• Dr. K. THULASIVELU

Efficient management of working capital is essential for the success of any business organization. Investment in working capital 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 working capital management practices of selected two and three wheeler 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 working capital management is measured in terms of various turnover ratios like the working capital turnover ratio, inventory turnover ratio, receivables or debtors’ ratio and cash 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 six companies selected for the study, the liquidity position of the above selected units in the years 2018-19 and 2019-20 was best whereas the years 2017-18 and 2020-21 was rank last indicating a very low liquidity position.

Two and Three Wheeler Companies, Working Capital Turnover Ratios and Motaal’s Comprehensive Test

"A STUDY FOCUS ON CIRCULATION OF WORKING CAPITAL IN SELECTED TWO AND THREE WHEELER COMPANIES IN INDIA – AN ANALYSIS USING MOTAAL’S TEST", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 12, page no.a37-a49, December-2025, Available :http://www.jetir.org/papers/JETIR2512006.pdf

"A STUDY FOCUS ON CIRCULATION OF WORKING CAPITAL IN SELECTED TWO AND THREE WHEELER COMPANIES IN INDIA – AN ANALYSIS 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 12, page no. ppa37-a49, December-2025, Available at : http://www.jetir.org/papers/JETIR2512006.pdf