Podcast appearances and mentions of cash conversion cycle

In this episode of Corporate Treasury 101, we dive into the evolving role of corporate treasury and explore how it can shift from a traditional cost center to a strategic business partner. Our guest, Kurt Smith, Director at Marengo Capital and Vice President of the Australian Corporate Treasury Association, shares actionable insights on how treasury teams can move beyond operational functions and start driving enterprise value. We explore how treasurers can help define risk appetite, optimize capital allocation, and influence key business decisions. From understanding the strategic importance of metrics like ROIC and WACC to navigating internal relationships and regulatory discussions, this episode is packed with practical advice for any treasury professional looking to elevate their impact.Kurt Smith draws from decades of experience in fund management, derivatives trading, and treasury consulting to explain how corporate finance teams can move upstream in the value chain. He breaks down what it means to be a strategic treasurer, how to optimize working capital through better cash conversion cycles, and why financial acumen should be embedded across treasury teams. We also discuss the state of treasury in Australia, how ACTA supports professionals through networking and education, and how treasurers can embrace AI to free up time for higher-value work.What You'll Learn in This EpisodeHow to reposition treasury from a cost center to a value-adding business partnerThe importance of aligning treasury with enterprise risk appetite and capital allocationWhy understanding ROIC and WACC is critical for measuring impactHow to improve working capital through smarter cash conversion and internal advocacyReal-world examples of building treasury influence through operational and regulatory engagementHow ACTA is raising the bar for treasury professionals in AustraliaWhere AI fits into the future of strategic treasuryEpisode Breakdown & Timestamps[00:00] – Introduction & AFP Partnership ($100 Off CTP Certification)[01:00] – Kurt Smith's Background and Role at ACTA[03:03] – What Treasury Departments Typically Focus On[04:39] – Core Treasury Functions: Cash, Risk, and Funding[06:15] – From Cost Center to Value Creation Unit[09:12] – Defining and Influencing Risk Appetite[13:36] – Operational vs. Strategic Treasury[17:28] – KPIs that Matter: ROIC, WACC, and Enterprise Risk[20:59] – Turning Treasury into a Profit Center[26:00] – Strategic Cash Flow Management & Internal Advocacy[30:37] – Case Study: Streamlining Insurance with Tech[34:51] – Cash Conversion Cycle and Working Capital Optimization[41:50] – Creating a Competitive Internal Market for Capital[46:00] – Real-Time Cost of Capital: Why Treasury Should Own It[55:00] – Treasury in Australia: Opportunities & Challenges[01:03:00] – ACTA's Role in Supporting Treasury Professionals[01:10:00] – AI, Digital Tools & the Future of Strategic Treasury[01:24:48] – Final Thoughts & How to Connect with KurtFollow our guest Kurt Smith:LinkedIn: https://www.linkedin.com/in/kurt-smith-phd-97053515/ Website:

In this episode of Going Forward, Eric Elliott welcomes Brian Feroldi, financial educator and investment expert, to discuss the power of financial literacy in business and investing. Brian shares his journey into investing, why understanding numbers is crucial, and how passion alone isn't enough to run a successful business.They also explore the financial pressures law firms face, including the Cash Conversion Cycle—revealing how rapid growth without the right strategy can harm a business. Whether you're an investor, entrepreneur, or business owner, this episode offers valuable insights to help you make smarter financial decisions.Connect w/ Eric Elliott: Website: ⁠⁠https://ericelliott.com/⁠⁠ Facebook: ⁠⁠https://www.facebook.com/ericelliottspeaker⁠⁠ LinkedIn: ⁠⁠https://www.linkedin.com/in/iamericelliott/⁠⁠ Instagram: ⁠⁠https://www.instagram.com/ericmelliott/⁠⁠ Twitter: ⁠⁠https://twitter.com/EricMElliott⁠⁠ Tiktok: ⁠⁠https://www.tiktok.com/@ericmelliott⁠⁠ Email: Eric@EricElliott.com Text: 843-279-5843Connect w/ Brian Feroldi: Website: ⁠⁠https://www.brianferoldi.com⁠ Read: "Why does the StockMarket Go Up" https://www.brianferoldi.com/book/ ⁠ ⁠Instagram: ⁠https://www.instagram.com/brianferoldi/ ⁠LinkedIn: https://www.linkedin.com/in/brianferoldi/ Twitter: https://x.com/brianferoldi?mx=2 Facebook: https://www.facebook.com/brian.feroldiSupercharge your online advertising campaigns with Optmyzr! Streamline management, optimize performance, and boost your ROI.Visit⁠⁠https://hs.optmyzr.com/hs/vip⁠⁠ to discover how Optmyzr can revolutionize your digital marketing.As a special treat for our listeners, sign up with the code GOINGFORWARD20 and enjoy an exclusive 20% discount on your first year with Trainual! Seize this opportunity to supercharge your operations and propel your business forward!Eric Elliott is a self-made entrepreneur and marketing expert with extensive experience crafting impactful brand narratives for clients across industries. He is the founder of VIP Marketing and Craft Creative. In 2009, Mr. Elliott started VIP Marketing with almost no resources. VIP now has a global team and is recognized as one of the top branding agencies in the USA by Clutch. co. He founded Craft Creative in 2015, a full-service video production company providing premium services to clients across the US. Eric is also the host of Going Forward, a podcast moving conversations with entrepreneurs and leaders that inspire, motivate, and challenge you to embrace possibility and make a difference. Mr. Elliott is the author of numerous articles and an active contributor to Entrepreneur Magazine, Forbes, and Medium. Recognized as a pillar of his community, the city of North Charleston established Eric Elliott Day to honor his name and legacy to inspire others.Brought to you by VIP Marketing:VIP Marketing is a digital advertising agency based in Charleston, SC. Our mission is to separate our clients from the crowd. We commit to serving and delivering their marketing and creative needs on time and within scope. So then, our goal is to partner with businesses to market to the right people and capture their attention. In brief, we get results with premium video production, social media marketing, graphic design, media planning, and media buying.

ในช่วงปลายทศวรรษ 1990 โลกธุรกิจกำลังตื่นตัวกับปรากฏการณ์ที่เรียกว่ายุคดอทคอม เมื่อบริษัทสตาร์ทอัพนับร้อยต่างพากันก่อตั้งธุรกิจบนโลกออนไลน์ด้วยความหวังที่จะพลิกโฉมอุตสาหกรรมดั้งเดิมและสร้างผลกำไรมหาศาล นักลงทุนต่างทุ่มเงินลงทุนในบริษัทเหล่านี้ด้วยความเชื่อมั่นว่าอินเทอร์เน็ตจะเปลี่ยนแปลงวิถีการดำเนินธุรกิจไปตลอดกาล แต่เมื่อเวลาผ่านไปเพียงทศวรรษเดียว ฟองสบู่ดอทคอมก็แตก บริษัทส่วนใหญ่ต้องปิดตัวลงหรือถูกซื้อกิจการในราคาถูก ท่ามกลางซากปรักหักพังของยุคดอทคอม มีเพียงไม่กี่บริษัทที่รอดพ้นวิกฤตและเติบโตอย่างแข็งแกร่ง หนึ่งในนั้นคือ Amazon เลือกฟังกันได้เลยนะครับ อย่าลืมกด Follow ติดตาม PodCast ช่อง Geek Forever's Podcast ของผมกันด้วยนะครับ #AmazonSuccess #JeffBezos #AmazonStory #ธุรกิจAmazon #กลยุทธ์Amazon #AmazonThailand #StartupThailand #ธุรกิจออนไลน์ #EcommerceTH #AWSThailand #นวัตกรรมAmazon #การเงินธุรกิจ #ความสำเร็จAmazon #บริหารธุรกิจ #CashFlow #ดอทคอม #AmazonPrime #สตาร์ทอัพ #ธุรกิจยั่งยืน #CEOThailand #geekstory #geekforeverpodcast

Craig Jeffery and Paul Galloway discuss the cash conversion cycle (CCC) and how fintechs are transforming procure-to-pay (P2P) and order-to-cash (O2C) processes. Topics include balancing efficiency and capital, improving liquidity management, and leveraging AI for scalability. Listen in to learn more. Download our Treasury Technology Analyst Report The upcoming webinars mentioned in this podcast are: TMS on Wednesday, January 8 at 2pm Treasury Aggregators on Wednesday, February 5 at 2pm SCF, CCC, and the Treasury Ecosystem on Wednesday, March 5 at 2pm Sign up or watch the replay at https://strategictreasurer.com/webinars/

Craig Jeffery and Paul Galloway discuss the evolving role of treasury aggregators (TAs) in today's connected world, including their function, the use of networks, APIs, and host-to-host (H2H) connections. Key topics include payment security, the future of SWIFT, and whether the expansion of APIs will support TAs or pose an existential challenge. Listen in to learn more. Download our Treasury Technology Analyst Report The upcoming webinars mentioned in this podcast are: TMS on Wednesday, January 8 at 2pm Treasury Aggregators on Wednesday, February 5 at 2pm SCF, CCC and the Treasury Ecosystem on Wednesday, March 5 at 2pm  Sign up at https://strategictreasurer.com/webinars/

In this solo episode, CJ does a deep dive into cash conversion cycles, telling listeners what he's learned about them, sharing real-life tales from his career, and explaining how certain companies are excelling at theirs. CJ starts by breaking down how he got his company's Days Sales Outstanding (DSO) down from 55 days to 37 days (a 33% improvement) and Days Payable Outstanding (DPO) up from 35 days to 47 days in the course of a year. Then he talks about how he achieved this through three big changes that he made, before delving into inventory management. Listen in to hear the stories of companies who have perfected the art of the cash conversion cycle and the dynamic methods they use to manage their cash inventory, their accounts receivable, and their accounts payable.If you're looking for an ERP head to NetSuite: https://netsuite.com/metrics and get a customized KPI checklist.—SPONSORS:Mercury is the fintech ambitious companies use for banking and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over 100K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best. Learn more at mercury.com.Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.NetSuite provides financial software for all your business needs. More than 37,000 thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and get a customized KPI checklist. Maxio is the only billing and financial operations platform that was purpose built for B2B SaaS. They're helping SaaS finance teams automate billing and revenue recognition, manage collections and payments, and put together investor grade reporting packages.

What happens when you bring together some of the brightest minds in business to share their secrets to success? Join us as we reconnect with Robb Green, a veteran Amazon FBA seller who has exited three businesses and now leads a vibrant mastermind group. We journey back to our 2016 weekly mastermind meetings and trace how these gatherings have shaped our entrepreneurial paths, highlighting the invaluable role of community and networking in our e-commerce ventures. Robb reveals the magic behind his current mastermind, which convenes in stunning locations like Hawaii, and underscores the power of collective insight in navigating the complexities of industries like e-commerce.   Have you ever wondered how the most effective mastermind groups operate? We dissect the essential elements that foster a productive mastermind culture, from ensuring members are both contributors and learners to maintaining a structured approach in presenting business challenges. Discover how diverse methodologies, such as curated expert panels, can provide targeted solutions and drive business growth, creating a collaborative environment akin to having your own board of directors.   Curious about the real journey behind building successful e-commerce brands? We share candid stories from Kevin and Robb's journey into Amazon-selling, starting in mid-2015, and the lessons learned from both our triumphs and setbacks. Our conversation spans the strategic intricacies of managing cash flow, understanding unit economics, and leveraging platforms like TikTok to boost visibility and sales. We also delve into the transformative role of AI, exploring how custom GPTs can revolutionize business operations and why staying ahead of tech advancements is crucial for long-term success. Tune in for a rich tapestry of insights that can propel your e-commerce business to new heights! In episode 405 of the AM/PM Podcast, Kevin and Robb discuss: 01:24 - Masterminds and Networking 08:09 - Evolving Mastermind Value and Structure 12:41 - Innovative Networking Event With Top Influencers 13:28 - Lessons in Building E-Commerce Brands 17:47 - Product Category Influence on Pricing 21:51 - Narrow Focus in E-Commerce Strategy 28:11 - Cash Conversion Cycle in Amazon Business Operations 32:01 - Forecasting Returns and Profitability on Amazon 36:52 - Future of AI in Business 44:16 - E-Commerce Seller Trends and Updates 44:26 - Leveraging TikTok for E-Commerce Success 49:50 - TikTok Shop's Impact on E-Commerce 52:35 - Business Owners and Case Studies 55:29 - Kevin King's Words Of Wisdom

Cash Conversion Cycle: The Secret Weapon for Business Growth [Cash Flow, Inventory Management, Scaling Up]This episode dives deep into the CCC, a critical metric that reveals how quickly your business converts inventory into cash. The shorter the CCC, the more efficient your operations and the faster you can grow!In this video, you'll learn:What the Cash Conversion Cycle is and why it mattersHow to calculate your CCC (with a simple formula!)Strategies to optimize Inventory Days, Receivables Days, and Payables DaysHow a strong CCC helps you achieve sustainable growthTips to overcome challenges in managing your CCCMastering the CCC is essential for any business owner or entrepreneur serious about scaling and thriving. Don't miss out on this valuable knowledge!CONNECT WITH PETER BOOLKAH:--------------------http://www.Boolkah.comhttps://www.facebook.com/Boolkahhttps://www.instagram.com/pboolkah/https://www.linkedin.com/in/boolkahhttps://twitter.com/boolkah--------------------ABOUT PETER BOOLKAH--------------------Peter Boolkah (AKA The Transition Guy) is the World's #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses. Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful. As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.Peter's ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.So if you are scaling up your business, you're in a bu...

In this episode of Nikonomics, we dive into the world of custom cabinetry with Alex Forbes, the owner of Lane 17 Cabinet Company; a U.S.-based cabinet manufacturer based in Cleveland, Ohio.Join me, Nik (https://x.com/CoFoundersNik), as Alex shares his entrepreneurial journey from starting the business in his garage to scaling it to handle high-end residential projects. He discusses the challenges and rewards of manufacturing domestically, the intricacies of managing cash flow, and the strategic decisions that have fueled his company's growth.For anyone interested in the manufacturing industry or entrepreneurship, this episode is packed with valuable insights and real-life experiences. Stick around to hear Alex's thoughts on the importance of continuous improvement, the challenges of cash conversion cycles, and his advice for aspiring business owners.If you enjoyed this episode, please like and subscribe. You can follow Alex on

In this episode, CJ is joined by Bill Zerella, the CFO of the publicly traded auto marketplace ACV Auctions and former CFO of Fitbit, Inc. to discuss hypergrowth and taking companies from the private to public markets at scale. Bill sheds light on his days at Fitbit and the friction he faced in managing a business in hypergrowth mode, as well as its impacts on company culture and managing employees. He explains the CFO's role in understanding tech debt and his approach to forecasting R&D spend. He also talks about Fitbit's unprecedented growth, the company's cash conversion cycle, and how it achieved negative working capital, before he tells the story of what it was like going up against the Apple Watch. Overall, he shares what he learned from his varied career in data-driven businesses. Tune in to hear about navigating hypergrowth and other insights from a CFO with an impressive career in later-stage tech firms. If you're looking for an ERP head to NetSuite: https://netsuite.com/metrics and get a customized KPI checklist. —SPONSORS:Leapfin is accounting automation software that automatically prepares and posts reliable journal entries. High-growth businesses like Reddit, Canva, and Seat Geek choose Leapfin to eliminate manual tasks, accelerate month-end close, and enable accounting leaders to provide faster insights to help their companies grow. To automatically standardize your revenue data with measurable business impact, check out leapfin.com today.Mercury is the fintech ambitious companies use for banking and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over 100K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best. Learn more at mercury.com.Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.NetSuite provides financial software for all your business needs. More than 37,000 thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and get a customized KPI checklist. Maxio is the only billing and financial operations platform that was purpose built for B2B SaaS. They're helping SaaS finance teams automate billing and revenue recognition, manage collections and payments, and put together investor grade reporting packages.

Pushpendra Mehta meets with Craig Jeffery, Managing Partner at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Generative AI insights in treasury and finance TIS to serve CFOs as an orchestration layer for the cash conversion cycle US Treasury ready to make the bond market more resilient New use cases push global real-time payments to record highs  

Today, CJ hosts Taylor Holiday, a legend in the e-commerce and D2C (Direct-to-Consumer) world. He is also the CEO and founder of Common Thread Collective, one of the leading marketing agencies for e-commerce brands. Taylor takes us on a deep dive into marketing best practices and shares profound insights from his years of experience in D2C and e-commerce businesses. He talks about bridging the gap between marketing and finance and what marketers often miss about monetization. He explains when to do marketing in-house and when to hire experts, how unit economics and expectations differ in B2C versus B2B, and why it's so challenging to forecast inventory in e-commerce. Taylor also gives his top tip for anyone starting an e-commerce or D2C business today.If you're looking for an ERP head to NetSuite: https://netsuite.com/metrics and get a customized KPI checklist.—SPONSORS:NetSuite provides financial software for all your business needs. More than 37,000 thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and get a customized KPI checklist. Maxio is the only billing and financial operations platform that was purpose built for B2B SaaS. They're helping SaaS finance teams automate billing and revenue recognition, manage collections and payments, and put together investor grade reporting packages.

In dieser Folge des Onlineshop Geflüster Podcasts geht es um den Cash Conversion Cycle. Liquidität ist eines der Hauptprobleme vieler Shops, aber ist dieses "Leben am Limit" normal im E-Commerce oder gibt es Methoden mit denen du in Zukunft deutlich entspannter auf dein Geschäftskonto schaust. Schreibe mir eine DM auf Instagram, wenn du eine Einladung zur AMEX bekommen möchtest. Damit hast du ein längeres Zahlungsziel für deine Ads und schaffst schon mal den ersten Freiraum. Dein Berend. __________ Mache den ersten Schritt und buche dir eine kostenlose SHOPANALYSE: https://www.berend-heins.de/termin Du hast Vorschläge, Wünsche oder Kritik an uns? Schick uns gerne dein Feedback via https://form.typeform.com/to/jSexWL8b Mehr von Berend: ► Homepage: https://www.berend-heins.de ► Case Studies: https://www.berend-heins.de/bewertungen ► Trustpilot: https://de.trustpilot.com/review/broes-media.de ► LinkedIn: https://www.linkedin.com/in/berend-heins-onlineshop-ecommerce-ecom-shop/ ► Instagram: https://www.instagram.com/berend.heins ► YouTube: https://www.youtube.com/@berendheins ► Newsletter: https://www.berend-heins.de/newsletter Mein Name ist Berend Heins und ich habe früher selbst im Lager Pakete gepackt. Wir haben Hunderttausende € in Agenturen investiert und jeden erdenklichen Fehler mit teurem Lehrgeld gezahlt damit du es nicht mehr machen musst und helfen ambitionierten Brands dabei auf 100-500k Monatsumsatz zu wachsen, ohne sich von teuren Agenturen abhängig zu machen.

Hi there and welcome back to another edition of ScaleUp Radio, the podcast inspired by the Entrepreneurial ScaleUp System and designed to make navigating our ScaleUp journeys that little bit easier by learning from others' experiences. I'm Kevin Brent and this week on the show we bring you one of our themed episodes of ScaleUp Radio and the theme this month is Optimising Our Business Cash Flow.   We delve into the Cash Conversion Cycle (CCC), dissecting each of its four vital components – Sales, Make or Produce, Delivery, and Invoicing/Payment. Whether your business operates in the service or manufacturing sector, understanding and effectively managing the CCC is paramount for achieving sustainable growth and optimising cash flow. We also hear from our guest speaker Clare Vale of Sign Solutions who relates some of the ideas into her practical experience in leading Sign Solutions through a rapid period of growth and two successful rounds of equity funding. On top of that, there is also a valuable panel discussion with a group of business owners, who all discuss their own approaches and challenges with the Cash Conversion Cycle. So as you listen through, try to relate it back to your business and identify one things that you will implement to improve your cash conversion cycle! Make sure you don't miss any future episodes by subscribing to ScaleUp Radio wherever you like to listen to your podcasts. You can also nominate a guest for ScaleUp Radio if you know someone with an interesting ScaleUp story – you can find how in the shownotes So enjoy this episode and listen here!   Scaling up your business isn't easy, and can be a little daunting. Let ScaleUp Radio make it a little easier for you. With guests who have been where you are now, and can offer their thoughts and advice on several aspects of business. ScaleUp Radio is the business podcast you've been waiting for.   If you would like to be a guest on ScaleUp Radio, please click here: https://bizsmarts.co.uk/scaleupradio/apply   You can get in touch with Kevin & Granger here: kevin@biz-smart.co.uk grangerf@biz-smart.co.uk   Kevin's Latest Book Is Available!    Drawing on BizSmart's own research and experiences of working with hundreds of owner-managers, Kevin Brent explores the key reasons why most organisations do not scale and how the challenges change as they reach different milestones on the ScaleUp Journey. He then details a practical step by step guide to successfully navigate between the milestones in the form of ESUS - a proven system for entrepreneurs to scale up.    More on the Book HERE - https://www.esusgroup.co.uk/       Clare can be found here: linkedin.com/in/clare-vale-6032b416 https://www.signsolutions.uk.com/ bookings@signsolutions.uk.com  

In today's podcast, Craig Jeffery sits down with Vikas Shah from LSQ for a discussion on the pressing need for companies to focus on driving cost savings and improving liquidity. Vikas shares specific examples of how businesses are finding cost savings and adding scalability, along with a look into key market challenges such as increased demand, credit deterioration, and the importance of process efficiency. Learn more about LSQ here.

In dieser Podcast-Folge (Folge 12) wird die entscheidende Rolle der finanziellen Verantwortung für Unternehmer:innen beleuchtet. Ein tragisches Beispiel illustriert die Folgen von falscher Finanzführung, während wichtige Kennzahlen wie Cash, Cashflow und Cash Conversion Cycle erläutert werden. Die Empfehlung lautet, die Position des CFO von der Rechnungsführung zu trennen und die Bedeutung dieser Kennzahlen für die Unternehmensführung zu betonen. Abschließend wird ein Finanzanalysetool namens Money Key empfohlen.

Welcome back to the Real Estate Investing School Podcast. Today, we're in for a treat as we sit down with not one, not two, but three guests who share their thrilling journey from Oregon to Nashville in search of real estate deals. Derek, Chris, and Jeff are known as the Wild West Boys. This dynamic trio, once mentors and now partners, dives into the intricacies of flipping houses and mastering wholesale deals, all while emphasizing the power of taking action and forging authentic connections. The Wild West Boys recount their inaugural deal, revealing a unique strategy: renovate for the seller and split the profits. Their approach extends to relationships, advocating for making investments, and appealing to potential partners without directly asking for money. In each episode, the Wild West Boys stress the significance of relationships. They share insights on creating contracts that are fair and protective, formalizing deals through title companies, navigating the unexpected delays that come with real estate transactions, diving into the nuances of flipping versus wholesaling and, unpacking the 3 C's: Cash Conversion Cycle. Resilience is a recurring theme, highlighting the importance of perseverance in the unpredictable real estate landscape. The Wild West Boys provide a blueprint for success, from flip rules to profit calculations. Their dream deal involves luxury rebuilds, and they emphasize the human connection behind every dollar. Believers in Christ, they underscore the importance of people skills and finding trustworthy contractors. Join the Wild West Boys on this real estate adventure, where investors seasoned or beginning alike can learn from their journey. Having a hard time finding deals in today's market? If so, book a free strategy call with us in the link below to see how we can help you!   Show Links: Book a free real estate investing strategy call! No experience necessary. Check out the Real Estate Investing School Youtube Real Estate Investing School Instagram Brody's Instagram Joe's Instagram Wild West Boys' Instagram

In this episode, Mena and Stuart discuss several financial ratios that you can use to monitor the health of your business, including: There's no point having a good accounting system if it doesn't give you useful and actionable information to help you improve your business. Ratios allow you to quickly assess what areas need your attention. Profitability: gross margin, net (EBIT) margin (inc. salary for you), revenue per employee, earnings & revenue growth, return on assets Cash flow: Average creditor/debtor days (debtor days should be < creditor days), Cash Conversion Cycle, cash interest coverage ratioAssets: working capital ratio, stock turnover ratio, ROI Industry/business specific: whatever is your key success factor e.g., profitability ratios by service line and/or product category, etc. If this episode resonated with you, I'd love to hear your thoughts! Sharing your feedback on your favourite podcast platform helps me expand my reach and connect with more incredible listeners like you. Thank you deeply for being a part of this journey! To subscribe to our weekly email: https://www.prosolution.com.au/stay-connected/ SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here: https://prosolution.com.au/books. Work with Stuart & Mena's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. To accomplish this, our multidisciplinary team of experts collaborate extensively on behalf of our clients, ensuring thorough exploration of all potential opportunities. This collaborative method enhances the value we deliver to our clients. Visit: https://prosolution.com.au. Follow us on socials: Stuart: Twitter/X: https://twitter.com/StuartWemyss and LinkedIn: https://www.linkedin.com/in/stuartwemyss/ Mena: LinkedIn: ...

Welcome to the Corporate Treasury 101 Podcast!Click here to join our AI in Treasury weekly Newsletter: AI Treasury Insights!Today, we talk about the broader value of Corporate Treasury, and how can it go from “Support Function” to strategic business partner. To walk us through that topic, we welcome Kurt Smith. Kurt is the Director of Marengo Capital and Vice President and Technical Director of ACTA - the Australian Corporate Treasury Association. Kurt has a Diverse professional background including banking as a Head of Derivative Trading, fund management as an Investment Strategist, Consultant with Marengo Capital and of course, Corporate TreasurerMarengo Capital is a corporate advisory company which specializes in creating and managing value. Kurt's sweet spot is in strategic treasury and corporate finance, ensuring that capital is sourced, structured and allocated in a value-creating way. And well for the Australian Corporate Treasury Association, there is a whole section in the episode dedicated to it, so I won't spoil too much ;) In the episode of today, expect to learn:What Risk Appetite and Risk Strategy truly meansHow could Treasury be much more strategic rather than focusing only on Operational tasksWhat metrics such as Return On Invested Capital, Cash Conversion Cycle and Weighted Average Cost of Capital are? How could Treasurers influence those? The role and missions of the Australian Corporate Treasury AssociationAnd much, much more! Again, a fantastic guest that is truly passionate about Treasury, we hope you will enjoy the episode as much as we do. When you think about how you discovered the podcast, it was probably through word of mouth, social media or recommendation from your favorite podcast app. And this is our ask to you, the only way people can discover our podcast and learn more about Treasury is thanks to you, so if you could follow the show, give us a review or share the episode if you like it, it would mean the world to us. Last but not least, if you would like to learn more about AI and how it can transform our industry, join our bi-weekly newsletter - AI Treasury Insight! Follow the link in the description or head to corporate-treasury-101.com/newsletter.Link & references:Kurt Smith's LinkedIn profile: https://www.linkedin.com/in/kurt-smith-phd-97053515/Marengo Capital: Doesn't have a website live at the moment, but reach out to Kurt if you'd like to know more!ACTA (Australian Corporate Treasury Association): https://actatreasury.com.au/___________________________Click here to join our AI in Treasury weekly Newsletter: AI Treasury Insights!Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com

Matt Putra is an experienced financial executive with a long career spent with small businesses and conducting long-term forecasting for ecommerce brands. He is a Fractional CFO for EightX, a company specializing in predicting the pattern, future, and profit for businesses in any industry.  Matt has worked with many businesses, including Tru Earth, The Tumeric Co., Lusomé, Community Forward Fund, and New Market Funds. Additionally, he works closely with entrepreneurs to help them establish new businesses. In this episode… The Cash Conversion Cycle (CCC) is a metric that many businesses don't consider enough. How many days does your ecommerce business take to convert sales into cash?  Cash is everything for ecommerce businesses. Sales are essential, but cash management is even more important for long-term health. Many young companies neglect this aspect and suffer in the long run, leaving potential growth on the table or burning out. A handful of incredible tips can help online brands shorten their CCC. Guillaume Le Tual again joins Matt Putra, a Fractional CFO at EightX, to discuss CCC in-depth and what ecommerce businesses should improve about their process. They dive into the four steps Matt suggests for brands, why the subject matters so much, and how even small changes can make massive differences. They also go through inventory pricing and adding more value on the back end.

As an Amazon seller, you're always looking for ways to grow your business while keeping your expenses in check. One way to achieve this is by speeding up your cash conversion cycle using good debt. In this episode of the "Protect Your Amazon Profit" series, we'll explore how you can optimize your accounts receivable and payable to increase profitability. Managing accounts receivable and payable is essential for e-commerce brand owners, especially Amazon sellers. Efficient cash management can help to reduce working capital, minimize risks, and grow a business organically. In this episode, we will discuss how you can make more profit from the same capital by speeding up your cash conversion cycle using good debt. Importance of Managing Accounts Receivable and Payable for Amazon sellers As an Amazon seller, managing your cash conversion cycle is critical to increasing your profitability and business growth. The cash conversion cycle formula is a measure of how long it takes for a company to convert its investments in inventory and other resources into cash flows from sales. In this episode, we'll explore how you can speed up your cash conversion cycle using good debt, negotiate favorable payment terms with suppliers, and optimize your accounts receivable and payable. This episode is to provide Amazon sellers with practical strategies for optimizing their cash conversion cycle, reducing working capital, minimizing risks, and increasing profitability using good debt. Why This Matters Reduce Working Capital By optimizing your cash conversion cycle, you can reduce your working capital needs, freeing up capital for other investments or reducing your need for external financing. Minimizing Risks  By improving your accounts receivable and payable management, you can minimize the risks associated with inventory stockouts, delayed payments, and other supply chain disruptions. Grow Organically By reducing your working capital needs and increasing your profitability, you can grow your business organically, without the need for external investment or loans. More Sellable Business By optimizing your cash conversion cycle, you can increase the value of your business and make it more attractive to potential buyers or investors. More Investable By improving your profitability and reducing your need for external financing, your business becomes more investable and can attract higher valuations and better returns on equity. More Lendable If you do need external financing, optimizing your cash conversion cycle can make your business more lendable and improve your cash flow. What We Want Negotiating Favorable Payment Terms with Suppliers Negotiating favorable payment terms with your suppliers can help you manage your cash flow more effectively and reduce your working capital needs. For example, you can negotiate longer payment terms, such as 60 or 90 days, or ask for discounts for early payments. Leveraging Supplier Credit Using supplier credit can help you reduce your working capital needs and improve your cash conversion cycle. By using supplier credit, you can delay payments for inventory until after you have sold it, reducing the need for upfront capital. Classic Mistakes to Avoid Poorly Negotiating Payment Terms with Suppliers If you don't negotiate favorable payment terms with your suppliers, you may be forced to pay upfront for inventory or make payments before you receive payment from your customers. This can strain your cash flow and increase your working capital needs. Having No Cashflow Projections Without accurate cash flow projections, you may not have a clear understanding of your working capital needs or be able to plan for future investments or financing needs. Ignoring Cash Flow Projections Even if you have cash flow projections, ignoring them can be just as damaging.

Welcome to the fifth episode of our "Protect Your Amazon Profit" series. In this episode, we'll be discussing how to maximize your profit with the cash conversion cycle formula. As an e-commerce brand owner on Amazon, it's essential to scale your brand with minimal capital. Optimizing your cash conversion cycle is one way to achieve this goal. This post aims to provide you with the necessary information and tips to improve your cash conversion cycle and scale your brand successfully. Importance of optimizing cash conversion cycle for Amazon sellers Optimizing your cash conversion cycle is critical for Amazon sellers. It's a metric that measures how long it takes for your company to convert resources into cash flow. The faster you can convert your resources into cash, the more profitable your business will be. Helping you maximize your profit with the cash conversion cycle formula. We'll discuss its importance, why it matters, what we want, classic mistakes to avoid, and five to ten talking points to help you optimize your cash conversion cycle. Why This Matters Direct impact on profitability Optimizing your cash conversion cycle has a direct impact on your profitability. The faster you can convert resources into cash, the more capital you'll have available to invest in growing your business. Grow faster By improving your cash conversion cycle, you can grow your business faster. You'll have the capital available to invest in inventory, marketing, and other growth initiatives. Improving business sustainability Optimizing your cash conversion cycle can improve the sustainability of your business. It ensures that you have the capital to meet your financial obligations and invest in growth. Lower investment for same profit! By optimizing your cash conversion cycle, you can achieve the same level of profit with lower investment. E. Lower or no debt for same profit You can achieve the same level of profit with lower or no debt by optimizing your cash conversion cycle. F. More sellable business! By optimizing your cash conversion cycle, you'll have a more sellable business. Investors and buyers value businesses that have a strong cash conversion cycle. What We Want Quicker inventory turnover To improve your cash conversion cycle, you want to achieve quicker inventory turnover. You should aim to keep your inventory moving as quickly as possible. Faster accounts receivable collection You should aim to collect accounts receivable as quickly as possible to improve your cash conversion cycle. Efficient accounts payable management Efficient accounts payable management is critical to optimizing your cash conversion cycle. You should aim to pay your suppliers as slowly as possible without hurting your relationships with them. Classic Mistakes to Avoid Overstocking inventory Overstocking inventory can tie up your capital and hurt your cash conversion cycle. You should aim to keep your inventory levels as lean as possible. Poorly negotiating payment terms with suppliers Poorly negotiating payment terms with suppliers can hurt your cash conversion cycle. You should aim to negotiate payment terms that are favorable to your business. Having no cash flow projections Having no cash flow projections can hurt your cash conversion cycle. You should aim to create cash flow projections to help you plan and manage your business. Ignoring them! Ignoring your cash conversion cycle can hurt your business. You should aim to monitor and improve your cash conversion cycle regularly. Main Body: 5-10 Talking Points Accurate demand forecasting Accurate demand forecasting can help you optimize your inventory levels and improve your cash conversion cycle. Smart inventory management techniques Smart inventory management techniques, such as just-in-time inventory management, can help you keep your inventory levels lean and improve your cash Get a free Amazon profit audit Get a free audit from me, Michael Veazey,

On today's episode, Kunle is joined by Peter Beckman, Co-Founder & CEO of Treyd, a Fintech startup that provides supplier financing to small and fast-growing companies that trade internationally. The company's solution enables UK and Nordic-based businesses to pay their suppliers in advance, which solves a major problem faced by many businesses that sell products but struggle to purchase enough inventory due to cash flow constraints. Peter explains that the idea for Treyd came from his own experience as an entrepreneur and his co-founder's background in Fintech and crypto. The company was incubated in an accelerator program and took around four months to go to market. The interview also covers Treyd's expansion plans, its target market, and how it differentiates itself from other Fintech startups in the same space. Peter also discusses the interest rates charged by Treyd and how they vary depending on the individual customer's needs and financial standing.  And also cover Treyd's supplier vetting process, which includes KYC and background checks on every supplier, as well as a quality inspection option for new suppliers.  Finally, they emphasize the importance of optimizing cash conversion cycles for eCommerce brands, as it determines how fast they can grow. In terms of industry trends, the CEO notes that the global supply chain is starting to improve after a challenging period, and having multiple channels (D2C and wholesale) is proving to be beneficial for many eCommerce brands.----------- SPONSORS: This episode is brought to you by: Klaviyo This episode is brought to you by Klaviyo – a growth marketing platform that powers over 25,000 online businesses. Direct-to-Consumer brands like ColourPop, Huckberry, and Custom Ink rely on Klaviyo. Klaviyo helps you own customer experience and grow high-value customer relationships right from a shopper's first impression through to each subsequent purchase, Klaviyo understands every single customer interaction and empowers brands to create more personalized marketing moments. Find out more on klaviyo.com/2x. Recharge This episode is brought to you by Recharge, the leading subscriptions payment solution for Shopify merchants. Recharge helps eCommerce merchants of all sizes launch and scale subscription offerings. Recharge powers the growth of over 15,000 subscription merchants and their communities—turning one-time transactions into long-term customer relationships. Turn transactions into relationships and experience seamless subscription commerce with Recharge. Find out more on rechargepayments.com/2x.

Antoine Martel explains the amount of time that it generally takes house flippers to see profit from their projects. He and Esteban Andrade talk about how house flipping is not a quick way to make money but a strategy to make money in the long term. They discuss Antoine's criteria to work with someone. Listen to the full episode: 'Automate and Delegate Your Flips, Virtually Canadian Flipper with Antoine Martel.' https://open.spotify.com/episode/3dEgQ2bIKbepa2LYYybGgk?si=d94d7e26dfcd47be --- Send in a voice message: https://anchor.fm/estebanandrade/message

In this third episode in our series covering the 2022 Analyst Report, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key points and implications of the current treasury technology landscape. This week, we are focusing on supply chain finance and cash conversion cycle solutions. Download our Treasury Technology Analyst Report    

In this episode of the Treasury Update Podcast, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss the key findings and implications of recent survey data by Strategic Treasurer. They discuss the new advancements of APIs. Are they improving fast enough to keep up with market demands? They touch on the thought process involved in a Treasurer deciding on a payment hub, and the challenges treasury departments face in managing their cash conversion cycle. Interested in hearing more? Sign up for the upcoming webinar and download the report. Register for Analyst Report Series webinar on January 12, 2023, Treasury Management Systems & Enterprise Liquidity Management. Download our Treasury Technology Analyst Report

Being a real estate investor means working for yourself. But, ironically, it also often leads to the inability to pay yourself. This is a symptom of improper financial management—a predicament that a system like Profit First can solve.For our guest today, Profit First is precisely what he needed to refocus his finances into what is necessary, kickstarting massive growth!We've got Nathan Payne joining us in this episode. He is a real estate investor, sales expert, and the owner of Offer On Homes. Listen in as he talks about his work, his struggles, and his success with the help of Profit First. Key Takeaways:[00:45] Introducing Nathan Payne[02:07] Nathan on Real Estate and How He Started[03:53] Nathans Money Struggles in Wholesaling[06:03] How Inaction Can Lead You to Living Deal to Deal[07:06] The Cash Conversion Cycle[07:31] Nathan's Struggle to Pay Himself and Discovering Profit First [10:36] Nathan on How His Lack of Financial Knowledge Early on Held Him Back[12:18] Nathan's Advice to Pass On: Consistent Action and No Excuses [14:11] Nathan's Current Projects[15:16] On Hiring the Wrong and Right People[20:08] The Benefit of Networking for Your Real Estate CareerQuotes:[08:02] “My business partner and I were running this company [and] luckily our wives work. So we were able to live off of what they made…I think that might have been a handcuff to be like, ‘Hey, if we're not paying ourselves, it's okay.' So it was a double-edged sword. .”[15:48] “I can't do everything—I wish I could. But hiring solid team members has been the best thing in my life where I can just be like, ‘Hey, I need you to do this.' And they do it better than I can. And it's like the best feeling ever.”[18:06] “That's the advice that I would have for people…education is great, but you need to take action, and then you're gonna find out what you don't know real quick.”Connect with Nathan: Website: investordrive.comInstagram: https://www.instagram.com/nathanpayneofficialYoutube: https://www.youtube.com/@NathanPayneInvestorThriveTVTired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Wie haben es eCommerce Brands wie Gymshark geschafft aus dem eigenen Kapital zu Multi-Millionen Brands zu wachsen? Das Geheimnis liegt dieses mal nicht nur im Marketing - sondern in einem negativen Cash-Conversion-Cycle. Was das bedeutet und wie du diesen erreichst, erfährst du im heutigen Video. Viel Spaß!

In order to get a critical knowledge of a company's efficiency with respect to its operations, i.e. inventory, debtors, creditors, assets, the company's efficiency ratios need to be studied carefully. Efficiency ratios, also known as the turnover ratios or activity ratios or the performance ratios, tell us about how efficiently the company is churning its assets and generating cash from its sales. To read more visit : https://www.elearnmarkets.com/blog/understanding-concept-turnover-ratios/

This recent acquisition of Cashforce is good news for investors and for the products offered by TIS. Paul and Craig of Strategic Treasurer discuss some of their thoughts on this change. Download our recent eBook on Payment Security & Fraud Prevention - The Principles of SECURE CLAMPS.

What is the cash conversion cycle? Coffee Break Session Host Alexa Cook catches up with Strategic Treasurer's Managing Partner, Craig Jeffery, to discuss the cash conversion cycle. They discuss what the cash conversion cycle is and how it can be leveraged. Listen in and learn a little bit about the cash conversion cycle.

Full Investment Analysis Of GameStop - Live Training Part 2 What you will learn in this podcast: -My full analysis of Gamestop. -Why its in rough shape. -Why you need to avoid investing in it. -How I 100% knew it was going to crash after the trading frenzy on it. -Tips on how to spot manias like this. - And more. Finally Learn How To Find And Evaluate Great Stocks Better Than The Pros - In Only Weeks through our Value Investing Master class, click the link here - https://bit.ly/3r6eBfG Resources are as follows: Net Income Why The P/E Is Useless And How To Calculate EV - https://www.valueinvestingjourney.com/throwback-thursday-why-the-p-e-is-useless/ Do You Have Proof That Cash Flow Is Better Than Earnings? - https://www.valueinvestingjourney.com/updated-do-you-have-proof-that-cash-flow-is-better-than-earnings/ Why I Never Use Net Income - https://www.valueinvestingjourney.com/why-i-never-use-net-income/ More Proof Net Income Is Useless - https://www.valueinvestingjourney.com/value-investing-in-your-car-episode-84-more-proof-net-income-is-useless/ Enterprise Value Free Enterprise Value Training Video For Masterclass Student - https://www.valueinvestingjourney.com/free-training-friday-8-a-free-enterprise-value-training-video-for-a-masterclass-student/ Book Value Which Of These Companies Look Best Right Now? - https://www.valueinvestingjourney.com/case-study-which-of-these-companies-look-best-right-now/ When Rising Book Value Is Bad - https://www.valueinvestingjourney.com/when-rising-book-value-is-bad/ Cash Conversion Cycle If I Could Only Rely On 3 Investing Metrics - CCC - https://www.valueinvestingjourney.com/value-investing-in-your-car-episode-26/ Analyzing The Louis Vuitton Buyout Of Tiffany Part 3 - Cash Conversion Cycle - https://www.valueinvestingjourney.com/analyzing-the-louis-vuitton-buyout-of-tiffany-part-3-cash-conversion-cycle/ You may subscribe to my YouTube channel on this link - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 - so you're notified every time we release a new video. Learn The Top 7 Tips I've Developed Over The Last 12+ Years That Will Help You Find Great Stocks Faster by clicking the link below.. https://valueinvestingjourney.clickfunnels.com/optin-26253949 Download A Free Copy of My Acclaimed Value Investing Education Book How To Value Invest By clicking the link below… https://mastermind.valueinvestingjourney.com/vijfreebook39461373 Five Free Gifts - https://riveraholdings.activehosted.com/f/1 Here are three of our most popular playlists with viewers… • Basic Value Investing, Finance, And Investing Education Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1c5QRIMjccoVBOuGkeKzKCY • Value Investing Case Study Videos Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1edLBLeG2-ESJkgc_q589aR • Value Investing In Your Car Episodes - https://www.youtube.com/playlist?list=PLfmorMVSKq1djyTsL0LSmPbGr9385MANE To listen to our podcasts, use the following links… •Value Investing In Your Car - https://anchor.fm/jason-rivera • I Love Value Investing - https://anchor.fm/jason-rivera2/ Also, make sure to check out our website – valueinvestingjourney.com – which has twice been named a Top 50 Value Investing Blog In The World. What'd you think of the topic above? Do you have any tips of your own you think I missed? Let me know in the comments below. #investing #business #finance --- Support this podcast: https://anchor.fm/jason-rivera/support

Michael Martocci is the Founder & CEO at SwagUp, the leading provider of swag packs to startups, corporations, investment firms, and universities. For as long as Michael can remember he's been infatuated with entrepreneurship, having started numerous businesses (including one with former NFL punter Steve Weatherford) before ultimately launching SwagUp in 2017. In just four years since its founding, SwagUp has grown into an organization consisting of over 150 employees and eight-figures in revenue, all without raising any outside equity capital. In this interview, Michael shares his key insights and lessons learned -- on topics ranging from Cash Conversion Cycle to shifting founder responsibilities over time -- that can be implemented in your own business. --- Reformers host Andrew Oved is the Founder & General Partner at Reformation Partners, a pioneer in early growth equity. The firm invests in the best capital efficient enterprise and consumer companies at their point of breakout and supports their growth through profitability, future financing rounds, and / or exit.

In this final segment of Strategic Treasurer’s Fintech Analyst Report Series, Special Host Meredith Zonsius joins Managing Partner Craig Jeffery to discuss key takeaways from the Supply Chain Finance & Cash Conversion Cycle Solutions report. Topics of discussion center around factors that affect and drive supply chain finance, today’s challenges and solutions, leading practices and more. Listen in to the conversation and enjoy the entire series.

Michael Martocci is the CEO and founder of SwagUp, an incredibly fast growing company that is just 3 years old and is 8-figures bootstrapped. Today we will discuss how to transition from founder to CEO and how to build a tech company when you are not technical. We will also touch on how to bootstrap and effectively manage your cash when you are growing, and how to make great decisions that help you grow a company to scale quickly. All this and much more, up next. Bullet points 00:50 - Intro 03:21 - The start as an entrepreneur 06:20 - Meeting Richard Branson and dropping out from school 09:34 - The sport business with NFL 11:53 - SwagUp 14:25 - Why clients need Swag 19:20 - Growing quickly 23:32 - Understanding the Cash Conversion Cycle 26:43 - Where to learn more about the CCC 28:26 - Acquiring customers 31:50 - Transitioning from founder to CEO 37:40 - Signs you need to hire, and how to do it 43:39 - Where to find out more 44:35 - Rapid fire question round 45:15 - If you ever had to start again, how would you make your money? 47:49 - What is the most common or biggest mistake that you see leaders making? 49:41 - Who is the best leader ever (alive or dead) and why? 51:17 - How do you hire top talent? 54:10 - How do you evaluate a good business deal? 56:18 - How do you identify a good business partner? 59:22 - What is one of your proudest moments? 01:02:14 - What is one interesting fact about you that not many people would know? 01:03:45 - What daily routines do you have (morning or evening) that have helped make you successful? 01:05:35 - What book (or books) changed your mindset or life? 01:10:55 - What is the most exciting question you spend your time thinking about? 01:12:45 - What advice would you give your younger self? 01:14:30 - What was your biggest challenge starting in business and how did you overcome it? 01:19:11 - What unusual or underrated food or drink should more people try out? 01:20:43 - What makes you happiest? 01:23:09 - Any asks or requests for the audience?

Full Investment Analysis Of GameStop - Live Training Part 2 What you will learn in this video: -My full analysis of Gamestop. -Why its in rough shape. -Why you need to avoid investing in it. -How I 100% knew it was going to crash after the trading frenzy on it. -Tips on how to spot manias like this. - And more. Resources are as follows: Net Income Why The P/E Is Useless And How To Calculate EV - https://www.valueinvestingjourney.com/throwback-thursday-why-the-p-e-is-useless/ Do You Have Proof That Cash Flow Is Better Than Earnings? - https://www.valueinvestingjourney.com/updated-do-you-have-proof-that-cash-flow-is-better-than-earnings/ Why I Never Use Net Income - https://www.valueinvestingjourney.com/why-i-never-use-net-income/ More Proof Net Income Is Useless - https://www.valueinvestingjourney.com/value-investing-in-your-car-episode-84-more-proof-net-income-is-useless/ Enterprise Value Free Enterprise Value Training Video For Masterclass Student - https://www.valueinvestingjourney.com/free-training-friday-8-a-free-enterprise-value-training-video-for-a-masterclass-student/ Book Value Which Of These Companies Look Best Right Now? - https://www.valueinvestingjourney.com/case-study-which-of-these-companies-look-best-right-now/ When Rising Book Value Is Bad - https://www.valueinvestingjourney.com/when-rising-book-value-is-bad/ Cash Conversion Cycle If I Could Only Rely On 3 Investing Metrics - CCC - https://www.valueinvestingjourney.com/value-investing-in-your-car-episode-26/ Analyzing The Louis Vuitton Buyout Of Tiffany Part 3 - Cash Conversion Cycle - https://www.valueinvestingjourney.com/analyzing-the-louis-vuitton-buyout-of-tiffany-part-3-cash-conversion-cycle/ If you liked the video above, you can subscribe to our YouTube channel by clicking here - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 - so you're notified every time we release a new video. Learn The Top 7 Tips I've Developed Over The Last 12+ Years That Will Help You Find Great Stocks Faster by clicking the link below.. https://valueinvestingjourney.clickfunnels.com/optin-26253949 Download A Free Copy of My Acclaimed Value Investing Education Book How To Value Invest By clicking the link below… https://mastermind.valueinvestingjourney.com/vijfreebook39461373 Masterclass - https://www.valueinvestingjourney.com/value-investing-masterclass-lifetime-access/ Five Free Gifts - https://riveraholdings.activehosted.com/f/1 If you liked the video above, you can subscribe to our YouTube channel by clicking here - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 - so you're notified every time we release a new video. Here are three of our most popular playlists with viewers… • Basic Value Investing, Finance, And Investing Education Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1c5QRIMjccoVBOuGkeKzKCY • Value Investing Case Study Videos Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1edLBLeG2-ESJkgc_q589aR • Value Investing In Your Car Episodes - https://www.youtube.com/playlist?list=PLfmorMVSKq1djyTsL0LSmPbGr9385MANE To listen to our podcasts, use the following links… • Value Investing In Your Car - https://anchor.fm/jason-rivera • I Love Value Investing - https://anchor.fm/jason-rivera2/ Also, make sure to check out our website – valueinvestingjourney.com – which has twice been named a Top 50 Value Investing Blog In The World. What’d you think of the topic above? Do you have any tips of your own you think I missed? Let me know in the comments below. #investing #business #finance --- Support this podcast: https://anchor.fm/jason-rivera/support

Full Investment Analysis Of GameStop - Live Training Part 1 What you will learn in this video: -My full analysis of Gamestop. -Why its in rough shape. -Why you need to avoid investing in it. -How I 100% knew it was going to crash after the trading frenzy on it. -Tips on how to spot manias like this. - And more. Resources are as follows: Net Income Why The P/E Is Useless And How To Calculate EV - https://www.valueinvestingjourney.com/throwback-thursday-why-the-p-e-is-useless/ Do You Have Proof That Cash Flow Is Better Than Earnings? - https://www.valueinvestingjourney.com/updated-do-you-have-proof-that-cash-flow-is-better-than-earnings/ Why I Never Use Net Income - https://www.valueinvestingjourney.com/why-i-never-use-net-income/ More Proof Net Income Is Useless - https://www.valueinvestingjourney.com/value-investing-in-your-car-episode-84-more-proof-net-income-is-useless/ Enterprise Value Free Enterprise Value Training Video For Masterclass Student - https://www.valueinvestingjourney.com/free-training-friday-8-a-free-enterprise-value-training-video-for-a-masterclass-student/ Book Value Which Of These Companies Look Best Right Now? - https://www.valueinvestingjourney.com/case-study-which-of-these-companies-look-best-right-now/ When Rising Book Value Is Bad - https://www.valueinvestingjourney.com/when-rising-book-value-is-bad/ Cash Conversion Cycle If I Could Only Rely On 3 Investing Metrics - CCC - https://www.valueinvestingjourney.com/value-investing-in-your-car-episode-26/ Analyzing The Louis Vuitton Buyout Of Tiffany Part 3 - Cash Conversion Cycle - https://www.valueinvestingjourney.com/analyzing-the-louis-vuitton-buyout-of-tiffany-part-3-cash-conversion-cycle/ If you liked the video above, you can subscribe to our YouTube channel by clicking here - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 - so you're notified every time we release a new video. Learn The Top 7 Tips I've Developed Over The Last 12+ Years That Will Help You Find Great Stocks Faster by clicking the link below.. https://valueinvestingjourney.clickfunnels.com/optin-26253949 Download A Free Copy of My Acclaimed Value Investing Education Book How To Value Invest By clicking the link below… https://mastermind.valueinvestingjourney.com/vijfreebook39461373 Masterclass - https://www.valueinvestingjourney.com/value-investing-masterclass-lifetime-access/ Five Free Gifts - https://riveraholdings.activehosted.com/f/1 If you liked the video above, you can subscribe to our YouTube channel by clicking here - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 - so you're notified every time we release a new video. Here are three of our most popular playlists with viewers… • Basic Value Investing, Finance, And Investing Education Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1c5QRIMjccoVBOuGkeKzKCY --- Support this podcast: https://anchor.fm/jason-rivera/support

www.focusedcompounding.com/App QuickFS Link: https://quickfs.net/?via=focused Twitter: @Focusedcompound Email: info@focusedcompounding.com Focused Compounding is an exclusive, members-only site for buy and hold value investors. Inside, you will find research writeups written by hedge fund manager, Geoff Gannon. Experience all this in the company of investors who follow the principles of Buffett, Munger, and Fisher instead of the whims of the crowd

In this episode of ScaleUp Radio, we have another recent online session, dealing with forecasting your cashflow and budgets. Obviously, now more than ever, the amount of money in a business is a major concern for so many business owners, and it’s something that we’ve touched on in previous episodes. If you haven’t heard the episode looking at the Cash Conversion Cycle that is well worth going back and listening to. Here, though, it’s all about forecasting your cashflow and budgeting - being able to not guess at, but know the money that will be moving through your business at any one time. The session that you are about to hear is split into two parts. In the first part, we have the overview of the cashflow forecast, talking about: - The consequences of not monitoring the cashflow of your business  - Why every business owner should be ready to ask themselves, and their workforce, some difficult questions if the forecast doesn’t match what has gone before  - Some of the mistakes that people make with  their cashflow forecast There is also a couple of presentations about how the cashflow and budget forecasts work in their business, from:  Dave Perrigo fm Perrigo Consultants  David Lynes from UniqueIQ Then, in the second half of the episode, we’ll hear from a panel of business owners talking about the cashflow forecasting and budgeting that they do, and how their approaches and attitudes differ from one another. It really is a fascinating, and helpful, discussion. The are so many business owners of all sizes are concerned about the future, and how they are going to get back on track when the global pandemic is over. Well, along with so many of the other recent episodes of ScaleUp Radio, this is another one that could really help you over the coming weeks and months. Dave Perrigo can be found here: www.perrigoconsultants.co.uk David Lynes can be found here: david@uniqueiq.co.uk Xero: https://www.xero.com/uk/ Sage: https://www.sage.com/en-gb/new-tomorrows-home/ Fluidly: https://fluidly.com GoCardless: https://gocardless.com Chaser: https://www.chaserhq.com Scaling up your business isn't easy, and can be a little daunting. Let ScaleUp Radio make it a little easier for you. With guests who have been where you are now, and can offer their thoughts and advice on several aspects of business. ScaleUp Radio is the business podcast you've been waiting for. You can get in touch with Kevin here: kevin@biz-smart.co.uk

Welcome to this episode of ScaleUp Radio. This week, we’re talking about something called the Cash Conversion Cycle, and looking at cash acceleration strategies. Kevin Brent is joined by 4 great business owners for this special episode: David Lincoln-Lewis from Industrial Switchgear Clare Vale from Sign Solutions David Lines from Unique IQ Nigel Busby from InControl Marketing Cash is one of the key pillars when it comes to scaling up your money. Businesses are constantly monitoring the cash, and ways to increase it. As the saying goes “Turnover is vanity, profit is sanity - but cash is reality” So - with the Cash Conversion Cycle, which refers to the number of days that cash is ‘caught up’ in your business, we wanted to delve a little deeper. The panel will discuss the cycle - and the four cycles within the Cash Conversion Cycle. They are:  - The Sales Cycle  - A Produce Cycle  - Delivery Cycle  - Billing & Payment Cycle  Every business’ cycle might look a little different, but we all have these four. So - how do we go about shortening that cycle - to go from the sale to the payment? Kevin and the panel use a particular tool, that they will go into more detail about in the episode, that will help either speed the process up, cut down on errors or change the system entirely for your company. There is so much for you and your business in this episode. Enjoy. Clare Vale can be found here: www.signsolutions.uk.com David Lines can be found here: www.uniqueiq.co.uk David Lincoln-Lewis can be found here: www.industrialswitchgear.co.uk Nigel Busby can be found here: www.incontrolmarketing.co.uk Scaling up your business isn't easy, and can be a little daunting. Let ScaleUp Radio make it a little easier for you. With guests who have been where you are now, and can offer their thoughts and advice on several aspects of business. ScaleUp Radio is the business podcast you've been waiting for. You can get in touch with Kevin here: kevin@biz-smart.co.uk

Neben der Optimierung der EBIT-Marge ist das Working Capital Management das zweite große operative Controllingthema in den meisten Unternehmen. Es geht darum, auf der linken Seite der Bilanz die Vorräte und die Forderungen möglichst gering zu halten, auf der rechten Bilanzseite aber die Rückzahlung von Lieferantenverbindlichhkeiten möglichst hinaus zu zögern. Diese Maßnahmen wirken sich kurzfristig positiv auf den operativen Cashflow und steigern langfristig die Unternehmensrendite, den Return on Investment ROI. Die Optimierung (Minimierung) des Working Capital wird erreicht durch einen möglichst kurzen Cash Conversion Cycle. Beide Themenbereiche erläutere ich ausführlich im Podcast und stelle dar, wie operative Führungskräfte mit dem Thema in Berührung kommen. Liebe Zuhörer, bitte senden sie mir gerne Ihr Feedback zum Podcast an info@bert-erlen.de. Auch freue ich mich über thematische Anregungen für künftige Folgen. Vielen Dank! --- Send in a voice message: https://anchor.fm/berterlen/message

The Cash Conversion Cycle speaks to the give and take of cash in your business. I think of it like the tide moving back and forth on a beach. It's different in different seasons. If you can understand your business' CCC, you can then start to pull the levers on it and shorten it if need be. This means you can move cash out of your business and back into it faster.——————————Sealevel InsightsJosh Rosenthal, founderDSB Podcast - dsb.today/podcastDSB Videos - dsb.today/youtubeSealevelinsights.comBurn rate This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joshrosenthal.substack.com

Analyzing The Louis Vuitton Buyout Of Tiffany Part 3 - Cash Conversion Cycle If you’re learning about value investing, Value Investing Journey is dedicated to developing your knowledge, skills, and confidence as a value investor. If you enjoyed the value investing training video above, make sure to give it a thumbs up and subscribe to the Value Investing Journey YouTube page. You can use the link below. https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 If you subscribe above, you’ll get all new videos as they release. To watch our most recent videos go here - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w/videos?view_as=subscriber Here are three of our most popular playlists with viewers… • Basic Value Investing, Finance, And Investing Education Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1c5QRIMjccoVBOuGkeKzKCY • Value Investing Case Study Videos Playlist go here - https://www.youtube.com/playlist?list=PLfmorMVSKq1edLBLeG2-ESJkgc_q589aR • Value Investing In Your Car Episodes - https://www.youtube.com/playlist?list=PLfmorMVSKq1djyTsL0LSmPbGr9385MANE To listen to our podcasts, use the following links… • Value Investing In Your Car - https://anchor.fm/jason-rivera • I Love Value Investing - https://anchor.fm/jason-rivera2/ Also, make sure to check out our website – valueinvestingjourney.com – which has twice been named a Top 50 Value Investing Blog In The World. If you want more great info now make sure to go here to sign up to our mailing list and get my first book How To Value Invest for free - https://valueinvestingjourney.clickfunnels.com/vijfreebook02Lwcdw2 What’d you think of the topic above? Do you have any tips of your own you think I missed? Let me know in the comments below. --- Support this podcast: https://anchor.fm/jason-rivera/support

In this week's post, I discuss three papers. The first examines a new factor, the Cash Conversion Cycle–while most are discounting factors in the new “Factor Zoo” world, this is definitely an interesting factor to examine. Second, I briefly summarize Larry Swedroe's paper on Risk versus Uncertainty, and how one can build alternative portfolios to deal with the fact that we make investment decisions in an uncertain world. Last, I examine a post by Tommi, summarizing a paper showing that even institutional investors appear to get distracted. A Remarkable New Factor: The Cash Conversion Cycle https://alphaarchitect.com/2019/04/09/a-remarkable-new-factor-the-cash-conversion-cycle/ Additional Link to 1999 CS report. https://studies2.hec.fr/jahia/webdav/site/hec/shared/sites/jeanjean/acces_eleves/finance%20a%20cour%20terme/synth%C3%A8se.pdf Investment Strategy in an Uncertain World https://alphaarchitect.com/2019/04/11/investment-strategy-in-an-uncertain-world/ Distracted Institutional Investors https://alphaarchitect.com/2019/04/08/distracted-institutional-investors/

In this week’s post, I discuss three papers. The first examines a new factor, the Cash Conversion Cycle–while most are discounting factors in the new “Factor Zoo” world, this is definitely an interesting factor to examine. Second, I briefly summarize Larry Swedroe’s paper on Risk versus Uncertainty, and how one can build alternative portfolios to deal with the fact that we make investment decisions in an uncertain world. Last, I examine a post by Tommi, summarizing a paper showing that even institutional investors appear to get distracted. A Remarkable New Factor: The Cash Conversion Cycle https://alphaarchitect.com/2019/04/09/a-remarkable-new-factor-the-cash-conversion-cycle/ Additional Link to 1999 CS report. https://studies2.hec.fr/jahia/webdav/site/hec/shared/sites/jeanjean/acces_eleves/finance%20a%20cour%20terme/synth%C3%A8se.pdf Investment Strategy in an Uncertain World https://alphaarchitect.com/2019/04/11/investment-strategy-in-an-uncertain-world/ Distracted Institutional Investors https://alphaarchitect.com/2019/04/08/distracted-institutional-investors/

On this episode of the podcast, Craig Jeffery speaks with Ernie Humphrey, CEO of Treasury Webinars on the topic of Owning the Cash Conversion Cycle.  With a focus on both relationships and technology, they explore how treasury, accounts payable and accounts receivable can best partner to optimize the cash convergence cycle and align KPI’s to support the overall success of organizations.  Listen in to the discussion to find out more.

In this episode of Value Investing In Your Car I tell you about the Cash Conversion Cycle and why its the third and final investing metric I would use if I could only use 3 metrics to evaluate an investment. - If I Could Only Rely On 3 Investing Metrics What Would They Be. In the first video in this series we talked about FCF/Sales - https://youtu.be/I0zLClzcnzc And in the in the second video I told you why ROIC would be one of these metrics as well - https://youtu.be/DRYUBtUuhP8 If you want to see what I called the 4 most useless investing metrics check out the playlist linked below. - Why P/E Is Useless - https://youtu.be/9szZ4yjvD3s - Why Beta Is Useless - https://youtu.be/IaobwqZXZko - Why Goodwill Is Useless - https://youtu.be/Gcoajy-EHsA - Why Synergy Is Useless - https://youtu.be/5exv1ifUChE In this larger Value Investing In Your Car series we talk about Mental models, worldly wisdom, and the other following things... - Answer does value investing work all over the wor --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/jason-rivera/support

In the first of two conversations with Hackett’s Veronica Wills, we’ll take a closer look at their 2017 Working Capital Survey with a focus on the role of Days Payable Outstanding in the overall improvement of the Cash Conversion Cycle. We’ll also begin a discussion of how to gauge an organization’s AP maturity as a means to guide future improvement planning.

Management consulting working capital specialists, The Hackett Group, join us to explain the results of their annual working capital survey which highlights a $1T working capital opportunity left on the table and an ignored proven opportunity to increase profits by as much as 20% by North American corporations.  Join Veronica Wills of The Hackett Group and Derrick Steiner of SAP Ariba as they discuss all things working capital, cash flow, and the cash conversion cycle and how it’s relevant to procurement, supply chain, and finance professionals.

前回は、ＬＩＸＩＬという会社を例にとって、Ｍ＆Ａという積極的な企業戦略と、伝統的な資金捻出方法であるキャッシュ・コンバージョン・サイクル（Cash Conversion Cycle）の短期化を組み合わせた資金調達についてお話しました。今回は、最近の資本市場における新しい資金調達と運用の組み合わせであるリキャップＣＢについてお話します。リキャップＣＢのＣＢとは、転換社債のことです。正式には、現在では新株予約権付社債の一種とされています。そのＣＢ発行と、自社株買いの組み合わせのことを、リキャップＣＢといいます。 ＣＢについて、より詳しく見ていきましょう。ＣＢは、株式に転換する権利がついた社債のことで、英語でコンバーティル・ボンド（Convertible Bond）と言います。利息収入の確実性と株式の値上がりによる収益性という二つを兼ね備えた金融商品です。株が値上がりして転換価格に達した場合には、ＣＢの購入者は一定期間内に請求を行えば株式に転換することができ、株式の配当金や売却益が期待できますただ、一旦転換権を行使すると、再び元の社債に戻すことはできません。一方、転換価格になるまで社債として持つことによって、利子を受け取ることができます。また、株価が転換価格に到達せず、償還期限まで保有した場合には、元本の払い戻しを受けることができます。こうした社債としての価値が保証されているために、結果として株価も一定水準より値下がりすることはありません。つまり、購入者にとって転換社債は、社債としての確実性と株式としての収益性の双方を期待できる債権ということができまです。 逆に、発行企業にとってみれば、これは低コストな資金調達手段となります。利率を普通の社債よりも低く発行できるからです。また、株式に転換されれば、元本の返済の必要がなくなります。その代わりに配当負担は増加することとなります。 続いて、自社株買いについて説明します。これは文字通り、企業が自社の株式を購入することですが、配当を行う代わりに、市場等で自社株を購入することで、一株当たりの企業価値を増加させ、株主に対して還元を行うものです。日本では以前は禁止されていましたが、2000年前後の規制緩和で可能になりました。株主の立場から見ると、配当金の受け取りには税金がかかりますが、株価の上昇によるキャピタル・ゲインの場合、税金はその株を売るまでかからない上に、従来アメリカでは税率が低いという税制面のメリットがありました。そのため、特にアメリカでは株主から好まれ、多くの企業が実施しています。通常こうした自社株買いは、留保利益を用いて行われますが、昨年、アップルは巨額の社債を発行して得た資金で配当や自社株買いを実施しました。 つまり、リキャップＣＢとは、自社株買いのための資金をＣＢで調達することを指します。ＣＢ発行で負債を増やす一方で、自社株買いで資本を減らします。こうすることで、リキャピタライゼーション、つまり企業の資金調達において資本と負債の構成を変えることができます。本年度に入って、カシオ計算機やヤマダ電機、東レ、日本ハムが、相次いでリキャップＣＤを実施しています。その背景には、株主還元と資金調達をセットで行うことになるため、企業は手元資金を減らすことなく株主還元ができるとともに、株主資本に対する利益率（ＲＯＥ）を上げることができます。株主資本が増加すると、それに伴って利益も増加しない限り、ＲＯＥは低くなります。日本企業はかねてよりこのＲＯＥの低さを指摘されており、その引き上げを課題としてきました。リキャップＣＢは、利益の増加なしにこれを達成しようという、言わば一つの抜け道といえます。そのため、リキャップＣＢへ批判的な見方もあります。そもそもＲＯＥは、企業が抱える資産を有効に活用し、収入を増やすことで上昇させるべきものです。そのため、株主資本を減らすという小手先の手段でＲＯＥの上昇を実現するリキャップＣＢは、まやかしであると言われます。 確かにＲＯＥの改善は、本来はその資産サイドで収益力を強化する形で実現されることが望ましいとされます。ただ、日本企業の自己消費率の向上や無借金経営化が株主を軽視するものであるとして批判されてきたことを考えると、リキャップＣＢの発行が広まってきたのは、日本企業が株主の目線に気を配り始めてきたことを示しているものとして、まずは積極的に評価してもよいのではないかと考えます。 今日の話をまとめます。 昨今、日本企業が株主重視の姿勢に転換しつつあります。資本市場の中でもそれを反映した新しい動きの一例として、リキャップＣＢの発行をするところが増えてきていることを紹介いたしました。

今回と次回の二回にわたり、企業の資金調達についてお話します。一口に資金調達と言っても、借り入れや株式の発行など、様々な方法があります。最近では、投資戦略や資本還元戦略の組み合わせによる新しい資金調達が見られるようになりました。 たとえばＬＩＸＩＬという会社は、キャッシュ・コンバージョン・サイクル（Cash Conversion Cycle）の短期化によって、内部から資金を捻出しています。ＬＩＸＩＬは、ＴＯＳＴＥＭというサッシメーカーとＩＮＡＸという衛生陶器を作っているメーカーなどが合併してできた会社で、総合生活企業と称しています。三年前に、元商社マンで、アメリカのＧＥ本社で上級副社長も務めていた藤森さんという方が社長に就任して以来、欧米などで積極的なＭ＆Ａを行い、急速に業績を拡大しています。ＬＩＸＩＬの2013年度の売り上げは1兆6,000億円程度でしたが、2016年度にはそれを2兆1,000億円に拡大しようとしています。すなわち、３年間で30-％強拡大するという、積極的な中期計画を公表しているのです。その中で、キャッシュ・コンバージョン・サイクルの短期化によって、2014年度中に400億円、2015年度までの合計で1,000億円のフリーキャッシュフローを創出する予定です。 キャッシュ・コンバーション・サイクルとは、出したお金が戻ってくるまでのサイクルのことを言います。具体的に言えば、現金を払って調達した原材料が、原材料在庫、仕掛品在庫、製品在庫という形を経て後に販売され、売掛金が立ち、その売掛金が回収されて現金となって帰ってくるまでの期間のことです。つまり、「企業が日常の事業を行っていく上で現金を負担する期間」と理解していただければ結構です。この間に企業が負担している現金のことを、運転資本と言います。運転資本を節減して資金を捻出する手法は、最近の企業に特別なものというわけではなく、減量経営あるいはコスト削減策の基本中の基本です。しかし、ＬＩＸＩＬのように巨額のＭ＆Ａを派手に行っている会社が、先端的な金融商品を用いた資金調達を用いるのではなく、こうした伝統的な資金繰り手法を中期計画の中で正面に据えている点に面白みを感じます。 この背景には、以下のような事情があります。ＬＩＸＩＬは、特に2010年以降、内外の多くの企業との合併や買収により業容を拡大してきました。その際に、生産管理のシステムなどについては、それぞれの方式を残したままであり、統合を行ってきませんでした。すなわち、一つの統合企業としての運転資本管理、特に仕掛品などの在庫管理が、今まで統一的に行われていなかったのです。したがって、合理化の余地が大きく残されていたということがあります。ＬＩＸＩＬは、上述の形で急速な統合を行ってきたからこそ、大きな資金を捻出できる面もあります。こうした点は、再編に慎重だったこれまでの日本企業にはあまり見られなかったものです。 キャッシュ・コンバーション・サイクルの短期化の利点は、新たな借り入れと異なり、直接のコストがかからないことです。したがって、仮にうまくいかなくとも、膨張した債務が経営を圧迫するといった心配はありません。もちろん、このようにして捻出した資金であっても、どんな投資に用いてもいいわけではありません。また、キャッシュ・コンバーション・サイクルを短期化する際には、お客さんのニーズに応えられない可能性もでてきます。例えば、仕掛品在庫の削減を過剰に進めると、作業待ち時間の増加に繋がりかねません。したがって、無制限にこれを行うわけにはいかないのです。 いずれにせよ、日本企業のＭ＆Ａが非常に活発になってきている昨今において、ＬＩＸＩＬが行ったような、Ｍ＆Ａという新しい戦略的な取り組みと伝統的な資金捻出手法の組み合わせは、今後も増えてくるのではないでしょうか。 今日の話をまとめます。 伝統的な資金調達手段も、目的と使い道の組み合わせ如何によっては、非常に新しい武器となり得ます。