[7]
提车马上期说到Working Capital Management
[10]
今天 提车马要教大家算一算cash conversion cycle
[16]
Cash conversion cycle
[21]
这其实也是叫做working capital cycle
[24]
就是公司一般用多长时间把投资在货物的钱转为现钱
[34]
inventory conversion period
[36]
+receivables collection period
[39]
-payables deferral period
[59]
sell stock on credit把货卖出去
[63]
credit sales就是卖出去货但不是马上收到钱
[68]
到了第105天才collect on sales收到1400元
[82]
inventory conversion period
[84]
+receivables collection period
[86]
-payables deferral period
[89]
先算inventory conversion period
[102]
接着receivables collection period
[119]
接着要找payables deferral period
[132]
最后，CCC等于60天+45天-30天=75天
[163]
Inventory conversion period
[165]
= Closing stock/cost of sales x 365
[172]
Receivable collection period
[174]
= Receivables/credit sales x 365
[180]
Payables deferral period
[182]
= Payables/credit purchases x 365
[199]
ABC公司的sales是15million
[202]
closing inventories有2million
[210]
cost of goods sold 是sales的80percent
[214]
记得Cost of goods sold也就是我们的purchases
[223]
首先，把cost of goods sold算出来
[226]
用15million 乘80% = 12 million
[238]
Inventory conversion period
[241]
= 2million/12million x 365
[247]
Receivable collection period
[249]
=3million/15million x 365
[257]
Payables deferral period
[260]
=1million/12million x 365
