Financial Performance Growth of Oman Cement Company

Abstract

Purpose: The objectives of the study were to analyse the financial growth of Oman Cement Company (OCC) to critically investigate the financial performance along with its growth in the Oman cement industry. Design/methodology/approach: The data was collected from the five years’ financial statements between 2016 and 2020 listed in the Muscat Security Market and the analysis was carried out applying the different ratios – profitability ratios, liquidity ratios, management efficiency ratios, operating ratios, and financing ratios. Findings: The results of the study reveal that the OCC growing more efficiently in finance with effectively utilizes its assets. The company liquidity position was given a positive sign during the study period. The management and operating efficiency are less, and it needs improvement. Overall financial growth is stable impartment started during the end of the study period. Research limitations/implications: The study implies that the company management needs to utilize the fixed assets and improve the cash and cash equivalents. The production policy needs an eye on the future success of management. Social implications: The study suggests that the management should act wisely in handling finance. Further, the OCC policies should maintain standards to compete with foreign competitors. Originality/Value: Only a very few have examined the causes for the financial issue in the Oman cement industry, and it is a first-hand study of its kind, and the results will be useful to the stakeholders.