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Shah, Paresh
- Evaluation of Profitability and Liquidity Relationship through Multivariate Working Capital Analysis
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Affiliations
1 Accredited Management Teacher Author of Oxford University Press, and Wiley, IN
1 Accredited Management Teacher Author of Oxford University Press, and Wiley, IN
Source
Drishtikon: A Management Journal, Vol 3, No 2 (2012), Pagination:Abstract
This paper is empirical investigation of the evaluation of relationship between profitability and liquidity trade off through the application of working capital analysis. The trade off have been studied of the firms operating in pharmaceutical sectors in India, and they are privately owned public limited companies. The secondary data from the published annual reports of the five years are taken into consideration to form the financial analysis and development of profitability line and liquidity line. I investigated two major privately owned public limited pharmaceutical manufacturers, with five years' actual and published historical data. This paper also focuses on the conflicting dimensions of involvement of individual ratios in framing the conclusion with respect to profitability and liquidity measurement in traditional and old age way. Researcher has framed the multi variate relationship between set of financial ratios instead of traditional performance measurement of individual ratio. That is among other characteristics, researcher has used a state space of time, with time series data, and based on that formed the multi linear equation to verify the validity of the data base. It argues that advising is congruent while monitoring is dissonant with respect to measurement and analysis of financial performance and soundness. This analysis provides possible existences of set of ratios relationships. The implication of the model coincides with observed features of financial ratio, and additionally tries to establish the statistical measurement and confidence level with respect to set of them. The paper has provided a strong relationship between the sets of ratios based on four distinct but interrelated issues.
References
- Shah, Paresh, (2009), Financial Management, 2nd edition, Biztantra, India,p.396
- Eljelly, A. (2004), “Liquidity-Profitability Tradeoff: An empirical Investigation in an Emerging Market”, International Journal of Commerce & Management, Vol 14 No 2 pp. 48 - 61
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- Shah, Paresh, (2009), Financial Management, 2nd edition, Biztantra, India,p.398
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- Evaluation of Financial Soundness through Bivariate Accounting Based Performance Measurement
Abstract Views :197 |
PDF Views:0
Authors
Affiliations
1 Accredited Management Teacher, Director, Fenil Institute (Training Centre of Professional Courses), Ahmadabad
1 Accredited Management Teacher, Director, Fenil Institute (Training Centre of Professional Courses), Ahmadabad
Source
Drishtikon: A Management Journal, Vol 1, No 2 (2010), Pagination: 352-368Abstract
This paper is empirical investigation of the evaluation of financial soundness of the firms operating in pharmaceutical sectors in India, and they are privately owned public limited companies. The secondary data from the published annual reports of the five years are taken into consideration to form the financial soundness. I investigated two major privately owned public limited pharmaceutical manufacturers, with five years data. This paper also focuses on the conflicting dimensions of involvement of individual ratios in framing the conclusion with respect to financial soundness in traditional way. Researcher has formed the bivariate relationship between set of financial ratios instead of traditional performance measurement of individual ratio. That is among other characteristics, researcher has used a state space of time, with time series data, and based on that formed the linear equation to verify the validity of the data base. It argues that advising is congruent while monitoring is dissonant with respect to measurement and analysis of financial soundness. This analysis provides possible existences of set of ratios relationships. The implication of the model coincides with observed features of financial ratio, and additionally tries to establish the statistical measurement and confidence level with respect to set of them. The paper has provided a strong relationship between the sets of ratios based on four distinct but interrelated issues.Keywords
Assessment of Performance, Chi-square, Correlation Coefficient, Dividend Payout Ratio Based on Cash Profit, Total Debts to Owned Funds, Dividend Payout Ratio Based on Net ProfitReferences
- Caouette, John, B., Altman, Edward, I., and Narayanan, Paul., (1998), Managing Credit Risk – The Next Great Financial Challenges; John Wiley and sons; USA.
- Garrison, Ray, H., (1976), Managerial Accounting : Concepts for Planning, Control, Decision making, Business Publication Inc., Dallas, Taxas, p.607.
- Kennedy, R.D., and McMullen, S. Y., (1950), Financial Statements- Form, Analysis and Interpretation, Richard.D.Irwin, Illinois, pp. 215-216.
- Kennedy, R.D., and McMullen, S. Y., (1950), Financial Statements- Form, Analysis and Interpretation, Richard.D.Irwin, Illinois, p. 392.
- Pandey, I.M., (2005),Financial Management,9th Edition, Vikas, India, p.532.
- Shah, Paresh, (2009), Management Accounting, Oxford, India, p. 395
- Shah, Paresh, (2007), Basic Financial Accounting for Management, Oxford, India,p.418
- Shah, Paresh, (2009), Financial Management, 2nd edition, Biztantra – Wiley India, India,p.653
- The Hurdle to Implementation of ABC in Automotive engineering MSME Units in Gujarat
Abstract Views :180 |
PDF Views:0
Authors
Affiliations
1 Gujarat university., IN
2 Principal and Professor, Rai School of Management Studies, Rai University, Ahmedabad, IN
1 Gujarat university., IN
2 Principal and Professor, Rai School of Management Studies, Rai University, Ahmedabad, IN
Source
Global Journal of Research in Management, Vol 12, No 1 (2022), Pagination: 73-81Abstract
There has been much debate over the best method of accounting for the costs incurred by India's manufacturing sector, particularly the sectors devoted to the mechanical processing of goods. However, it is widely accepted that many small and medium-sized enterprises (SMEs) in the Automotive Engineering industry continue to use outdated costing methods because they lack access to modern resources and training. In their review of the existing literature, the authors identified a need for further investigation into the challenges faced by the small and medium-sized enterprises (SMEs) in India's Automotive Engineering Industry when adopting the ABC costing approach. The ubiquity of SMEs, especially those involved in the automotive engineering industry, gives this study great importance for offering practical advice.Keywords
ABC, Costing, SME, Industry.References
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