A VISUALIZATION APPROACH FOR COMPARING FINANCIAL PERFORMANCE OF PHARMACEUTICAL COMPANIES

Authors

  • DR. SUCHITA GUPTA Assistant Professor at Shri Vaishnav Institute of Management, Gumasta Nagar, Scheme No. 71, Indore (M.P.), 452009
  • DR. SHALU KOTWANI Assistant Professor at Shri Vaishnav Institute of Management,Gumasta Nagar, Scheme No. 71, Indore (M.P.), 452009

Keywords:

Financial performance, Pharmaceutical sector, Visualization, Tableau

Abstract

Pharmaceutical industry of India is grooming with fast rate. It is estimated at US$ 42 billion and growth is expected to continue in future. Indian Pharmaceutical companies are among the few companies who have come up with Covid 19 medicines and vaccines. These companies not only serving India but also other countries. Glenmark pharmaceutical was the first company to introduce oral drug for curing Covid 19, then some other companies like Cipla Ltd, Sun Pharmaceutical Industries, Best Biotech, Intas Pharmaceutical and so on also produces oral drug for the treatment of Covid 19. Past two years were phenomenal in terms of business and growth, many sectors have shown fluctuations due to pandemic, pharmaceutical sector also got affected by it to some extent, but have come with positive growth in last FY that is 2020-21. With the rapid changing business environment it is essential to measure the financial performance of the firm for long term sustainability. The financial data is so scattered that it is not possible for a layman to extract the vital information from them. It also delays the important decisions on the part of the various  stakeholders. Although there are numerous statistical and financial techniques are available to analyse the financial data, but all these techniques are complex and difficult to understand by a layman. This leads to the need of the simple technique that helps to analyse financial data easily. Now a day’s visualization is adopted whole heartedly by researchers and professionals to present the financial information in simplified manner. Visualization software like tableau, Power BI, Sisense are used by the professionals worldwide The study evaluates the financial performance of top five pharmaceutical companies selected on the basis of their market capitalization. The study is exclusive as it applies data visualization techniques through Tableau software to analyse the performance and interpret the results.

Downloads

Download data is not yet available.

References

• Bhunia,A. (2010).Financial Performance of Indian Pharmaceutical Industry -A Case Study. Asian Journal of Management Research, ISSN 2229 — 3795.

• Cui, Wenqiang. (2019). Visual Analytics: A Comprehensive Overview. IEEE Access. 7. 1-1. 10.1109/ACCESS.2019.2923736.

• Daryantoa,D.,Daryantob,W.M.(2019). Financial Performance Analysis and Evaluation of Pharmaceutical Companies in Indonesia International Journal of Innovation, Creativity and Change,Volume 6, Issue 3.

• Gopalakrishnan, M., Sathish,A.J., Reddy , A.P. ,& Krishna U.R.(2016). Analysis of Financial Performance of Pharmaceutical Companies Using Z score Model. Shanlax

International Journal of Management, Volume 4, Issue 2, October 2016, ISSN: 2321-4643.

• Jaaskelainen, A. T. H., &Roitto, J-M. (2016). Visualization Techniques Supporting Performance Measurement System Development. Measuring Business Excellence, 20(2 ), 13-25. https://doi.Org/10. l 108/MBE-09-2014-0032.

• Puwar, A., Jalan, K.,Garg, A. (2018).Financial Analysis of Pharmaceutical Companies in India. International Journal of Science and Research. Volume 7 Issue

, August 2018, 418 - 426.

• Srividya. &Vijayalakshmi (2014). A Study on Financial Performance of Pharmaceutical Industry in India. Journal of Management and Science, ISSN: 2249-

, e-ISSN: 2250-1819, Vol.4. No.3, September’2014.

• Teker, S., Teker, D., Guner, A. (2016). Financial Performance of Top 20 Airlines.12th International Strategic Management Conference, ISMC 2016, 28-30 October 2016,

Antalya, Turkey. Procedia - Social and Behavioral Sciences 235 (2016) 603- 610.

• Zhao, J., Karimzadeh,M., Snyder, L.S., Surakitbanharn, C.,Qian,Z.C.,& Ebert, D.S.(2020). MetricsVis: A Visual Analytics System for Evaluating Employee

Performance in Public Safety Agencies. IEEE Transactions on Visualization and Computer Graphics, Vol. 26, no. 1, January 2020.

• https://cambridge-intelligence.com/use-cases/pharma/

• https://phamax.ch/the-rising-need-of-visualization-tools-in-the-pharmaceuticalindustry/

• file:///C:/Users/kotwani/Downloads/Visual Analytics in the Pharmaceutical Industrv.pdf

• https://www.monevcontrol.com/financials/sunpharmaceuticalindustries/balancesheetVI/SPI

• https://www.moneycontrol.eom/financials/cipla/balance-sheetVI/C

• https://www.monevcontrol.com/financials/drreddvslaboratories/balance-sheetVI/DRL

• https://www.monevcontrol.com/financials/divislaboratories/balance-sheetVI/DL03

• https://www.monevcontrol.com/financials/torrentpharmaceuticals/balancesheetVI/TP06

Downloads

Published

2022-12-31

How to Cite

GUPTA, D. S., & KOTWANI, D. S. . (2022). A VISUALIZATION APPROACH FOR COMPARING FINANCIAL PERFORMANCE OF PHARMACEUTICAL COMPANIES. The Journal of Contemporary Issues in Business and Government, 28(4), 517–543. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2497

Issue

Vol. 28 No. 4 (2022): The journal of contemporary issues in business and government

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

You are free to:

  1. Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
  2. Adapt — remix, transform, and build upon the material for any purpose, even commercially.
  3. The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  1. Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  2. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:

You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .

No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.