1Assistant Prof. in Commerce, School of Commerce, Ravenshaw University, Odisha, India
2Research Scholar, Ravenshaw University, Cuttack, Odisha, India
Online published on 4 March, 2021.
The ability of the firm to generate profit is popularly termed as Profitability. Profitability measures the effectiveness of the management in using its available resources to earn profit. The term ‘profitability’ is a relative one. The term ‘profitability’ leads to a common measurement of ‘efficiency’ of the business by different stakeholders. More will be the profitability, higher shall be its economic efficiency and the opposite is true when profitability is low (Eljelly A 2004). The paper is intended to study the profitability & activity ratios and to examine how the profitability of a company gets changed by the managerial efficiency in general and petrochemical industry in particular.
Profitability Ratio, Net Profit Ratio (NPR), Activity Ratio, Total Assets Turnover Ratio (TATR)
