{"id":6482,"date":"2023-03-21T13:04:25","date_gmt":"2023-03-21T13:04:25","guid":{"rendered":"https:\/\/hotlinemarketing.pk\/?p=6482"},"modified":"2023-04-09T12:55:29","modified_gmt":"2023-04-09T12:55:29","slug":"working-capital-formula-components-and-limitations","status":"publish","type":"post","link":"https:\/\/hotlinemarketing.pk\/?p=6482","title":{"rendered":"Working Capital: Formula, Components, and Limitations"},"content":{"rendered":"<div id=\"toc\" style=\"background: #f9f9f9;border: 1px solid #aaa;display: table;margin-bottom: 1em;padding: 1em;width: 350px;\">\n<p class=\"toctitle\" style=\"font-weight: 700;text-align: center;\">Content<\/p>\n<ul class=\"toc_list\">\n<li><a href=\"#toc-0\">Working capital requirement calculation<\/a><\/li>\n<li><a href=\"#toc-1\">Get the best accounts payable software for your business<\/a><\/li>\n<li><a href=\"#toc-2\">Working Capital Management Objectives<\/a><\/li>\n<li><a href=\"#toc-3\">How to Improve Working Capital Management<\/a><\/li>\n<li><a href=\"#toc-4\">Join Sage<\/a><\/li>\n<li><a href=\"#toc-5\">The working capital ratio: another key metric<\/a><\/li>\n<\/ul>\n<\/div>\n<p><img decoding=\"async\" class='wp-post-image' style='display: block;margin-left:auto;margin-right:auto;' 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\" width=\"258px\" alt=\"what is working capital\"\/><\/p>\n<p>A company can increase its working capital by selling more of its products. If a company finds it difficult to receive cash from its debtors, it may suffer from cash flow problems. The collection ratio is often used to calculate the average time it takes for a company to receive payment after a credit sale is made. Working capital is the difference between current assets and current liabilities.<\/p>\n<div itemScope itemProp=\"mainEntity\" itemType=\"https:\/\/schema.org\/Question\">\n<div itemProp=\"name\">\n<h3>What is working capital in simple terms?<\/h3>\n<\/div>\n<div itemScope itemProp=\"acceptedAnswer\" itemType=\"https:\/\/schema.org\/Answer\">\n<div itemProp=\"text\">\n<p>In short, working capital is the money available to meet your current, short-term obligations. To make sure your working capital works for you, you&apos;ll need to calculate your current levels, project your future needs and consider ways to make sure you always have enough cash.<\/p>\n<\/div><\/div>\n<\/div>\n<p>The other concern is that it may be impossible to collect old accounts receivable, which might really be bad debts. To mitigate these issues, a more accurate working capital formula is to strip old inventory and old receivables from the calculation. Products that are bought from suppliers are immediately sold to customers before the company has to pay <a href=\"https:\/\/1investing.in\/average-collection-period-advantages-examples-with\/\">Average Collection Period Advantages Examples with Excel Template<\/a> the vendor or supplier. In contrast, capital-intensive companies that manufacture heavy equipment and machinery usually can\u2019t raise cash quickly, as they sell their products on a long-term payment basis. If they can\u2019t sell fast enough, cash won\u2019t be available immediately during tough financial times, so having adequate working capital is essential.<\/p>\n<h2 id=\"toc-0\">Working capital requirement calculation<\/h2>\n<p>Many businesses face short-lived periods of negative working capital alongside periods of positive working capital. If you receive a positive figure after subtracting current liabilities from current assets, you have positive working capital. A positive working capital indicates that a company has capital to work with. In the above example, the working capital is positive, meaning that the company has sufficient liquid assets to pay its current debt and &#8220;extra&#8221; assets to cover unexpected expenses. Depending on the type of business, companies can have negative working capital and still do well. These companies need little working capital being kept on hand, as they can  generate more in short order.<\/p>\n<ul>\n<li>In the above example, the working capital is positive, meaning that the company has sufficient liquid assets to pay its current debt and &#8220;extra&#8221; assets to cover unexpected expenses.<\/li>\n<li>Lenders don&#8217;t put restrictions on how the money can be used, and you don&#8217;t have to explain how you spend it.<\/li>\n<li>Working capital is a financial metric calculated as the difference between current assets and current liabilities.<\/li>\n<li>The formula for calculating net working capital is simple, but it is important to only include current assets and liabilities.<\/li>\n<\/ul>\n<p>The company cannot cover its debts with its current working capital and will likely have difficulty paying back its creditors. Most analysts consider ratios between 1.5 and 2.0 as ideal, indicating a company is making effective use of its assets. An excessively high ratio, usually greater than 2.0 can indicate the company is not making the best use of its assets, allowing excess cash to sit idle. However, if working capital remains negative over a long period, it could indicate a problem. If a company relies on loans or stock issuances to cover its current liabilities, it needs  to review its business strategy.<\/p>\n<h2 id=\"toc-1\">Get the best accounts payable software for your business<\/h2>\n<p>Before you even start to calculate your NWC, you should list all your assets and liabilities. In general, long-term debts do not constitute liabilities that affect net working capital. Similarly, intangible assets do not contribute to increasing your working capital. Conversely, a negative NWC is when a company\u2019s liabilities are far greater than what it can afford to pay. In a situation like this, the company would need to secure investments to avoid going bankrupt.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' 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\" width=\"257px\" alt=\"what is working capital\"\/><\/p>\n<p>When calculating net working capital, many analysts check to see if it is too high, or too low. By doing this, they can see the extent to which the  business is managing its inventory, receivables, and vendors. Net working capital is a core metric used to monitor a company\u2019s financial health.<\/p>\n<h2 id=\"toc-2\">Working Capital Management Objectives<\/h2>\n<p>The basic calculation of working capital is based on the entity&#8217;s gross current assets. Because of this, the quick ratio can be a better indicator of the company\u2019s ability to raise cash quickly when needed. Several financial ratios are commonly used in working capital management to assess the company\u2019s working capital and related factors. For example, a retailer may generate 70% of its revenue in November and December \u2014 but it needs to cover expenses, such as rent and payroll, all year. In mergers or very fast-paced companies, agreements can be missed or invoices can be processed incorrectly. Working capital relies heavily on correct accounting practices, especially surrounding internal control and safeguarding of assets.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' 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width=\"254px\" alt=\"what is working capital\"\/><\/p>\n<p>Another metric showing the ability of your company to pay for its current liabilities with its current assets is theworking capital ratio. This capital &#8211; also referred to as NWC &#8211; is the total amount of assets that are easily accessible to a business, at any given time. These assets are used by the business to cover their short-term debts, payments, and any liabilities they may have. It affects all aspects of your business, from paying your employees and taxes to making new investments and planning for sustainable long term growth. In short, it is the cash available to meet your current, short term obligations. The aim is for your business to maintain a positive calculation so that you can withstand financial challenges and have the flexibility to invest in growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Content Working capital requirement calculation Get the best accounts payable software for your business Working Capital Management Objectives How to Improve Working Capital Management Join Sage The working capital ratio: another key metric A company can increase its working capital by selling more of its products. If a company finds it difficult to receive cash [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[],"class_list":["post-6482","post","type-post","status-publish","format-standard","hentry","category-bookkeeping"],"acf":[],"_links":{"self":[{"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=\/wp\/v2\/posts\/6482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6482"}],"version-history":[{"count":1,"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=\/wp\/v2\/posts\/6482\/revisions"}],"predecessor-version":[{"id":6483,"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=\/wp\/v2\/posts\/6482\/revisions\/6483"}],"wp:attachment":[{"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotlinemarketing.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}