• Apurba Kumar Sharma

The study of the paper is an attempt to examine the present state of affairs of working capital and the efficiency of working capital management of the selected proprietary tea estates registered under Tea Board of India, operating in Jorhat district of Assam during the years 2011-12 to 2015-16. The data are presented through simple classification and with the help of percentage, average dispersion, and the hypotheses are tested at 5p.c level of significance by employing Kruskal Wallis One way analysis of variance Test. For measuring the overall efficiency of working capital management (WCM), the model suggested by Bhattacharya (2007) has been applied. This paper also tests the speed of achieving target level of efficiency by an individual tea estate during study period using arithmetic mean indices as target level of efficiency. In order to measure the tea estate’s efficiency in achieving the targeted level of efficiency during the study period following Ordinary Least Square (OLS) model has been used. Findings of the study reveal that average performance efficiency level of selected tea estates was satisfactory during the study period. Both the hypotheses tested in this study accept the alternative hypotheses and rejects the null hypotheses. The selected tea estates should follow the required actions to increase the sales and follow working capital policies to maintain this level regularly.

Working capital, Working Capital Management, Proprietary, Tea Estates, Efficiency, Performance Index, Utilization Index, Efficiency Index, Efficiency

"Working Capital Management: A study on some selected Proprietary Tea Estates in Jorhat District of Assam", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.169-183, May-2019, Available :http://www.jetir.org/papers/JETIR1905J28.pdf

"Working Capital Management: A study on some selected Proprietary Tea Estates in Jorhat District of Assam", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp169-183, May-2019, Available at : http://www.jetir.org/papers/JETIR1905J28.pdf