普华永道：看好欧企营运资本管理.docVIP

普华永道：看好欧企营运资本管理 PwC Study Upbeat on European Companies’ Working Capital Management 字号:小大我要评论(0) 核心提示：据普华永道研究,欧洲公司的营运资本管理有很大提升空间,而英国公司在这方面是最有效率的。 The largest European companies have never been better at managing their working capital and UK companies are the most efficient compared to their neighbours, according to a PricewaterhouseCoopers (PwC) study. 天和网天和财务频道消息：根据普华永道(PwC)的研究,欧洲的大型公司从来没有更好地管理他们的营运资本,与之相比,他们的邻居英国的公司在管理营运资本方面是最有效率的。 The study, entitled ‘Working Capital: Never Been Better’, analyses the working capital performance of Europes largest publicly listed companies in 34 countries and shows that the UK cash-to-cash conversion cycle stood at 55 days in 2011, down from 60 days in 2010. Using days working capital (DWC) as a measure of working capital efficiency, the study shows how many days it takes for companies across Europe to convert their working capital into revenue. The faster companies can do this the better. 这项名为“营运资本:没有最好,只有更好”的研究,分析了欧洲一些大型上市公司在34个国家营运资本的状况,数据显示2011年英国现金转换周期需要55天,低于2010年60天的现金转换周期。这项研究通过使用日营运资本(DWC)作为衡量营运资本的效率,研究出全欧洲的企业需要花费多少天将其营运资本转化为收入,在这方面,效率高的公司可以做的更好。 After the UK, other country groups that showed good working capital management were central Europe (58 days) and Russia/Ukraine (63 days). The worst performing country was France (83 days), followed by the Nordic countries (78 days) and Germany, Switzerland, Austria and Italy, all at 77 days. Overall European cash conversion cycles have decreased by five days to 70 days between 2010 and 2011, mainly due to improvements in receivables and inventories. 继英国之后,其他国家拥有良好的营运资本管理的公司集团主要集中在中欧(58天)，俄罗斯和乌克兰(63天)。表现最差的国家是法国(83天),其次是北欧国家(78天), 德国、瑞士、奥地利和意大利,这几个国家都需要77天。整个欧洲的现金转换周期在2010年和2011年之间已经下降了五天至70天,这主要是由于在应收账款和存货方面的改进。 Robert Smid, PwC working capital partner, said: “Cash has become an expensive resource which is more and more difficult to obtain. We should not forget that working capital is the cheapest source of cash, and as most companies have trapped cash sitting on the bal