Nk Industries Ltd
Ratios
Working-Capital Days
Number of daysDebtor DaysInventory DaysDays Payable
How to read this: these lines track how the company manages day-to-day cash. Debtor days is how long customers take to pay; inventory days is how long stock sits before selling; days payable is how long the company takes to pay its own suppliers. Fewer debtor and inventory days generally means cash comes in faster; more days payable means the company holds its cash longer. The right level varies a lot by industry, so the trend over time matters more than any single number.
| Period | Debtor Days | Inventory Days | Days Payable | Cash Conversion Cycle | Working Capital Days |
|---|---|---|---|---|---|
| FY2015 | 224 | 20.33 | 324 | -79.77 | 63.70 |
| FY2016 | 113 | 49.98 | 15.47 | 148 | 129 |
| FY2017 | 110 | 55.99 | 14.50 | 152 | 129 |
| FY2018 | 111 | 35.23 | 32.96 | 113 | 110 |
| FY2019 | 26.12 | — | — | 26.12 | 7.31 |
| FY2020 | 66.76 | 83.11 | 39.69 | 110 | 62.84 |
| FY2021 | 342 | — | — | 342 | 299 |
| FY2022 | 374 | — | — | 374 | 339 |
| FY2023 | 446 | — | — | 446 | 401 |
| FY2024 | 469 | — | — | 469 | 432 |
| FY2025 | 528 | — | — | 528 | 508 |
| FY2026 | 694 | — | — | 694 | 687 |
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Debtor Days
- The average number of days the company takes to collect payment from its customers after a sale.How a beginner reads it: A beginner reads fewer days as cash coming in faster. A rising trend can mean customers are taking longer to pay, which ties up cash; readers compare it to the company's own past and to peers.
- Inventory Days
- The average number of days goods sit as inventory before being sold.How a beginner reads it: A beginner reads lower inventory days as stock moving quickly. A rising trend can signal slowing sales or overstocking; the right level varies a lot by industry, so comparison matters.
- Days Payable
- The average number of days the company takes to pay its own suppliers.How a beginner reads it: A beginner reads more days as the company holding onto cash longer — useful, within reason. Reading it next to debtor days shows whether the company collects from customers faster than it pays suppliers.
- Cash Conversion Cycle
- The number of days it takes to turn money spent on inventory back into cash from customers: inventory days plus debtor days minus days payable.How a beginner reads it: A beginner reads a shorter cycle as cash being tied up for less time. A negative cycle — paying suppliers after collecting from customers — is generally a sign of strong working-capital efficiency.
- Working Capital Days
- How many days of sales are tied up in the day-to-day running of the business (receivables and inventory, net of payables).How a beginner reads it: A beginner watches the trend: fewer days means less cash locked into operations. A steadily rising figure can mean growth is consuming more and more cash to sustain.