SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES VOL. 6 NO. 1 PAPER 11
 
RECEIVABLE MANAGEMENT OF INDIAN CEMENT INDUSTRY IN A CHANGED SCENARIO
 
A. Jeyachitra, E.Bennet, P.Nageswari* and S. Parasuraman**
*   Research Scholars, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India
** Head, Department of Commerce, Selvamm Arts & Science College, Namakkal, Tamil Nadu, India
 
A firmís profitability is determined partly by way of its working capital management. An efficient management of working capital will yield significant results and its neglect can be highly dangerous to any firm. The Cement Industry is one of the fast growing industries in India. In 2009, there was an increase of 2.9% in sales of cement, when compared to the last two years of sales. This shows that the construction work in the country, especially the usage of cement in the housing industry, is on the increase. As cement industry is capital intensive it is really worth asking if these companies are efficiently managing their receivables. A sample of 10 companies were selected for this study on the basis of high sales turnover and data for this study were collected for a period from 2001 to 2008 to analyze whether the sample companies really managed their receivables or not. The study used Ratio Analysis and ANOVA as tools to find out the efficiency of Receivable Management.
 
KEYWORDS: Working Capital Management, Efficient Management, Cement Industry. JEL CLASSIFICATIONS: L61, E22, G32 FULL TEXT