Abstract
Liquidity management refers to a set of processes, strategies and supporting mechanisms that ensure a firm’s ability to access cash to meet its short-term financial obligations. The present paper focuses on twelve major cement producing companies selected on the basis of turnover in FY 2019-20 and divided into three groups i.e. high turnover (turnover > ₹ 10,000 crore), medium turnover (turnover between ₹ 5,000 crore to ₹ 10,000 crore) and low turnover (turnover < ₹ 5,000 crore). For the purpose of analysis and interpretation, current ratio (CR) has been considered and appropriate statistical measures like mean, standard deviation and coefficient of variation have been computed. For testing hypotheses and making conclusions, Single Factor ANOVA is applied. The study finds a significant difference in the current ratio among the sample groups under study. The period of study remained ten years i.e. from 2010-11 to 2019-20.
Subject
Microbiology (medical),Immunology,Immunology and Allergy
Reference22 articles.
1. Analysis of effects of profitability, asset structure size of companies, and liquidity to capital structures in mining companies listed in Indonesia stock exchange period 2012-2015;Ahmad;JRMSI-Journal Riset Manajemen Sains Indonesia,2017
2. Corporate liquidity and capital structure;Anderson;The Review of Financial Studies,2012
3. Bhunia, A. & Brahma, B. (2011). Importance of liquidity management on profitability. Business Perspectives, Asian Journal of Business Management 3(2), 108-117.
4. Bhunia, A., & Khan, I. U. (2011). Liquidity management efficiency of Indian Steel Companies (a case study). Far East Journal of Psychology and Business, 3(3), 1-13.
5. Fahlevi, M. R., & Murlinah, A. (2018). The influence of liquidity, capital structure, profitability and cash flows on the company's financial distress. Jurnal Bisnis dan Akuntansi, 20(1), 56-68.