Working Capital Management Analysis – Ruchi Soya

Company Industry Company Industry Company IndustryYear End Mar 2014 2014 Mar 2013 2013 Mar 2012 2012

   Fixed Capital/Sales(x) 0.22 0.37 0.55 0.23 0.56 0.22

   Receivable days 15.66 17.34 18.77 19.84 20.12 18.86

   Inventory Days 32.87 38.42 28.72 44.19 32.34 43.94   Payable days 29.55 58.32 30.37 60.83 29.94 63.22

Operating cycle 38.84 66.44 45.78 67.94 46.04 68.77

Cash Conversion Cycle 16.36 20.47 28.28 12.49 21.47 15.88

Cash Cycle

2014 2013 201205

1015202530354045

CompanyIndustry

Figure : Cash Conversion Cycle for Ruchi Soya & Industry

Operating Cycle

2014 2013 20120

10

20

30

40

50

60

70

Figure : Cash conversion cycle for Ruchi Soya & Industry