Business, Management and Accounting
4 years ago

Negative impact of payables on sugar companies' profits revealed in study.

International Journal of Financial Management
Impact of Working Capital Management on Profitability among Sugar Manufacturing Companies in India
Mihir Dash

Paper Summary

Working capital management is crucial for sugar companies in India. A study looked at 15 major sugar companies from 2008-18. They found that payables negatively affect profitability, while debt-equity ratio also has a negative impact. On the other hand, fixed assets turnover ratio positively influences profitability.

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