A STUDY ON FINANCIAL PERFORMANCE OF PHARMACEUTICAL COMPANY USING FIVE POWER ANALYSESJournal: International Journal of Business Management & Research (IJBMR) (Vol.4, No. 5)
Publication Date: 2014-10-28
Authors : M. Parveen; O. M. Haja Mohideen Impact Factor;
Page : 45-50
Keywords : Financial Performance; Cipla Pharmaceutical Company; Descriptive Statistics; Multiple Regressions; Inventory Turnover Ratio; Debtors Turnover Ratio; Creditors Turnover Ratio; Total Asset Turnover Ratio and Gross Profit Margin;
Every enterprise whenever big, medium or small needs finance to carry on its operations and to achieve its target. This study is to provide an insight into concept of financial performance using five power analysis consists of Inventory turnover ratio, Debtors turnover ratio, Creditors turnover ratio, Total asset turnover ratio and Gross profit margin. The primary objective is to determine the financial performance of Cipla pharmaceutical company using five power analyses. The secondary objectives are to examine the relationship between Inventory turnover, Debtors turnover, Creditors turnover and Total asset turnover with Gross profit margin. Descriptive analysis is used to help researcher to describe the relevant aspect of financial performance and Quantitative analysis to measure the degree of association between different variables under consideration and researcher used regression analysis to examine the relationship of independent variable with dependent variable. The sample of the study is Cipla pharmaceutical limited. By using the analysis it was found that the Debtors Turnover Ratio and Gross Profit Margin have the highest standard deviation. Debtors Turnover Ratio enables funds for the transaction because the Cipla pharmaceutical company collects their debts quickly from their customer. Cipla pharmaceutical company has quiet satisfactory because collection period is very short. Assets turnover ratio has high negative relationship with profitability. This study is concluding that the Cipla pharmaceutical limited is quite satisfied in their financial performance.
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Last modified: 2014-10-29 21:20:49