Total Management by Ratios : An Analytic Approach to Management Control and Stock Market Valuations

This is a pioneering book that integrates functional analysis of a business enterprise with stock market valuation. It moves beyond the convention of financial statement analysis to first evaluate every function of management and then integrate this into the total corporate functioning of an enterprise, leading to its valuation in the stock market. Comprehensive sets of ratios are provided for broad managerial functions and their sub-divisions like, production, sale and distribution, working capital, debt-service management, etc. All the ratios are explained and worked out with live examples. This book is invaluable for student pursuing post-graduate management courses and professional examinations such as those conducted by ICAI, ICWAI, ICFA, ICSI. It will be of considerable interest to professional managers, both at the operational and corporate level and to bankers and instituteional lenders for credit appraisal and to stock market investors as an aid to analysis of a company`s share price movement. Contents......Page 8 Introduction......Page 12 Advent, Development and Use of Ratios......Page 18 Ratio Analysis: An Integrated Approach......Page 49 Financial Aspects of Manufacturing Management......Page 60 Ratios for Financial Control of Manufacturing Management......Page 79 Ratios for Operational Control of Manufacturing Management......Page 99 Ratios for Financial and Operational Control of Marketing and Sales Management......Page 119 Ratios for Corporate Control of Operational Management......Page 131 Ratios for Working Capital Management......Page 154 Ratios for Debt Service Management......Page 181 Ratios for Corporate Control of Financial Management......Page 192 Measurement and Monitoring of Managerial Efficiency: A Ratio-Analytic Approach ......Page 213 Financial Strategies of Growth Oriented Companies: A Ratio-Analytic Framework......Page 238 Towards a Financial Theory of Corporate Bankruptcy: A Ratio-Analytic Approach......Page 271 Valuation and Stock Market Ratios......Page 318 References and Select Bibliography......Page 374 Index......Page 385 About the Author......Page 394 Advent, development and use of ratios Ratio analysis : an integrated approach Financial aspects of manufacturing management Ratios for operational control of manufacturing management Ratios for financial and operational control of marketing and sales management Ratios for corporate control of financial management Ratios for working capital management Ratios for debt service management Ratios for corporate control of financial management Measurement and monitoring of managerial efficiency : a ratio-analytic approach Financial strategies of growth oriented companies : a ratio analytic framework Towards a financial theory of corporate bankruptcy : a ratio analytic approach Valuation and stock market ratios.