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US and European Companies leave Billions of Dollars, Euros Untapped in Working Capital
Sponsored By REL
- Topics:
- Accounting > Working Capital
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- Abstract:
- For the first time in five years, levels of working capital relative to sales in the US stalled in 2006 – a situation where, in absolute dollar terms, more cash has been tied up on the balance sheet instead of funding strategic initiatives. In their annual survey of working capital at the 1,000 largest companies in the US and the same number of companies in Europe, REL and CFO Magazine estimate that, as a result (and excluding automobiles), some $764 billion is untapped by companies that did not look, or were unable, to improve working capital.
- DETAILS
- Sponsored by: REL
- Posted: February 14, 2008
- Length: 6 pages
- Format: PDF (564 kb)
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