Publication

Abstract : Working capital management is a complex area in the field and thereby profitability. This paper focus on the Impact of working capital management on profitability of spinning mill situated in Trivandrum, involved in the manufacturing and circulation of yarn to various part of the country. The main objective of this study is to find out the correlation between working Capital Management and Profitability as well as to evaluate the impact of working capital on profitability in spinning mill over a period of five years from 2015 to 2019.The study is conducted based on secondary data and the analysis are carried out with the help of statistical tools, such as descriptive statistics, correlation analysis and regression analysis. The study finds that the return on asset deviates in the opposite direction to current ratio, average collection period, average payment period, inventory conversion period, cash conversion cycle and firm size but positively correlation with debt.