AN EMPIRICAL ANALYSIS OF INVENTORY EFFICIENCY OF MAJOR REFINERIES IN INDIA

This paper evaluates the inventory management policies of four major petro chemical industries in India. The companies were selected on the basis of turnover. The financial statements of the companies for 5 years from 2012-2016 were considered for the study. The objective of the paper is to understand if there is any uniformity in the inventory management policies adopted by these companies. Inventory turnover ratio for these companies are computed and compared using Anova single factor Test and Tukey test to reflect the significant difference in the calculated ratios.