Year: 2024
Type: article
Abstract: This study examines the working capital management practices at Servo Packaging Limited, a leader in the plastic and packaging industry. It highlights the significance of optimizing cash flow, accounts receivable, accounts payable, and inventory to ensure liquidity and financial stability. Through a detailed analysis spanning 2020-2024, the research identifies trends in liquidity ratios, working capital turnover, and inventory management. Findings reveal a decline in the current ratio, stable profit margins, and increasing receivables collection periods, suggesting areas for improvement. Recommendations include adopting just-in-time systems, stricter credit policies, and leveraging technology for efficient capital management. The study underscores the importance of strategic working capital practices for sustaining operational efficiency and competitive advantage. If this meets your needs, I can refine or adjust based on specific guidelines or publication requirements.
Authors: BHUVANA .V -, SUREKHA.R -
Institution: Sri Manakula Vinayagar Educational Trust
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4406632798