An Evaluative Study on Measuring Financial Performance of Ashok Leyland LimitedJournal: International Journal of Science and Research (IJSR) (Vol.9, No. 4)
Publication Date: 2020-04-05
Authors : Modi Vishakhaben;
Page : 640-644
Keywords : Financial performance; profitability;
This paper attempts to evaluate the financial performance of Ashok Leyland Limited. For this purpose data were collected through secondary sources that consist of annual reports, articles, journals and consolidated financial statements for the period of 2014-15 to 2018-19. The data were analyzed through different accounting ratios. Statistical tools Mean, Standard Deviation and Coefficient of variance were also used to analyze the data. For a better understanding different charts were used in this study. This study concludes that profitability shows company generated a good amount of profit but, liquidity ratios show week liquidity position of company further management efficiency ratios shows good strategies and dynamic policies for inventory management and also assets are efficiently used by the company and at the last solvency ratios shows the company is strong enough to afford the debt and taking the benefits of trading on equity. So, it shows the overall good financial performance of the company during the study period.
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