August 04, 2017
PYMNTS, (UK) “Top E.U. Firms Are Holding More Than $1 Trillion In Net Working Capital,”
Financial analysts are fairly optimistic about Europe, but the latest Europe Working Capital Survey released by REL Consultancy, part of The Hackett Group, found the EU’s top 1,000 nonfinancial companies saw their cash conversion cycles slip as they hold onto more net working capital. The data found more than $1.2 trillion in net working capital among the REL 1000, while their cash conversion cycle dropped 3.6 percent in 2016, according to the report.