Profitability Performance of Punjab State Warehousing Corporation
Keywords:
Warehousing charges, Profitability, Total income, Total expense, Losses, PSWCAbstract
This paper examines the profitability performance of Punjab State Warehousing Corporation (PSWC). The data from 2000-01 to 2012-13 has been collected from secondary sources for the study. The data has been analyzed with the help of ratio analysis. The profitability performance of PSWC has been studied on the basis of various variables of profitability like Income from Warehousing Charges to Total Income, Interest Income to Total Income, Other Income to Total Income, Establishment Expenses to Total Expenses, Interest Expense to Total Expenses, Operating Expenses to Total Expenses, Operating Profit/Loss Ratio, Gross Profit/Loss Ratio, Net Profit/Loss Ratio, Return on Assets, Return on Shareholders’ Equity or Net Worth. The study reveals that the PSWC showed the profitability only in 2000-01 and 2002-03 which was also quiet low and in other years of study period, the Corporation was in losses due to rise in expenses, deficit from procurement of paddy and wheat, underutilization of warehousing facilities and inefficiency of the management in running operations
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www.pswcorp.com
pswc.in
