An Analysis of Profitability in Financial Performance of Selected Silk Co-Operative Societies in Kumbakonam Cluster, Tamilnadu

  • R. Seerangarajan Department of Rural Industries and Management, The Gandhigram Rural Institute (Deemed to be University), Gandhigram, Dindigul, Tamil Nadu
  • L. Priyadharsini Ph.D (Full Time) Research Scholar, Department of Rural Industries and Management, The Gandhigram Rural Institute (Deemed to be University), Gandhigram, Dindigul, Tamil Nadu
Keywords: Profitability, Silk Co- Operative Societies, Financial Performance, Accounting Ratios, Correlation

Abstract

The Handloom co-operative sector assumes a significant part in a country’s financial turn of events. This paper assessed the monetary execution of ten chosen silk co-operative societies in kumbakonam cluster by examining evaluated fiscal summaries of a long term period from 2010 to 2020.The insightful strategies utilized incorporate unmistakable measurements of monetary totals and proportions and correlation investigations. The monetary totals dissected incorporated all things that sway pay age as well as things that address the financial position of the chose societies. The discoveries highlighted that they chose silk co-operative societies in kumbakonam cluster accomplished great monetary outcomes and were in solid monetary position. The outcomes additionally demonstrated a huge connection between Net Profit proportion and Capital Employed Ratio to illuminate that the Net Profit Ratio was the most significant explainer of Return on Capital Employed. They would likewise then prevail with regards to drawing in more individuals and in this way fundamentally contribute towards destitution decrease and financial enhancement drives in the country.

Published
2022-03-19
Statistics
Abstract views: 338 times
PDF downloads: 91 times