International Journal of Commerce & Business Management

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Financial Business Performance of Tur Board


Affiliations
1 Department of Agribusiness Management, University of Agricultural Sciences, Dharwad (Karnataka), India
2 Department of Agribusiness Management, University of Agricultural Sciences, Dharwad (Karnataka), India
3 Department of Agricultural Economics, University of Agricultural Sciences, Dharwad (Karnataka), India
     

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The Karnataka Togari Abhivrudhi Mandali Limited (KTAML) Gulbarga was registered under the Companies Act 1956 and started in the year 2002. The objective of studying of KTAML is to protect interest of tur farmers by way of better price realization. In this regard the study has been under taken to evaluate the performance of Tur Board, employing different financial ratios. Quick ratio for a period of nine years was 0.79 for the Board, which implied that the firm has appalling liquidity and is able to pay less to its creditors out of its quick assets. The overall results of liquidity ratios project that the Tur Board is not in much comfortable position to meet its immediate financial obligations. The debt-equity ratio of Board has indicated that board borrowed 1.15 times its equity capital, which is alarming. The average inventory turnover ratio was 1.82, which implies that the Board is turning its inventory of finished goods into sales 1.82 times in a year. Gross profit to sales ratio, on an average, was 0.08 indicating that the firm has scope for further improvement in their gross profit margin. The average value of net profit margin for study period was 0.02, indicating that there is difficulty for the firm to withstand adverse conditions with a low net margin.

Keywords

Performance, Ratio, Tur, Tur Board.
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  • Murugesan, P. (2006). Performance indicators of primary agricultural co-operative societies. Indian Co-op. Rev., 45(2):110-116.

  • Tallikeri, D.K. (2008). Performance of Karnataka State agricultural produce processing export corporation- An economic Analysis, M.Sc. (Ag.) Thesis, University of Agricultural Sciences, Dharwad, KARNATAKA (INDIA).


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  • Financial Business Performance of Tur Board

Abstract Views: 342  |  PDF Views: 4

Authors

Shrikrishna
Department of Agribusiness Management, University of Agricultural Sciences, Dharwad (Karnataka), India
Vilas Kulkarni
Department of Agribusiness Management, University of Agricultural Sciences, Dharwad (Karnataka), India
R. A. Yeledhalli
Department of Agribusiness Management, University of Agricultural Sciences, Dharwad (Karnataka), India
Channaveer Gowdanor
Department of Agricultural Economics, University of Agricultural Sciences, Dharwad (Karnataka), India

Abstract


The Karnataka Togari Abhivrudhi Mandali Limited (KTAML) Gulbarga was registered under the Companies Act 1956 and started in the year 2002. The objective of studying of KTAML is to protect interest of tur farmers by way of better price realization. In this regard the study has been under taken to evaluate the performance of Tur Board, employing different financial ratios. Quick ratio for a period of nine years was 0.79 for the Board, which implied that the firm has appalling liquidity and is able to pay less to its creditors out of its quick assets. The overall results of liquidity ratios project that the Tur Board is not in much comfortable position to meet its immediate financial obligations. The debt-equity ratio of Board has indicated that board borrowed 1.15 times its equity capital, which is alarming. The average inventory turnover ratio was 1.82, which implies that the Board is turning its inventory of finished goods into sales 1.82 times in a year. Gross profit to sales ratio, on an average, was 0.08 indicating that the firm has scope for further improvement in their gross profit margin. The average value of net profit margin for study period was 0.02, indicating that there is difficulty for the firm to withstand adverse conditions with a low net margin.

Keywords


Performance, Ratio, Tur, Tur Board.

References