China Green Agriculture Working Capital Analysis

China Green Agriculture Working Capital Analysis

COGS
COGS per Day
Inventories
Days Inventory Outstanding

2007
$6.60
0.02
1.77
98

2008
$9.79
0.03
3.99
149

2009
$14.71
0.04
7.16
178

average

141

Revenues
Revenues per Day
Receivables
Days Sales Outstanding

$15.18
0.04
1.89
45

$22.61
0.06
3.59
58

$35.21
0.10
8.17
85

average

63

$6.60
0.02
0.89
49

$9.79
0.03
0.26
10

$14.71
0.04
0.96
24

average

28

94

197

239

average

177

3.7x

3.4x

2.6x

average

3.3x

average

184

COGS
COGS per Day
Accounts Payable
Days Payables Outstanding

Cash Conversion Cycle
Inventory Turnover
(COGS/Avg. INV)

COGS
COGS per Day
Inventories
Days Inventory Outstanding

3Q08
$1.98
0.02
5.82
268

4Q08
$3.42
0.04
3.99
106

1Q09
$3.93
0.04
6.57
153

2Q09
$2.90
0.03
7.29
229

3Q09
$3.78
0.04
8.26
199

4Q09
$4.10
0.04
7.16
159

1Q10
$4.32
0.05
8.14
172

Revenues

$4.44

$7.22

$8.88

$7.00

$8.84

$10.49

$11.28

Revenues per Day
Receivables
Days Sales Outstanding

0.05
1.73
36

0.08
3.59
45

0.10
6.34
65

0.08
4.54
59

0.10
6.87
71

0.11
8.17
71

0.12
11.71
95

average

63

$1.98
0.02
0.44
20

$3.42
0.04
0.26
7

$3.93
0.04
0.29
7

$2.90
0.03
0.24
8

$3.78
0.04
1.27
31

$4.10
0.04
0.96
21

$4.32
0.05
0.66
14

average

15

Cash Conversion Cycle

283

145

211

281

240

209

253

average

232

Inventory Turnover
(COGS/Avg. INV)*4

1.4x

2.8x

3.0x

1.7x

1.9x

2.1x

2.3x

average

2.2x

COGS
COGS per Day
Accounts Payable
Days Payables Outstanding

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