Managing working capital in cooperative sugar mills: A study of Haryana state

Abstract

The main purpose of present study is to find present status of managing working capital in selected Co operative mills in Haryana. For this study, a sample of five co-operative sugar mills was taken from the State of Haryana. For collecting the required information, annual reports of five co-operative sugar mills of 12 years from 2008-2009 to 2019-2020 have been considered. A self structured questionnaire was also utilized for data collection. To analysis the data, various accounting ratios, Mean, S.D, C.V and One-way ANOVA were used for the purpose. Necessary hypotheses were constructed to achieve the objectives. The data was analyzed using SPSS version 18. From the findings based on primary as well as secondary analysis, it can be concluded that different strategies, practices and procedures have been adopted by selected five co-operative sugar mills of Haryana state towards current assets, current liabilities, working capital (net) and current asset to total asset ratio. There is fluctuation in ratio in all selected co-operative sugar mills. In spite of the achievements, the performance of co-operative sugar mills is not up to the level. State govt. has introduced number of policies and programs towards boosting the profitability and performance of co-operative sugar mills. Keywords: Working Capital, Co-operative, Mills, Reports, Ratio, Assets, Liabilities.