• M. D. GURJAR
• P.K.PRIYAN

The term Current Assets management refers to the management of short term capital invested in short term assets like inventory, debtors, cash and bank balance and so on. There are two concepts: Gross Current Assets and Net current assets. The Net current assets is that portion of a firm's current assets which is financed with long-term capital. The objective of the financial manager in managing current assets efficiently is to ensure sufficient liquidity in the operations of the enterprise. The liquidity of a business firm is measured by its ability to satisfy short-term obligations as they become due. In the present study, total 3 small cooperative dairy plants were selected and their financial data was analyzed using the Ratio analysis technique. Further, a study of composition of current assets, composition of Inventory was also done. The results indicated that over the selected period the current ratio of small dairies decreased from around 1 to 0.82 indicating a slightly poor liquidity position. A stricter measure of liquidity is the quick ratio (acid test ratio) also reduced in the same period from 0.84 to 0.71. The cash ratio has remained more or less constant. This indicates that over the selected period the liquidity position of small dairies was slightly low. The Inventory turnover ratio and debtors’ turnover and creditor’s turnover ratio were constant around 44, 40 and 13.8 times and hence, inventory period (8 days) and debtors’ period (9 days) and creditors’ period (26 days) has remained constant. Since the creditors’ period is higher, the small dairies can survive very well with lower liquidity position. Also, during the selected period, the percentage of stock and debtors fell slightly from 18% to 11%, whereas the percentage of cash balance increased from 59% to 74% indicating increase in liquid assets. The FG (44% to 30%) and Spares inventory (27% to 15%) fell considerably indicating a slight improvement in inventory holding period (from 9 to 8 days). The reduction in spares inventory is good achievement since it is considered to be difficult to control and reduce.

Current assets management of cooperative dairies, inventory and debtors’ management, liquidity of dairy cooperatives, small dairy, Gujarat dairy cooperatives.

"Current Assets Management in Small Dairy cooperatives", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.653-660, May-2019, Available :http://www.jetir.org/papers/JETIR1905898.pdf

"Current Assets Management in Small Dairy cooperatives", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp653-660, May-2019, Available at : http://www.jetir.org/papers/JETIR1905898.pdf