Working Capital Management In Steel Industry A Comparative Study Of Selected Companies

Abstract

newlineWorking capital is considered to be the core to the whole system of business operations and involvement of finance therein. It directly influences the liquidity and profitability of a business concern. Therefore, it holds an important place in financial management. Precisely, working capital management refers to the process of planning and controlling the level and mix of current assets and its financing. Thus, efficient and effective working capital management plays an important role in maintaining the financial health of a business by maintaining the solvency, liquidity, profitability and goodwill of a business.