A STUDY OF WORKING CAPITAL OF TATA STEEL
Abstract
Working capital management refers to the administration of all components of working capital–cash, marketable security, debtors and stock and creditors. Working capital is one of the powerful measurements of the financial position. The H.G. Guthmann clearly explains the importance of working capital. “Working capital is the life blood and nerve center of the business. The goal of working capital management is to manage the firms current assets and current liabilities in such a way that satisfactory level of working capital is maintained .In several unit there is adequate working capital but the mismanagement of working capital increase the cost and reduce the rate of return .the efficient management of capital but the mismanagement of working capital increases the costs and reduces the of return .the efficient management of working capital minimizes the costs and can do more for the success of the business. A Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses the needs of efficient working capital management must be considered in relations and operating expenses.Theneeds of efficient working capital management must be considered in relation to other aspects of the firms. Financial non-financial performance. An efficient Working Capital Management is expected to contribute to the high financial performance. The efficiency of working capital management was investigated through the cash conversion cycle.