- This is a chart of the working capital of Electrolux since 2003.
- It shows that the total cash collection cycle has fallen from 63 days in 2003 (a peak of 87) to zero today.
- This was almost entirely achieved by payable days doubling from 60 to 120.
- In short the company is squeezing suppliers.
- What happens after Covid? This excellent blog post addresses this and other impacts.
