Symposia & Conferences
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Item Impact on Working Capital Management on Firm Performance(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Rasadeepani, U.G.G.; Rathnasiri, U.A.H.A.Working capital has an effect on firm profitability as well as on liquidity position. Working capital is described as the capital available to meet the dayto- day operations and, depending on the industry, it could be a relatively high percentage of the total assets of the organization. Management of working capital is an important component of corporate financial management because it directly affects the profitability of the firm. This paper investigates the relationship between the working capital and the firm’s profitability for a sample of 15 Sri Lankan manufacturing companies listed on the Colombo Stock Exchange(CSE) for the period of 4 years from 2012-2015. The secondary data analyses by applying correlation, descriptive and multiple regression analysis. The main objective of this research to identify the relationship between working capital management and firms financial performance and other secondary objectives to identify relationship between average inventory period, average receivable period, average payable period, current ratio, quick ratio and return on assets of the firms. The results shows that there is a relationship between variables of the working capital and profitability of the firm. There is a negative relationship between average inventory period and profitability of the firm and positive relationship between average receivable period, average payable period, current ratio and quick ratio against profitability of the firm. This paper highlights the importance of managing working capital components to ensure an improvement in firm’s profitability and to operate effectively and efficiently.Item Impact of Macroeconomic Variables on Profitability of Manufacturing Companies in Colombo Stock Exchange(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Dhanapala, S.G.L.M.; Wijesinghe, K.D.G.N.Objective of this study is how macroeconomic variables have been affected for the profitability of the listed manufacturing company and also, it is considered how the interest rate, US$ exchange rate, GDP growth rate, and inflation rate have been affected for the ROA and ROE of listed manufacturing companies. There are 15 CSE listed manufacturing companies are used as the target sample. Secondary data from 15 companies have been collected from 2010 to 2015, as quarterly. Macroeconomic data is collected from the central bank of Sri Lanka and Colombo consumer price index for period of 2010 to 2015. Data is analyzed using multiple regression model. From the findings are there significant negative relationship between inflation rate, US$ exchange rate with ROA and ROE. Interest rate has positive relationship between profitability but not significance as well as GDP growth rate has negative relationship between profitability but it is also not significant. Listed manufacturing company must pay more attention for the inflation rate and exchange rate because negative relationship of inflation rate and exchange rate is affected for the ROA and ROE of the company. If inflation rate and US $ exchange rate increase the profitability of manufacturing companies decrease other hand decrease in inflation rate exchange rate increase the profitability of listed manufacturing companies.Item The relationship between inventory management practices and organizational performance of manufacturing companies in Sri Lanka(Department of Accountancy, University of Kelaniya, 2015) Iroshani, M.B.M.In current context manufacturing firms use various techniques to manage their inventories. Past literature reveals the practices adopted by the companies have a significant impact on organizational performances. Most of manufacturing companies which use proper inventory management practices have shown great performance. Inventory management practices are differ from one company to another because of the size of the industry, economic stability ofthe place, infrastructural facilities available, transportation network and many more which are called constraints. The purpose of this study is to identify weather there is any significant relationship between inventory management and the organizational performance of manufacturing companies in Sri Lanka. The study will be conducted by analyzing to which extend the companies are applying EQO, JIT, ERP practices to manage their inventory. The sample consists with twenty five (25) listed manufacturing companies in Sri Lanka from the period 2009-2014. Data will collect through both primary and secondary sources. To examine the applications of inventory management practices, structured and semi structured questionnaires will be used and to examine the organizational performance audited annual reports will be analyzed. The relationship between inventory management variables and organizational performance variables (Return on Assets-ROA & Return on Sales-ROS) will be tested by using descriptive statistics. Magnitude of the relationship will be measured by using correlation. The importance of the study is to provide a proper understanding to the management of manufacturing companies about how they should manage their inventory for an excellent organizational performance.