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XYZ Ltd. has obtained the following data concerning the average working capital cycle for other companies in the same industry :
Raw material stock turnover 20 Days
Credit received 40 Days
Work-in-Progress Turnover 15 Days
Finished goods stock turnover 40 Days
Debtors' collection period 60 Days
95 Days
Using the following data, calculate the current working capital cycle for XYZ Ltd. And briefly comment on it.
(Rs. in '000)
Sales
3,000
Cost of Production
2,100
Purchase
600
Average raw material stock
80
Average work-in-progress
85
Average finished goods stock
180
Average creditors
90
Average debtors
350
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