Business, Management and Accounting
4 years ago

Optimizing working capital boosts profits for Indian Oil Corporation Ltd.

˜The œICFAI Journal of Accounting Research
Working Capital Management and Its Impact on Profitability: A Case of Indian Oil Corporation Ltd
Tanushree Sharma, Utkarsh Rathore

Paper Summary

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Working capital management is crucial for organizations like Indian Oil Corporation Ltd. It directly impacts their liquidity and profitability. The study looked at different ratios to see how efficiently working capital was managed. The results showed that some ratios, like Current Ratio and Cash Turnover Ratio, had a positive relationship with profitability. On the other hand, ratios like Debtors Turnover Ratio and Inventory Turnover Ratio had a negative relationship with profitability.