|
Dynamics of business activity indicators demonstrate growth in efficiency of resource utilization, and acceleration of working capital turnover:
 turnover of receivables is shortened by 29 days;
speed of turnover of inventories is increased by a multiple of 1.3;
turnover of payables is shortened by 21 day;
length of the financial cycle by results of the reporting period has become negative and had a value of -17 days.
Business Activity Indicators
|
M.U. |
2002 |
2003 |
| Turnover of receivables |
Days |
83 |
54 |
| Rotations |
4.3 |
6.7 |
| Turnover of inventories |
Days |
53 |
41 |
| Rotations |
6.8 |
8.9 |
| Turnover of payables |
Days |
133.0 |
112.0 |
| Rotations |
2.7 |
3.2 |
| Financial cycle length |
Days |
3 |
-17 |
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