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Financial health and efficiency of Adam Sugar Mills Limited, Punjab, Pakistan

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  • Sakib, S M Nazmuz

Abstract

The present report was produced to explore the financial health and efficiency of Adam Sugar Mills Limited, Punjab, Pakistan through analyzing financial ratios. This is an analytical study and the secondary data was obtained from Pakistan Stock Exchange, covering annual financial reports of the company for the years 2020, 2019 and 2018. The results of the report indicate that the company’s financial health remained dormant in the financial years 2018 and 2019. However, things rapidly changed in 2020. There are several reasons for it. One is that the government has accepted the demand of the sugar mills association to let them export sugar. This paved way for the shortage of sugar in the country and as a result the local demand was also rapidly increased. The prices are also increased due to supply and demand imbalance. The market conditions were favourable for the company in the year 2020. However, some management issues are highlighted as the explanation of lower financial performance in the previous two years. In 2019 company clearly face financial problems with respect to all financial ratios studied previously in the report. More expenses were made in these two years as compared to fewer expenses in 2020. The report recommends further improvement in the financial ratios by enhancing transparency and fair meaning in terms of finances.

Suggested Citation

  • Sakib, S M Nazmuz, 2022. "Financial health and efficiency of Adam Sugar Mills Limited, Punjab, Pakistan," SocArXiv qvdk2, Center for Open Science.
    • Handle: RePEc:osf:socarx:qvdk2
    DOI: 10.31219/osf.io/qvdk2
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