Receivable Management in Refinery Industry in India: An Empirical Analysis

Abstract

Financial performances of any organization are dependent Oil profitability, working capital a11d Fianacial structure. Sound working capital management helps the organization to improve its profitability. In the working capital management one important component is receivables. The receivables management is based on the policy formulated by the top management. In the present paper an attempt has been made to study the receivables management of Indian refinery industries with a data of 10 years. For the purpose of research, researcher has selected 05 units as sample. For the purpose of analysis, researchers has used ratio techniques and to test hypothesis ANOVA technique has been used. The result of the study indicates that the level of investment in receivable as a percentage of sales across the industry was reasonably less.