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AN EMPIRICAL STUDY ON WORKING CAPITAL MANAGEMENT AND PROFITABILITY
M. Eswarareddy

Published in: International Journal of Current Engineering And Scientific Research ( IJCESR)
Volume- 4, Issue-8, pp.91-95, Aug 2017
DPI :-> 16.10046.IJCESR.2017.V4I8.9195.1910



Abstract
Working capital refers to the firm’s investment on current assets. The management of working capital is very important to financial manager for maintaining the financial health of business organizations as well as smooth running of the day to day operations. The amounts invested in working capital are often high in proportion to the total assets employed and so it is vital that these amounts are used in an efficient way. The management of working capital affects the liquidity and the profitability of the business firm and consequently it’s net worth (Smith, 1980). Working capital management therefore aims at maintaining a balance between liquidity and profitability while conducting the day to day operations of business concern. The main aims of the study to provide empirical evidence about the effects of working capital management on profitability performance of CNX Automobile companies listed on National Stock Exchange of India. The study uses different working capital measurements for a sample population of Indian firms.

Key-Words / Index Term
Working capital management, liquidity and profitability, automobile industry

How to cite this article
M. Eswarareddy , “AN EMPIRICAL STUDY ON WORKING CAPITAL MANAGEMENT AND PROFITABILITY”, International Journal of Current Engineering And Scientific Research ( IJCESR), 4, Issue-8, pp.91-95, Aug 2017. DPI:16.10046.IJCESR.V4.I8.1910