In 2020 the average working capital cycle of the sampled companies decreased from 63.5 to 57.7 days, driven primarily by delaying payments to suppliers (DPO), perhaps due to initial COVID-19 cash flow pressures. The improvement in DWC was compounded by faster customer collections for some sectors.
Welcome to the McGrathNicol New Zealand Working Capital Report 2020. This report profiles the working capital performance of a sample of 134 New Zealand domiciled companies (including 39 listed on the NZX) across the Building Products, Construction & Engineering, Food & Beverage, Leisure, Mining & Resources, Retail, Transport & Distribution and Utilities sectors.
Download full New Zealand Working Capital Report 2020.