Analysis of Working Capital, ROA and Business Turnover for Firms in the FMCG, Manufacturing and Infrastructure Sectors in India

Talwar Shalini
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Talwar Shalini: K J Somaiya Institute of Management Studies and Research, Mumbai, India

Economics and Applied Informatics, 2018, issue 3, 22-28

Abstract: This research examines the relationship between working capital, buniness turnover and ROA for listed Indian firms in the fast moving consumer goods (FMCG), manufacturing and infrastructure sectors. Annual accounting data collected over a decade has been analysed using both, OLS regression of independent samples as well as panel data study of pooled sample. The study tested the association between working capital and business turnover and working capital and return on assets. The results of regression run separately for each firm representing the sectors under the study support the hypotheses of the study only partially. However, the outcome of panel data analysis supports both the hypotheses for listed firms in India. The the study offers some key takeaways for the decision makers planning their working capital management strategies.

Keywords: Turnover; OLS regression; Panel data; Profitability; ROA; Working capital (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2018:i:3:p:22-28

DOI: 10.26397/eai1584040913

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