SPL is the leading pharmaceutical manufacturer in the country. It commenced commercial operation in and went for public issue of shares in It is therefore common to compare them with the industry average over time. The balance sheet is grouped, for example, in net operating assets NOAnet financial debt and equity.
After its initial years of struggle it broke ground with the launching of its own products in Honours 2nd year Supervised by Mr.
Working Capital Bankers especially, watch this calculation very closely as it deals more with cash flow than just a simple ratio. It excludes inventories or any other current asset that might have questionable liquidity.
Inventory Turnover Ratio Not every business has an inventory that needs to be of concern, and if that is your situation you can ignore this ratio. The ratio is supposed to indicate how efficiently you are utilizing your assets.