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Volume II Issue II 2016

Volume II Issue II 2016
SHORT TERM FUND MANAGEMENT IN COMPARATIVE FRAMEWORK:THE TATA STEEL AND SAIL EXPERIENCE.

Year:2016 Volume II Issue II

Print ISSN :2454-6542,Online ISSN:2454-6542

Received on:24th May 2016, Received in Revised Form:5th June 2016, Accepted On:12th June 2016

Satyapriya Sen
Research Scholar Dept of Commerce, Utkal University

Corresponding Author: suiviki@gmail.com

Abstract

The purpose of this paper is to compare short term fund management of Tata Steel and SAIL. The current study is analytical in nature. The researchers collect, compile and analyze publically available data. The data for the study is current assets (CA), current liabilities (CL), working capital, EBIT, capital employed (CE), fixed assets (FA) of the sample company. Besides, the ratios like current ratio (CR), return on capital employed (ROCE). These ratios of selected companies collected from the Annual Reports over the period 2006 to 2015. Descriptive as well as inferential statistical tools are used to draw conclusions. The study depends more on empirical procedures rather than a theoretical justification. The research is totally based on publically available information and limited with regard to the time span and sample size. No holdout sample has been used and the entire data set is subjected to simple statistical analysis. This to some extent limits the findings and implications. The results first suggest that, short term fund and profitability position of TATA Steel is different SAIL and second, positive relationship between risk & profitability, liquidity of both the sample company.

Keywords

Current Assets, Current Liabilities, Working Capital,Capital employed, Fixed Assets

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