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Working Capital

Finance provided to support the short-term assets of the business (stocks and debtors) to the extent that these are not financed by short-term creditors.

It is calculated as current assets minus current liabilities.

Working Capital Cycle

Total of stock holding period plus customers collection period minus suppliers payment period.


Cost of partly completed goods or services, intended for completion and recorded as an asset.

Written Down Value

See net book value.