Open AccessA Study on Financial Statement Analysis of Primary Agricultural Cooperative Credit Society in Paiyanoor Branch at Chengalpattu District
Author(s) -
K.V. Karthikeyan
Publication year - 2021
Publication title -
comfin research
Language(s) - English
Resource type - Journals
ISSN - 2582-6190
DOI - 10.34293/commerce.v9i3.4119
Subject(s) - current ratio , solvency ratio , financial ratio , gross profit , inventory turnover , expense ratio , financial statement analysis , equity ratio , net income , debt to capital ratio , business , income statement , net profit , finance , economics , return on equity , agricultural economics , profit (economics) , solvency , balance sheet , profitability index , closed end fund , market liquidity , microeconomics
This study discussed the financial statement analysis of Primary Agricultural Cooperative Credit Society in Paiyanoor branch at Chengalpattu district, the study based last five year annual report of 2014 to 2019 form PACCS. The Accounting ratios like Current ratio, Quick ratio, Debit ration, Debit equity ratio, Net assets turnover ratio, Gross profit ratio, Net profit ratio, Return on equity ratio, Return on equity ratio, Solvency ratio used analysis the performance of financial statement analysis of Primary Agricultural Cooperative Credit Society. The study revealed that Debit Ratio highest value in the year 2014-15 is 0.830, Net Profit Ratio highest value in the year 2015-16 is 1.015, Current Ratio highest value in the year 2018-19 is 2.052, Quick Ratio highest value in theyear 2018-19 is 2.813, Gross Profit Ratio highest value in the year 2018-19 is 0.134. It shows that the PACCS gradually increase financial performance in last five years from 2014 to 2019.