Working capital is cash trapped in your operating cycle - money tied up in inventory waiting to sell, invoices waiting to be paid, minus the float you get from vendors. The cash conversion cycle measures how long that cash is trapped.

Every day you reduce your cash conversion cycle releases cash. If your cycle is 60 days and you shave it to 45 days, you've freed up 15 days of operating expenses - potentially hundreds of thousands of dollars - without borrowing a dime.

In this topic, you'll learn to analyze your cash conversion cycle, identify which levers (AR, AP, inventory) have the biggest impact, and implement changes that permanently improve your cash position.