Measuring value added in the cement industry of India

Money is the most common means of measuring wealth. The value of a product or material used as the basis for a monetary system depends on how much others are willing to trade or provide labour in exchange for it. Another factor is the degree of universal acceptance the material or commodity has. If no one outside a community is willing to accept the money in exchange for goods or services, it has no value outside of the society that uses it. The paper first analyses the trend of Value added in the 4 top cement companies including Shree Cement Limited, J.K. Cement Limited, J.K. Lakshmi Cement Limited, and Binani Cement Limited are included and later with hypothesis 6 years figures trend is analysed by ANOVA for growth in Value added. Further by taking sample of 73 managers as respondents differences in their opinion for use of Value added concept is measured with one sample t test. The study revealed that the value of net value added in the above study period is similar and very less changes were found that can be ignored and further VA is better measures then EPS for measuring financial performance