Department of ARM, Tamil Nadu Agricultural University, Coimbatore-641 003
*Corresponding author's email: ndeepa@tnau.ac.in
JEL Codes: G33, L25, L60, Q13, Q18
This study analyzed the effect of cash conversion cycle on financial performance of coconut oil mills in Western Tamil Nadu. The data were collected from 40 coconut oil mills in western Tamil Nadu for five-year period from 2009–10 to 2013–14. Based on the Overall Working Capital Management Efficiency Index, the coconut oil mills were classified as efficient (70 per cent) and inefficient (30 per cent) category. Regression results revealed thatthere was a significant influence of cash conversion cycle, liquidity of firm and capital structure on financial performance of coconut oil mills in Western Tamil Nadu.
Coconut oil mills, cash conversion cycle, financial performance
