Keywords
Liquidity, Cash Management, Creditworthiness, Credit Score, Risk Description Model and Efficiency of Cash Management.- Cash Management in IT Sector- A Study
Abstract Views :193 |
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Authors
Affiliations
1 Rabindra Mahavidyalaya, Champadanga, Hooghly, West Bengal, IN
1 Rabindra Mahavidyalaya, Champadanga, Hooghly, West Bengal, IN
Source
Journal of Commerce and Accounting Research, Vol 4, No 3-4 (2015), Pagination: 27-39Abstract
Cash plays a very important role in modern business, specifically a new one. Cash is the life blood of every business. Cash may be in the form of liquid money, bank balance etc. In this respect, cash management is both art as well as science of managing a company's short-term resources for its ongoing activities, mobilising funds and optimising liquidity. In this contest another important concept which is related with the cash management is the Treasury technique which emphasizes the liquidity by different factors and processes which convert immediately into cash for increasing profitability. Inefficient cash management may lead the company to bankruptcy. In this paper we highlighted different perspectives by which we can control the corporate cash of the company from Cash Conversion Cycle, Cash Flow, and Creditworthiness point of view. In this paper we tried to interlink among them to control and manage cash well, so that bankruptcy can be prevented and profitability should be improved.Keywords
Cash Management, Treasury Management, Cash Conversion Cycle, Cash Holding and Creditworthiness.- Measuring the Performance Through Cash Flow Ratios-A Study on CMC
Abstract Views :259 |
PDF Views:1
Authors
Affiliations
1 Department of Commerce, Rabindra Mahavidyalaya, Champadanga, Hooghly, West Bengal, IN
1 Department of Commerce, Rabindra Mahavidyalaya, Champadanga, Hooghly, West Bengal, IN
Source
Journal of Commerce and Accounting Research, Vol 6, No 4 (2017), Pagination: 1-9Abstract
Cash flow ratios of a company help its financial users to get relevant information regarding its financial resources for a given period. Cash flow ratios are now being randomly used by the researchers, rather than traditional ratios. It is more effective and justified. Cash flow-based ratios are especially surprising. This is because they do not only play a significant role in the credit rating of evaluation, but also forecast the failure of a corporation. In this study, we considered the company CMC for analysis. From the study, it is clear that the liquidity and solvency position of the company is moderate, whereas the company maintained low profitability. On the other hand, the efficiency ratios and sufficiency ratios the study gives us provide a new look of financial judgement.Keywords
Liquidity, Solvency, Profitability, Efficiency, Sufficiency Ratios.References
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