Working Capital
Demo #12 — Sava Industrial DSO/DIO/DPO roll-forwards, NWC corkscrew, cash conversion cycle, and ΔNWC linked to Demo #1 drivers (USD $M).
Training scope — WC roll-forward
Days-based WC aligned with Excel Demo #12 and Demo #1 FY2023A stub. Industry simulators use simplified NWC % — this module is the dedicated WC lab. Not statutory AR aging — educational only.
FY2023A snapshot
Golden checks vs Demo #1 manufacturing baseline.
Revenue ($M)
480.0
NWC ($M)
108.0
NWC / revenue
22.5%
Cash conversion cycle
100 days
Roll-forward schedule
AR, inventory, AP ending balances and ΔNWC by fiscal year.
| Year | AR ($M) | Inventory ($M) | AP ($M) | NWC ($M) | ΔNWC ($M) |
|---|---|---|---|---|---|
| FY2023A | 64.4 | 85.5 | 41.9 | 108.0 | 0.0 |
| FY2024E | 68.3 | 90.6 | 44.4 | 114.5 | 6.5 |
| FY2025E | 72.1 | 95.6 | 46.8 | 120.9 | 6.4 |
| FY2026E | 75.7 | 100.4 | 49.2 | 126.9 | 6.0 |
| FY2027E | 79.1 | 104.9 | 51.4 | 132.6 | 5.7 |
| FY2028E | 82.2 | 109.1 | 53.5 | 137.8 | 5.2 |
Reconcile FY2023A NWC here with the manufacturing balance sheet (#1) before debt schedule (#11) or LBO (#9).