• Dr. R. MUKHESH KANNAA

Management of efficiency is essential for the success of any business organization. Operational efficiency is affects the liquidity and profitability of the business. An attempt to increase profitability would lead to decrease in liquidity and a high liquidity position would adversely affect the profitability. Therefore the business organization strives to maintain a trade off between the liquidity and profitability. The paper attempts to study the operational efficiency of selected oil and refinery companies in India. Motaal’s test has been applied to assess the efficiency or liquidity position of the companies. Further an attempt has also been made to study the financial efficiency is measured in terms of various turnover ratios like the inventory turnover ratio, receivables or debtors’ ratio, working capital turnover ratio, fixed assets turnover ratio and total assets turnover ratio. The study is based on secondary data collected from the published corporate annual reports of the company. The results of Motaal’s test indicate that out of seven companies selected for the study, the liquidity position of the above selected units in the years 2022-23 and 2023-24 was best whereas the years 2021-22 and 2024-25 was rank last indicating a very low liquidity position.

Oil and Refinery Companies, Operational Efficiency, Activity Ratios and Motaal’s Comprehensive Test

"A STUDY FOCUS ON OPERATIONAL EFFICIENCY OF SELECTED OIL AND REFINERY COMPANIES IN INDIA – USING MOTAAL’S TEST", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 11, page no.d574-d589, November-2025, Available :http://www.jetir.org/papers/JETIR2511361.pdf

"A STUDY FOCUS ON OPERATIONAL EFFICIENCY OF SELECTED OIL AND REFINERY COMPANIES IN INDIA – USING MOTAAL’S TEST", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 11, page no. ppd574-d589, November-2025, Available at : http://www.jetir.org/papers/JETIR2511361.pdf