Working Capital in Singer Sri Lanka

The Singer brand has been in Sri Lanka since 1877 with the introduction of sewing machines to the domestic market by the Singer Corporation.Singer Sri Lanka is one of the companies which categorized under four public companies such as Singer Sri Lanka PLC, Regnis Lanka PLC, Singer Industries Ceylon PLC and Singer Finance Lanka PLC.

Today, Singer (Sri Lanka) PLC is a large, diversified company with unmatched presence throughout Sri Lanka. It remains a member of the worldwide franchise of Singer.

According to working capital calculation, company has enough working capital to cover day to day expenses. Compared to 2009, company was able to increase its working capital by 72%. But compared selected year and previous year comparison working capital has decreased significantly up to year 2012. But again after 2013 onwards it has significant increased up to 87%.

Working capital amount increase compared to previous year highlighted, business has either increased current assets or has decreased current liabilities. According to the absolute amount analysis both current assets and liabilities has increase within the selected time period. Therefore,percentage increase of current assets and liabilities can be used to get an idea about the working capital. Compared to 2009 company has increased current asset percentage compared to current liability increase. Reason for the decrease in working capital in 2011 and 2012 is that company had unable to increase its current assets percentage with the same proportion of increasing the current liabilities.