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@article{185090,
        author = {E. Balasubramanian and Dr. S. Sivaganam},
        title = {Influence of Working Capital on Profitability of Select Pharmaceutical Firms in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {5},
        pages = {179-183},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=185090},
        abstract = {The aim of the study was to assess the influence of working capital on profitability of select pharmaceutical firms in India. The period of the study was from 2019 to 2023. Data were taken from the annual report of the firms. Return on total assets was taken as dependent variable and inventory days, receivable days, payable days, and cash conversion cycle were taken as independent variable. Current ratio, firm size and log of sales were taken as a control variable.  Descriptive statistics, Correlation, VIF and Regression were used for data analysis. The result of the study was inventory days, receivable days and payable days were having a significant influence on working capital. Cash conversion cycle does not have a significant influence on profitability},
        keywords = {Working capital, Profitability, Inventory days, Receivable days, Payable days and Cash conversion cycle.},
        month = {September},
        }