Working Capital Management Practices Of Rajkumar Spinning Mill, Salem (KEY IJP************231)

• Naveen R, Mr. P.k. Jawahar Kumar

Abstract

This study investigates the working capital management practices in spinning mills, focusing on optimizing liquidity and operational efficiency. It examines the relationship between various components of working capital, such as inventory, accounts receivable, and accounts payable, and their impact on the financial performance of spinning mills. The research explores different strategies employed by spinning mills to manage working capital effectively, including inventory management techniques, credit policies, and cash flow forecasting methods. Additionally, it evaluates the challenges faced by spinning mills in managing working capital and proposes recommendations for improving working capital management practices to enhance profitability and sustainability in the spinning industry.