Abstract: In this research paper author have attempted to analyse the profitability aspect of growing sector of plastic industry of Gujarat (India) during 2001- 2010 by taking a sample of 15 public limited listed companies which are working in the Gujarat state region of India on the basis of different size, age, area etc.
Then the researcher have collected 10 years financial data of these 15 companies for the period 2001-2010 and found out 03 profitability ratios out of it. From all 03 ratios I have worked out composite ratios using ` paid-up capital` as weight and found out weighted mean of these three ratios for 10 years.
Researcher have applied Mann- Kendall Trend detection test to test the hypothesis. The fixed asset turnover ratio increased steadily. The debtor’s turnover ratio had declining trend during the decade. The fixed assets turnover ratio had linear rising trend. The trend of the investment turnover ratio during first half of the decade it declined steadily from about 23 to around 14.5 during 2006-07 and than its steadily raised up to the level around 21.
Keywords: Plastics Industry, Financial Analysis, Composite Ratios, Weighted Mean, Analysis of Variance, Activity Ratios.
Title: Efficiency Ratios of the Plastic Industry of Gujarat (India) During 2001-2010
Author: Dr. Harshad Tandel
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
