FINANCIAL PERFORMANCE EVALUATION THROUGH RATIO ANALYSIS: A STUDY ON RURAL POWER COMPANY LTD.
Keywords:
Financial Performance, Financial Statements, Ratio Analysis, Economic Condition.
Abstract
Financial statements are a set of reports that detail an organization’s cash flows, financial position, and financial results. Financial statement analysis provides a piece of information on the financial status and the present situation of the company as well as able to forecast their future plan. This study makes an effort to evaluate Rural Power Company Ltd.’s financial performance from 2018 to 2020. The present study is mainly based on secondary data collected from the sample unit and results are interpreted in tabular form and bar chart using MS Excel. The results show how effectively the company is managed in terms of production, administration, and sales. It means the economic condition of firm is good. On the other hand, the Current Ratio, Liquid ratio, Debt Equity Ratio, Gross Profit Ratio, Net Profit Ratio, and EPS Ratio are acceptable. But the Return on Equity (ROE) Ratio is not satisfactory, which needs further improvement. An economist can assess the degree of economic power concentration and potential dangers in the financial policies adopted by examining the financial accounts of various firms. The analysis also serves as the foundation for a number of governmental acts concerning licensing, restrictions, price fixing, profit caps, dividend freezes, tax subsidies, and other concessions to the business sector.
JEL Classification Codes: I2, L25, M4.
References
Al Dalayeen, B. (2017). Financial Performance Appraisal of Selected Companies in Jordan. Open Journal of Business and Management, 5(01), 131-140. https://doi.org/10.4236/ojbm.2017.51012
Anwar, R., & Daryanto, W. M. (2020). FINANCIAL PERFORMANCE ANALYSIS AND MEASURENMENT OF STATE OWNED POWER GENERATION COMPANIES BEFORE AND AFTER ASSET REVALUATION IN 2015. International Journal of Business, Economics and Law, 21(1), 18-31.
Ali, M. C., Islam, K. M. A., Chung, S. J., Zayed, N. M., & Afrin, M. (2020). A Study of Green Human Resources Management (GHRM) and Green Creativity for Human Resources Professionals. International Journal of Business and Management Future, 4(2), 57-67. https://doi.org/10.46281/ijbmf.v4i2.857
Ali, M. C., Islam, K. A., Chung, S. J., Zayed, N. M., & Islam, M. R. (2021). The correlation between job-hopping attitude and turnover behavior: A job satisfaction perspective in Bangladesh. International Journal of Business and Management Future, 5(1), 14-26.
Ahmed, S. F., Zayed, N. M., Islam, K. M. A., & Nitsenko, V. (2022). Investigating the impact of re consumption on co2 emissions: evidence from the saarc countries. Natsional'nyi Hirnychyi Universytet. Naukovyi Visnyk, (3), 107-111. https://doi.org/10.33271/nvngu/2022-3/107
Al-Quraan, T. M., Vovk, O., Halko, S., Kvitka, S., Suprun, O., Miroshnyk, O., ... & Islam, K. A. (2022). Energy-Saving Load Control of Induction Electric Motors for Drives of Working Machines to Reduce Thermal Wear. Inventions, 7(4), 92. https://doi.org/10.3390/inventions7040092
Chowdhury, S., Islam, K. M. A., Rahman, M. M., Raisa, T. S., & Zayed, N. M. (2020). One Day International (ODI) Cricket Match Prediction in Logistic Analysis: India VS. Pakistan. Journal of Human Movement and Sports Sciences, 8(6), 543-548. https://doi.org/10.13189/saj.2020.080629
Chowdhury, F. N., Mustafa, J., Islam, K. M. A., Hasan, K. B. M. R., Zayed, N. M., & Raisa, T. S. (2021). Social Business in an Emerging Economy: An Empirical Study in Bangladesh. The Journal of Asian Finance, Economics and Business, 8(3), 931–941. https://doi.org/10.13106/JAFEB.2021.VOL8.NO3.0931
Chowdhury, S., Meero, A., Rahman, A.A.A., Islam, K. M. A., & Zayed, N. M., Hasan, K.B.M. R. (2021). AN EMPIRICAL STUDY ON THE FACTORS AFFECTING ORGANIC FOOD PURCHASING BEHAVIOR IN BANGLADESH: ANALYZING A FEW FACTORS. Academy of Strategic Management Journal, 20(4), 1-12. Retrieved from https://www.abacademies.org/articles/an-empirical-study-on-the-factors-affecting-organic-food-purchasing-behavior-in-bangladesh-analyzing-a-few-factors-11136.html
Dong, J., Liu, D., Liu, Y., Huo, H., Dou, X., & Bao, A. (2021). Trading performance evaluation for traditional power generation group based on an integrated matter-element extension cloud model. Energy Reports, 7, 3074-3089. https://doi.org/10.1016/j.egyr.2021.05.041
Edirisinghe, N. C. P., & Zhang, X. (2008). Portfolio selection under DEA-based relative financial strength indicators: case of US industries. Journal of the operational research society, 59(6), 842-856. https://doi.org/10.1057/palgrave.jors.2602442
Faisal-E-Alam, M., Meero, A., Rahman, A. A. A., Zayed, N. M., Islam, K. M. A., & Imran, M. A. (2022). Social Media and Tourists’ Decision in Bangladesh: An Empirical Study on Travelling Cox’s Bazar. Journal of Environmental Management and Tourism, 13(4), 925-934. Retrieved from https://journals.aserspublishing.eu/jemt/article/view/7050organic-food-purchasing-behavior-in-bangladesh-analyzing-a-few-factors-1939-6104-20-4-815.pdf
Gill, S., & Kaur, P. (2015). Family involvement in business and financial performance: a panel data analysis. Vikalpa, 40(4), 395-420. https://doi.org/10.1177/0256090915605756
Gocer, I., Akin, T., & Alatas, S. (2016). The effects of saving-investment gap on economic growth in developing countries: A clustering and panel data analysis. Theoretical & Applied Economics, 23(2), 157-172.
Hasanaj, P., & Kuqi, B. (2019). Analysis of financial statements. Humanities and Social Science Research, 2(2), 17-27. https://doi.org/10.30560/hssr.v2n2p17
Hossain, M. S., & Saif, A. N. M. (2019). Impact of firm size on financial performance of banking companies in Bangladesh. Journal of Banking & Financial Services, 11(2), 143-160.
Huang, C., Dai, C., & Guo, M. (2015). A hybrid approach using two-level DEA for financial failure prediction and integrated SE-DEA and GCA for indicators selection. Applied Mathematics and Computation, 251, 431-441. https://doi.org/10.1016/j.amc.2014.11.077
İlkuçar, M., & Çifci, A. (2016). Performance evaluation of electricity generation companies traded on BIST according to the financial parameters through the application of TOPSIS method. International Journal of Social Sciences and Education Research, 2(3), 815-824. https://doi.org/10.24289/ijsser.279025
Iqbal, M. M., Islam, K. M. A., Zayed, N. M., Beg, T. H., & Shahi, S. K. (2021). IMPACT OF ARTIFICIAL INTELLIGENCE AND DIGITAL ECONOMY ON INDUSTRIAL REVOLUTION 4: EVIDENCE FROM BANGLADESH. American Finance & Banking Review, 6(1), 42-55. https://doi.org/10.46281/amfbr.v6i1.1489
Katchova, A. L., & Enlow, S. J. (2013). Financial performance of publicly‐traded agribusinesses. Agricultural Finance Review, 73 (1), 58-73. https://doi.org/10.1108/00021461311321311
Khajavi, S., Salimifard, A., & Rabia, M. (2005). Application of data envelopment analysis (DEA) in determining the portfolio of the most listed companies in Tehran Stock Exchange. Social and Human Sciences of Shiraz University, 22(2), 75-89.
Kumar, S., & Venoor, M. A. (2018). Analysis of Impact of Earning Per Share, Dividend Per Share and Price Earnings Ratio On Stock Performance. International Journal of Research in Economics and Social Sciences (Ijress), 8(3), 187-214.
Kader, S. A., Zayed, N. M., Khan, S., Islam, K. M. A., & Siddiki, M. N. A. (2019). An Analysis of Socio-Economic Condition of Female Readymade Garments’(RMG) Workers in Dhaka City. The Millennium University Journal, 4(1), 12-20. Retrieved from http://www.themillenniumuniversity.edu.bd/journal/index.php/TMUJ/article/view/26
Kader, S. A., Rahman, A. A. A., Meero, A., Islam, K. M. A., Zayed, N. M., Hasan, K. B. M. R. (2021a). COVID-19: AFTER EFFECTS OF CORONAVIRUS AND ITS IMPACT ON GLOBAL ECONOMY. Academy of Strategic Management Journal, 20(1). 1-9 Retrieved from https://www.abacademies.org/articles/covid19-after-effects-of-coronavirus-and-its-impact-on-global-economy-11472.html
Kader, S. A., Kulsum, U., Islam, K. M. A., Siddiki, M. N. A., Zayed, N. M., & Raisa, T. S. (2021b). Present Situation of the Field Workers in the Development Sector: A Social, Financial and Employment Aspect in Bangladesh. Journal of Southwest Jiaotong University, 56(2). https://doi.org/10.35741/issn.0258-2724.56.2.29
Kabir, M. R., Khan, S., Chowdhury, S., Jahan, S., Islam, K. A., & Zayed, N. M. (2021). Corruption Possibilities in the Climate Financing Sector and Role of the Civil Societies in Bangladesh. Journal of Southwest Jiaotong University, 56(2). https://doi.org/10.35741/issn.0258-2724.56.2.6
Khan, S., Zayed, N. M., Darwish, S., Nitsenko, V., Islam, K. A., Hassan, M. A., & Dubrova, O. (2022). Pre and Present COVID-19 Situation: A Framework of Educational Transformation in South Asia Region. Emerging Science Journal, 7, 81-94.
Lim, S., Oh, K. W., & Zhu, J. (2014). Use of DEA cross-efficiency evaluation in portfolio selection: An application to Korean stock market. European journal of operational research, 236(1), 361-368. https://doi.org/10.1016/j.ejor.2013.12.002
Mahdi, M., & Khaddafi, M. (2020). The Influence of Gross Profit Margin, Operating Profit Margin and Net Profit Margin on the Stock Price of Consumer Good Industry in the Indonesia Stock Exchange on 2012-2014. International Journal of Business, Economics, and Social Development, 1(3), 153-163. https://doi.org/10.46336/ijbesd.v1i3.53
Mirghafoori, S. H., Shafiee Roodposhti, M., & Naddafi, G. (2013). Financial performance evaluating with grey theory and data envelopment analysis technique two step approach (Case study: Province telecommunication companies). Management Research in Iran, 16(4), 189-205.
Mia, M. M., Zayed, N. M., Islam, K. M. A., Nitsenko, V., Matusevych, T., & Mordous, I. (2022). The Strategy of Factors Influencing Learning Satisfaction Explored by First and Second-Order Structural Equation Modeling (SEM). Inventions, 7(3), 59. https://doi.org/10.3390/inventions7030059
Nayeen, C. J., Islam, K. M. A., Chowdhury, F. N., & Zayed, N. M. (2020). Testing Communicative Language Teaching (CLT) through English for Today (EFT) in Bangladesh: Challenges Faced by Tertiary Students Initially. American International Journal of Education and Linguistics Research, 3(2), 19-27.
Nahar, S., Meero, A., Rahman, A. A. A., Hasan, K. B. M. R., Islam, K. M. A., Zayed, N. M., Faisal-E-Alam, M. (2021). ANALYSIS ON THE MARKETING STRATEGY AND COMPETITIVE ADVANTAGE OF BANKING INDUSTRY IN BANGLADESH: AN ENTREPRENEURIAL CASE STUDY OF HSBC BANK. Academy of Entrepreneurship Journal, 27(4). 1-7. Retrieved from https://www.abacademies.org/articles/Analysis-on-the-marketing-strategy-and-competitive-advantage-of-banking-industry-1528-2686-27-4-552.pdf
Nurhikmawaty, D., Isnurhadi, I., Widiyanti, M., & Yuliani, Y. (2020). The Effect of Debt to Equity Ratio and Return on Equity on Stock Return with Dividend Policy as Intervening Variables in Subsectors Property and Real Estate on Bei. Edunomic: Jurnal Ilmiah Pendidikan Ekonomi Fakultas Keguruan Dan Ilmu Pendidikan, 8(2), 72-85. http://dx.doi.org/10.33603/ejpe.v8i2.3531
Oshoke, A. S., & Sumaina, J. (2015). Performance evaluation through ratio analysis. Journal of Accounting and Financial Management, 1(8), 1-10.
Panigrahi, C. M. A. (2021). Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC. Panigrahi AK, Vachhani K, Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC. J Manag Res Anal, 8(3), 131-138. https://doi.org/10.18231/j.jmra.2021.027
Paun, D. (2017). Sustainability and financial performance of companies in the energy sector in Romania. Sustainability, 9(10), 1-11. https://doi.org/10.3390/su9101722
Rahman, S. M., & Saif, A. N. M. (2021). Performance evaluation of some listed companies: insights from Dhaka Stock Exchange in Bangladesh. Global Business and Economics Review, 24(3), 261-278.
Rahman, A. A. A., Meero, A., Zayed, N. M., Islam, K. M. A., Rabban, M. R., Bunagan, V. D. R. (2021a). IMPACT OF LEVERAGE RATIOS ON INDICATORS OF FINANCIAL PERFORMANCE: EVIDENCE FROM BAHRAIN. Academy of Strategic Management Journal, 20(3). Retrieved from https://www.abacademies.org/articles/impact-of-leverage-ratios-on-indicators-of-financial-performance--evidence-from-bahrain-11166.html
Rubi, M. A., Chowdhury, S., Rahman, A. A. A., Meero, A., Zayed, N. M., & Islam, K. M. A. (2022). Fitting Multi-Layer Feed Forward Neural Network and Autoregressive Integrated Moving Average for Dhaka Stock Exchange Price Predicting. Emerging Science Journal, 6(5), 1046-1061. https://doi.org/10.28991/ESJ-2022-06-05-09
Rahman, A. A. A., Darwish, S., Meero, A., Zayed, N. M., Islam, K. M. A., Raisa, T. S. (2021b). EMERGING STRATEGIES AND ECONOMIC IMPACT OF COVID-19: A CASE STUDY OF GULF COOPERATION COUNCIL COUNTRIES (GCC). Academy of Strategic Management Journal, 20(1). 1-10 Retrieved from https://www.abacademies.org/articles/emerging-strategies-and-economic-impact-of-covid19-a-case-study-of-gulf-cooperation-council-countries-gcc-11270.html
Rai, A., & Prakash, A. R. (2019). A Comparative analysis between the power generating companies using thermal and other renewable sources of energy. Sustainability and Business Management (pp. 27-56). Delhi: Excel India Publishers.
Rai, A., & Prakash, A. R. (2019). A comparative study on financial performance of power generating companies in India. Journal of Commerce and Accounting Research, 8(4), 12-27.
Rashid, C. A. (2018). Efficiency of financial ratios analysis for evaluating companies’ liquidity. International Journal of Social Sciences & Educational Studies, 4(4), 110-132.
Sari, D. W. (2019). Ratio analysis of financial performance of companiesl Q45 index listed. Humanities & Social Sciences Reviews, 7(3), 419-423. https://doi.org/10.18510/hssr.2019.7361
Shahriar, M. S., Islam, K. M. A., Zayed, N. M., Hasan, K. B. M. R., & Raisa, T. S. (2021a). The Impact of COVID-19 on Bangladesh’s Economy: A Focus on Graduate Employability. The Journal of Asian Finance, Economics and Business, 8(3), 1395–1403. https://doi.org/10.13106/JAFEB.2021.VOL8.NO3.1395
Shahriar, M.S., Hasan, K.B.M.R., Hossain, T., Beg, T.H., Islam, K.M.A., & Zayed, N.M. (2021b). Financial decision making and forecasting techniques on project evaluation: a planning, development and entrepreneurial perspective. Academy of Entrepreneurship Journal, 27(4), 1-7. Retrieved from https://www.abacademies.org/articles/Financial-decision-making-and-forecasting-techniques-on-project-evaluation-a-planning-development-1528-2686-27-4-553.pdf
Schabek, T. (2020). The financial performance of sustainable power producers in emerging markets. Renewable Energy, 160, 1408-1419. https://doi.org/10.1016/j.renene.2020.06.067
Sueyoshi, T. (2005). Financial ratio analysis of the electric power industry. Asia-Pacific Journal of Operational Research, 22(03), 349-376. https://doi.org/10.1142/S0217595905000509
Uribe, J. M., & Guillen, M. (2020). Quantile regression for cross-sectional and time series data: Applications in energy markets using R. Cham, Switzerland: Springer International Publishing.
Vibhute, N. S., Haralayya, B., & Jeelan, B. V. (2021). Performance Evaluation of Selected Banks using Ratio Analysis. J Adv Res Eco Busi Mgmt, 4(2), 36-44.
Zayed, N. M .Z., Meero, A., Rahman, A. A. A., Islam, K. M. A., Shahiduzzaman Khan Shahi, Shama Tasnim. (2021a). Demand and Supply-Side Analysis of Dhaka Based Online Business during the COVID-19 Pandemic: Evidence from Bangladesh. Journal of Southwest Jiaotong University, 56(3). https://doi.org/10.35741/issn.0258-2724.56.3.47
Zayed, N. M., Islam, K. M. A., Shahi, S. K., Rahman, M. S., & Raisa, T. S. (2021b). AN ANALYSIS ON THE EFFECTS OF CORONAVIRUS (COVID-19) ON THE FINANCIAL MANAGEMENT OF MULTINATIONAL CORPORATIONS. Australian Finance & Banking Review, 5(1), 43-53. https://doi.org/10.46281/afbr.v5i1.1015
Zayed, N. M., Edeh, F. O., Darwish, S., Islam, K. M., Kryshtal, H., Nitsenko, V., & Stanislavyk, O. (2022). Human Resource Skill Adjustment in Service Sector: Predicting Dynamic Capability in Post COVID-19 Work Environment. Journal of Risk and Financial Management, 15(9), 402. https://doi.org/10.3390/jrfm15090402
Zayed, N. M., Edeh, F. O., Islam, K. M. A., Nitsenko, V., Dubovyk, T., & Doroshuk, H. (2022). An Investigation into the Effect of Knowledge Management on Employee Retention in the Telecom Sector. Administrative Sciences, 12(4), 138. https://doi.org/10.3390/admsci12040138
Anwar, R., & Daryanto, W. M. (2020). FINANCIAL PERFORMANCE ANALYSIS AND MEASURENMENT OF STATE OWNED POWER GENERATION COMPANIES BEFORE AND AFTER ASSET REVALUATION IN 2015. International Journal of Business, Economics and Law, 21(1), 18-31.
Ali, M. C., Islam, K. M. A., Chung, S. J., Zayed, N. M., & Afrin, M. (2020). A Study of Green Human Resources Management (GHRM) and Green Creativity for Human Resources Professionals. International Journal of Business and Management Future, 4(2), 57-67. https://doi.org/10.46281/ijbmf.v4i2.857
Ali, M. C., Islam, K. A., Chung, S. J., Zayed, N. M., & Islam, M. R. (2021). The correlation between job-hopping attitude and turnover behavior: A job satisfaction perspective in Bangladesh. International Journal of Business and Management Future, 5(1), 14-26.
Ahmed, S. F., Zayed, N. M., Islam, K. M. A., & Nitsenko, V. (2022). Investigating the impact of re consumption on co2 emissions: evidence from the saarc countries. Natsional'nyi Hirnychyi Universytet. Naukovyi Visnyk, (3), 107-111. https://doi.org/10.33271/nvngu/2022-3/107
Al-Quraan, T. M., Vovk, O., Halko, S., Kvitka, S., Suprun, O., Miroshnyk, O., ... & Islam, K. A. (2022). Energy-Saving Load Control of Induction Electric Motors for Drives of Working Machines to Reduce Thermal Wear. Inventions, 7(4), 92. https://doi.org/10.3390/inventions7040092
Chowdhury, S., Islam, K. M. A., Rahman, M. M., Raisa, T. S., & Zayed, N. M. (2020). One Day International (ODI) Cricket Match Prediction in Logistic Analysis: India VS. Pakistan. Journal of Human Movement and Sports Sciences, 8(6), 543-548. https://doi.org/10.13189/saj.2020.080629
Chowdhury, F. N., Mustafa, J., Islam, K. M. A., Hasan, K. B. M. R., Zayed, N. M., & Raisa, T. S. (2021). Social Business in an Emerging Economy: An Empirical Study in Bangladesh. The Journal of Asian Finance, Economics and Business, 8(3), 931–941. https://doi.org/10.13106/JAFEB.2021.VOL8.NO3.0931
Chowdhury, S., Meero, A., Rahman, A.A.A., Islam, K. M. A., & Zayed, N. M., Hasan, K.B.M. R. (2021). AN EMPIRICAL STUDY ON THE FACTORS AFFECTING ORGANIC FOOD PURCHASING BEHAVIOR IN BANGLADESH: ANALYZING A FEW FACTORS. Academy of Strategic Management Journal, 20(4), 1-12. Retrieved from https://www.abacademies.org/articles/an-empirical-study-on-the-factors-affecting-organic-food-purchasing-behavior-in-bangladesh-analyzing-a-few-factors-11136.html
Dong, J., Liu, D., Liu, Y., Huo, H., Dou, X., & Bao, A. (2021). Trading performance evaluation for traditional power generation group based on an integrated matter-element extension cloud model. Energy Reports, 7, 3074-3089. https://doi.org/10.1016/j.egyr.2021.05.041
Edirisinghe, N. C. P., & Zhang, X. (2008). Portfolio selection under DEA-based relative financial strength indicators: case of US industries. Journal of the operational research society, 59(6), 842-856. https://doi.org/10.1057/palgrave.jors.2602442
Faisal-E-Alam, M., Meero, A., Rahman, A. A. A., Zayed, N. M., Islam, K. M. A., & Imran, M. A. (2022). Social Media and Tourists’ Decision in Bangladesh: An Empirical Study on Travelling Cox’s Bazar. Journal of Environmental Management and Tourism, 13(4), 925-934. Retrieved from https://journals.aserspublishing.eu/jemt/article/view/7050organic-food-purchasing-behavior-in-bangladesh-analyzing-a-few-factors-1939-6104-20-4-815.pdf
Gill, S., & Kaur, P. (2015). Family involvement in business and financial performance: a panel data analysis. Vikalpa, 40(4), 395-420. https://doi.org/10.1177/0256090915605756
Gocer, I., Akin, T., & Alatas, S. (2016). The effects of saving-investment gap on economic growth in developing countries: A clustering and panel data analysis. Theoretical & Applied Economics, 23(2), 157-172.
Hasanaj, P., & Kuqi, B. (2019). Analysis of financial statements. Humanities and Social Science Research, 2(2), 17-27. https://doi.org/10.30560/hssr.v2n2p17
Hossain, M. S., & Saif, A. N. M. (2019). Impact of firm size on financial performance of banking companies in Bangladesh. Journal of Banking & Financial Services, 11(2), 143-160.
Huang, C., Dai, C., & Guo, M. (2015). A hybrid approach using two-level DEA for financial failure prediction and integrated SE-DEA and GCA for indicators selection. Applied Mathematics and Computation, 251, 431-441. https://doi.org/10.1016/j.amc.2014.11.077
İlkuçar, M., & Çifci, A. (2016). Performance evaluation of electricity generation companies traded on BIST according to the financial parameters through the application of TOPSIS method. International Journal of Social Sciences and Education Research, 2(3), 815-824. https://doi.org/10.24289/ijsser.279025
Iqbal, M. M., Islam, K. M. A., Zayed, N. M., Beg, T. H., & Shahi, S. K. (2021). IMPACT OF ARTIFICIAL INTELLIGENCE AND DIGITAL ECONOMY ON INDUSTRIAL REVOLUTION 4: EVIDENCE FROM BANGLADESH. American Finance & Banking Review, 6(1), 42-55. https://doi.org/10.46281/amfbr.v6i1.1489
Katchova, A. L., & Enlow, S. J. (2013). Financial performance of publicly‐traded agribusinesses. Agricultural Finance Review, 73 (1), 58-73. https://doi.org/10.1108/00021461311321311
Khajavi, S., Salimifard, A., & Rabia, M. (2005). Application of data envelopment analysis (DEA) in determining the portfolio of the most listed companies in Tehran Stock Exchange. Social and Human Sciences of Shiraz University, 22(2), 75-89.
Kumar, S., & Venoor, M. A. (2018). Analysis of Impact of Earning Per Share, Dividend Per Share and Price Earnings Ratio On Stock Performance. International Journal of Research in Economics and Social Sciences (Ijress), 8(3), 187-214.
Kader, S. A., Zayed, N. M., Khan, S., Islam, K. M. A., & Siddiki, M. N. A. (2019). An Analysis of Socio-Economic Condition of Female Readymade Garments’(RMG) Workers in Dhaka City. The Millennium University Journal, 4(1), 12-20. Retrieved from http://www.themillenniumuniversity.edu.bd/journal/index.php/TMUJ/article/view/26
Kader, S. A., Rahman, A. A. A., Meero, A., Islam, K. M. A., Zayed, N. M., Hasan, K. B. M. R. (2021a). COVID-19: AFTER EFFECTS OF CORONAVIRUS AND ITS IMPACT ON GLOBAL ECONOMY. Academy of Strategic Management Journal, 20(1). 1-9 Retrieved from https://www.abacademies.org/articles/covid19-after-effects-of-coronavirus-and-its-impact-on-global-economy-11472.html
Kader, S. A., Kulsum, U., Islam, K. M. A., Siddiki, M. N. A., Zayed, N. M., & Raisa, T. S. (2021b). Present Situation of the Field Workers in the Development Sector: A Social, Financial and Employment Aspect in Bangladesh. Journal of Southwest Jiaotong University, 56(2). https://doi.org/10.35741/issn.0258-2724.56.2.29
Kabir, M. R., Khan, S., Chowdhury, S., Jahan, S., Islam, K. A., & Zayed, N. M. (2021). Corruption Possibilities in the Climate Financing Sector and Role of the Civil Societies in Bangladesh. Journal of Southwest Jiaotong University, 56(2). https://doi.org/10.35741/issn.0258-2724.56.2.6
Khan, S., Zayed, N. M., Darwish, S., Nitsenko, V., Islam, K. A., Hassan, M. A., & Dubrova, O. (2022). Pre and Present COVID-19 Situation: A Framework of Educational Transformation in South Asia Region. Emerging Science Journal, 7, 81-94.
Lim, S., Oh, K. W., & Zhu, J. (2014). Use of DEA cross-efficiency evaluation in portfolio selection: An application to Korean stock market. European journal of operational research, 236(1), 361-368. https://doi.org/10.1016/j.ejor.2013.12.002
Mahdi, M., & Khaddafi, M. (2020). The Influence of Gross Profit Margin, Operating Profit Margin and Net Profit Margin on the Stock Price of Consumer Good Industry in the Indonesia Stock Exchange on 2012-2014. International Journal of Business, Economics, and Social Development, 1(3), 153-163. https://doi.org/10.46336/ijbesd.v1i3.53
Mirghafoori, S. H., Shafiee Roodposhti, M., & Naddafi, G. (2013). Financial performance evaluating with grey theory and data envelopment analysis technique two step approach (Case study: Province telecommunication companies). Management Research in Iran, 16(4), 189-205.
Mia, M. M., Zayed, N. M., Islam, K. M. A., Nitsenko, V., Matusevych, T., & Mordous, I. (2022). The Strategy of Factors Influencing Learning Satisfaction Explored by First and Second-Order Structural Equation Modeling (SEM). Inventions, 7(3), 59. https://doi.org/10.3390/inventions7030059
Nayeen, C. J., Islam, K. M. A., Chowdhury, F. N., & Zayed, N. M. (2020). Testing Communicative Language Teaching (CLT) through English for Today (EFT) in Bangladesh: Challenges Faced by Tertiary Students Initially. American International Journal of Education and Linguistics Research, 3(2), 19-27.
Nahar, S., Meero, A., Rahman, A. A. A., Hasan, K. B. M. R., Islam, K. M. A., Zayed, N. M., Faisal-E-Alam, M. (2021). ANALYSIS ON THE MARKETING STRATEGY AND COMPETITIVE ADVANTAGE OF BANKING INDUSTRY IN BANGLADESH: AN ENTREPRENEURIAL CASE STUDY OF HSBC BANK. Academy of Entrepreneurship Journal, 27(4). 1-7. Retrieved from https://www.abacademies.org/articles/Analysis-on-the-marketing-strategy-and-competitive-advantage-of-banking-industry-1528-2686-27-4-552.pdf
Nurhikmawaty, D., Isnurhadi, I., Widiyanti, M., & Yuliani, Y. (2020). The Effect of Debt to Equity Ratio and Return on Equity on Stock Return with Dividend Policy as Intervening Variables in Subsectors Property and Real Estate on Bei. Edunomic: Jurnal Ilmiah Pendidikan Ekonomi Fakultas Keguruan Dan Ilmu Pendidikan, 8(2), 72-85. http://dx.doi.org/10.33603/ejpe.v8i2.3531
Oshoke, A. S., & Sumaina, J. (2015). Performance evaluation through ratio analysis. Journal of Accounting and Financial Management, 1(8), 1-10.
Panigrahi, C. M. A. (2021). Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC. Panigrahi AK, Vachhani K, Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC. J Manag Res Anal, 8(3), 131-138. https://doi.org/10.18231/j.jmra.2021.027
Paun, D. (2017). Sustainability and financial performance of companies in the energy sector in Romania. Sustainability, 9(10), 1-11. https://doi.org/10.3390/su9101722
Rahman, S. M., & Saif, A. N. M. (2021). Performance evaluation of some listed companies: insights from Dhaka Stock Exchange in Bangladesh. Global Business and Economics Review, 24(3), 261-278.
Rahman, A. A. A., Meero, A., Zayed, N. M., Islam, K. M. A., Rabban, M. R., Bunagan, V. D. R. (2021a). IMPACT OF LEVERAGE RATIOS ON INDICATORS OF FINANCIAL PERFORMANCE: EVIDENCE FROM BAHRAIN. Academy of Strategic Management Journal, 20(3). Retrieved from https://www.abacademies.org/articles/impact-of-leverage-ratios-on-indicators-of-financial-performance--evidence-from-bahrain-11166.html
Rubi, M. A., Chowdhury, S., Rahman, A. A. A., Meero, A., Zayed, N. M., & Islam, K. M. A. (2022). Fitting Multi-Layer Feed Forward Neural Network and Autoregressive Integrated Moving Average for Dhaka Stock Exchange Price Predicting. Emerging Science Journal, 6(5), 1046-1061. https://doi.org/10.28991/ESJ-2022-06-05-09
Rahman, A. A. A., Darwish, S., Meero, A., Zayed, N. M., Islam, K. M. A., Raisa, T. S. (2021b). EMERGING STRATEGIES AND ECONOMIC IMPACT OF COVID-19: A CASE STUDY OF GULF COOPERATION COUNCIL COUNTRIES (GCC). Academy of Strategic Management Journal, 20(1). 1-10 Retrieved from https://www.abacademies.org/articles/emerging-strategies-and-economic-impact-of-covid19-a-case-study-of-gulf-cooperation-council-countries-gcc-11270.html
Rai, A., & Prakash, A. R. (2019). A Comparative analysis between the power generating companies using thermal and other renewable sources of energy. Sustainability and Business Management (pp. 27-56). Delhi: Excel India Publishers.
Rai, A., & Prakash, A. R. (2019). A comparative study on financial performance of power generating companies in India. Journal of Commerce and Accounting Research, 8(4), 12-27.
Rashid, C. A. (2018). Efficiency of financial ratios analysis for evaluating companies’ liquidity. International Journal of Social Sciences & Educational Studies, 4(4), 110-132.
Sari, D. W. (2019). Ratio analysis of financial performance of companiesl Q45 index listed. Humanities & Social Sciences Reviews, 7(3), 419-423. https://doi.org/10.18510/hssr.2019.7361
Shahriar, M. S., Islam, K. M. A., Zayed, N. M., Hasan, K. B. M. R., & Raisa, T. S. (2021a). The Impact of COVID-19 on Bangladesh’s Economy: A Focus on Graduate Employability. The Journal of Asian Finance, Economics and Business, 8(3), 1395–1403. https://doi.org/10.13106/JAFEB.2021.VOL8.NO3.1395
Shahriar, M.S., Hasan, K.B.M.R., Hossain, T., Beg, T.H., Islam, K.M.A., & Zayed, N.M. (2021b). Financial decision making and forecasting techniques on project evaluation: a planning, development and entrepreneurial perspective. Academy of Entrepreneurship Journal, 27(4), 1-7. Retrieved from https://www.abacademies.org/articles/Financial-decision-making-and-forecasting-techniques-on-project-evaluation-a-planning-development-1528-2686-27-4-553.pdf
Schabek, T. (2020). The financial performance of sustainable power producers in emerging markets. Renewable Energy, 160, 1408-1419. https://doi.org/10.1016/j.renene.2020.06.067
Sueyoshi, T. (2005). Financial ratio analysis of the electric power industry. Asia-Pacific Journal of Operational Research, 22(03), 349-376. https://doi.org/10.1142/S0217595905000509
Uribe, J. M., & Guillen, M. (2020). Quantile regression for cross-sectional and time series data: Applications in energy markets using R. Cham, Switzerland: Springer International Publishing.
Vibhute, N. S., Haralayya, B., & Jeelan, B. V. (2021). Performance Evaluation of Selected Banks using Ratio Analysis. J Adv Res Eco Busi Mgmt, 4(2), 36-44.
Zayed, N. M .Z., Meero, A., Rahman, A. A. A., Islam, K. M. A., Shahiduzzaman Khan Shahi, Shama Tasnim. (2021a). Demand and Supply-Side Analysis of Dhaka Based Online Business during the COVID-19 Pandemic: Evidence from Bangladesh. Journal of Southwest Jiaotong University, 56(3). https://doi.org/10.35741/issn.0258-2724.56.3.47
Zayed, N. M., Islam, K. M. A., Shahi, S. K., Rahman, M. S., & Raisa, T. S. (2021b). AN ANALYSIS ON THE EFFECTS OF CORONAVIRUS (COVID-19) ON THE FINANCIAL MANAGEMENT OF MULTINATIONAL CORPORATIONS. Australian Finance & Banking Review, 5(1), 43-53. https://doi.org/10.46281/afbr.v5i1.1015
Zayed, N. M., Edeh, F. O., Darwish, S., Islam, K. M., Kryshtal, H., Nitsenko, V., & Stanislavyk, O. (2022). Human Resource Skill Adjustment in Service Sector: Predicting Dynamic Capability in Post COVID-19 Work Environment. Journal of Risk and Financial Management, 15(9), 402. https://doi.org/10.3390/jrfm15090402
Zayed, N. M., Edeh, F. O., Islam, K. M. A., Nitsenko, V., Dubovyk, T., & Doroshuk, H. (2022). An Investigation into the Effect of Knowledge Management on Employee Retention in the Telecom Sector. Administrative Sciences, 12(4), 138. https://doi.org/10.3390/admsci12040138
Published
2022-11-13
How to Cite
Uddin, M. S., Alam, M. F.-E.-, Kader, S. A., Imran, M. A., & Beg, T. H. (2022). FINANCIAL PERFORMANCE EVALUATION THROUGH RATIO ANALYSIS: A STUDY ON RURAL POWER COMPANY LTD. International Journal of Business and Management Future, 8(1), 9-18. https://doi.org/10.46281/ijbmf.v8i1.1827
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper
Copyright (c) 2022 Muhammad Salah Uddin, Md. Faisal-E-Alam, Sheikh Abdul Kader, Md. Ali Imran, Tahrima Haque Beg
This work is licensed under a Creative Commons Attribution 4.0 International License.
Business and Management Future Society [Affiliated Societies] is licensed under a 