Trend Analysis of Cost Components in Select Pharmaceutical Companies
C Samuel Joseph1, F J Peter Kumar2, S. Paul Jefferson Clarence3
1Dr. C Samuel Joseph*, Professor & Head, Department of Management Studies, Karunya Institute of Technology and Sciences, Coimbatore (Deemed University), Haryana, India.
2Dr. F. J. Peter Kumar, Associate Professor, Department of Management Studies, Karunya Institute of Technology and Sciences, Coimbatore (Deemed University), Haryana, India.
3Mr. Paul Jefferson Clarence, Department of Management Studies, Karunya Institute of Technology and Sciences, Coimbatore (Deemed University), Haryana, India.
Manuscript received on November 15, 2019. | Revised Manuscript received on November 23, 2019. | Manuscript published on November 30, 2019. | PP: 2289-2298 | Volume-8 Issue-4, November 2019. | Retrieval Number: D8128118419/2019©BEIESP | DOI: 10.35940/ijrte.D8128.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The purpose in this paper is to identify the cost components which are vital in consideration towards manufacturing especially in pharmaceutical companies. The manufacturing costs are significant in total expenses in pharmaceutical industry. In this study, a thorough investigation on the cost components and the trend in expenses and operating profit of pharma companies are studied, giving due regard to cost components to have understanding and to find out how they may differ among various types of pharma companies. The data published in the annual reports from 2009 to 2018 of top five pharmaceutical companies based on their annual revenues has been selected for further diagnosis. The analysis reveals that manufacturing costs are different for all the five companies. The study also reveals that there is a considerable indication that the companies are conscious on the much-needed health benefits to the society in the future at an affordable cost.
Keywords: COGS, Pharmaceutical Manufacturing Companies.
Scope of the Article: Manufacturing IoT.