Paper Key : IRJ************692
Author: Mrs Poonam Soni,Dr. Bhumikaben Patel
Date Published: 12 Dec 2024
Abstract
It tends to study the relationship that does exist between working capital management and selected Indian pharmaceutical companiesprofitability. In pharmaceutical firms, Working Capital Management is obviously an important concern because, commonly the signs of operational efficiency and financially steady balance have a strong belief to end up with high profitability. Therefore, it is considering key financial indicative like a current ratio, quick ratio, and cash conversion cycle in the research among chosen companies. The associations between components of working capital with indicators of profitability, namely ROA and NPM, are dealt with in the underlying research by using respective statistical tests. This would lead to a better understanding that may advocate recommendations as to how one can improve financial performances through optimizations in working capital strategies of the pharmaceutical industry.
DOI LINK : 10.56726/IRJMETS64842 https://www.doi.org/10.56726/IRJMETS64842