新用戶掃碼下載
掃碼下載APP
及時接收考試資訊及
備考信息
Working capital management 運營資本管理(一)
1. Working capital
To support day to day running of the business, it refers to the difference between an organization’s current assets and its current liabilities. If the working capital is excess, the company becomes over-capitalization.
2. The indicators for overtrading:
•Rapid increase in turnover
•Rapid increase in the volume of current assets
•Most of the increase in assets financed by credit
•Dramatic drop in the liquidity ratio
3. Some formulas:
(1)Inventory turnover=Cost of sales/Average inventory
Inventory days= (Inventory/Cost of sales)*365 the lower the better.
(2)Account receivable days= (Account receivable/Credit sales)*365
(3)Account payable days= (Account payable/Credit purchase)*365 the longer the better.
(4)Cash operating cycle (COC)
It refers to that from the date making the payment to the date receiving payments from customers.
COC= Inventory days+ Receivable days- Payable days
The company should shorten both inventory days and trade receivable days, enlarge payable days.
【我要糾錯】 責(zé)任編輯：Sarah
推薦閱讀
相關(guān)資訊
限時免費資料
-
歷年樣卷
-
考試大綱
-
詞匯表
-
報考指南
-
考官文章
-
思維導(dǎo)圖
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號