1Associate Professor, Ramjas College, Delhi University sirnkgupta@yahoo.com
2Assistant Professor, Jagannath International Management School, Indraprastha University, shruti.bhuttani@gmail.com
Online published on 15 February, 2019.
The purpose of this study is to investigate the relationship between cash conversion cycle and profitability. The study covers top 10 cement firms of India listed on Bombay Stock Exchange (BSE) over a period of past 10 years from 2005–2014. Return on assets and Return on investment are taken as measures of profitability to represent dependent variables. Cash Conversion Cycle is studied as an independent variable. Correlation and regression analysis were used in the study and findings suggest that there is no impact of cash management (cash conversion cycle) on the returns of cement companies in India.
Cash conversion cycle, profitability, cement companies
