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.
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.
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