FINANCIAL PERFORMANCE OF KANYAKUMARI DISTRICT COOPERATIVE MILK PRODUCERS UNION (KDCMPU)
Journal Title: International journal of research -GRANTHAALAYAH - Year 2016, Vol 4, Issue 4
Abstract
The co-operative movement in Kanyakumari district has played a significant role in the social and economic development of the district, particularly in rural areas. Dairy co-operative movement in the district has contributed significantly towards the substantial increase in milk production. The main focus of this paper is to highlight the financial performance of Kanyakumari District Cooperative Milk producers Union. For this purpose the researcher used Creditor’s Turnover Ratio, Current Ratio, Dairy, Debt Equity Ratio, Gross Profit Ratio, Net Profit Ratio, Proprietary Ratio, Quick Ratio, Return on Investment, Stock Turnover Ratio, Return on Assets and Return on Investment. The result reveals the fact that the financial performance of Aavin industry in Kanyakumari District is good in all the aspects. As there is wider scope for the production as well as consumption of milk and milk products in the district, efforts can be made to reduce the cost and to maximize the profit to make the milk industry a vibrant and viable one in the district and state.
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