Working capital management is connected with the difficulties that happen in attempting to manage the current assets, the current liabilities and the interrelationship that exists between them. The term current assets means assets which in the normal course of business can be, or will be, converted into cash within one year or shorter period. The core current assets are cash, easily salable securities, debtors and inventory. Current liabilities are which are to be paid within a year or shorter period of time, out of the current assets or earning of the concern. The basic current liabilities are accounts payable, bills payable, bank overdraft, and outstanding expenses. The main objective of working capital management is to see the firm’s current assets and current liabilities in such a way that a satisfactory level of working capital is maintained smoothly. The main objectives of this study are to examine and evaluate the working capital management in selected Cement Industries, examine the management pattern of inventory, liquidity position and receivables management. This also finds the relationship between Working Capital Efficiency and Profitability, Profitability...

KEYWORDS: Working Capital, Liquidity, Profitability, Current Liabilities, Outstanding Expenses.