Ciclo de Conversión de Efectivo

 

AJADF ML AFOPLSQJÑO ML L@LA]JPF ;=.= ¶Auëd ls dk mj`lrloajk lotrl ld ajadf fplrktjvf ml dk lnprlsk y su ajadf ml afovlrsjño mld l`latjvf6 Ld ajadf fplrktjvf ml dk lnprlsk lstk ml`jojmf pfr ld tjlnpf trkosaurrjmf mlsml ld jojajf mld prfalsf ml prfmuaajfo ekstk qul joirlsk llatjvf (afcrkozk) pfr dk vlotk ml kdiu kdiu o pr prfmu fmuat atf. f. Njlo Njlotr trks ks qul qul ld aj ajad adf f ml afov afovlr lrsjf sjf o ml mldd l lla latj tjvf vf afos afosjm jmlr lrk k dk mjlrloajk lotrl ld ajadf fplrktjvf y ld plrjfmf prfnlmjf ml pkif. Lstl u dtjnf ls kquld tjlnpf olalskrjf pkrk djqujmkr dks aulotks pfr pkikr prlslotls lo l o dk lnprlsk.

;=.< ¶Xfr quê ls òtjd slpkrkr dks olalsjmkmls ml jokoajknjlotf ml uo olifajf ls lstka tkajf jfok okdd lo olal olalsj sjmk mkml mlss ml j joko okoaj ajkn knjl jlot otf f pl plrn rnkol kolot otll y ls lstk tkajf ajfok okdd kd mlskrrfddkr uok lstrktlijk ml jokoajknjlotf6 Dk prjnlrk rkzfo ls qul, pkrk pfmlr mlskrrfddkr uok lstrktlijk ml `jokoajknjlotf, yk slk kirlsjvk afnf afoslrvkmfrk, tlolnfs qul ekclr slpkrkmf dks olalsjmkmls ml `jokoajknjlotf plrnkolotl ml dks lstkajfokdls. Lo sliuomf duikr, sl ekal dk slpkrkajfo lotrl kncks olalsjmkmls yk qul dk lstkajfokd tfnk lo aulotk aulotk dks jovlrsjfo jovlrsjfols ls lo katjvfs katjvfs fplrktjvfs fplrktjvfs qul vkrîko ko k trkvls mld tjlnpf, vfdv vfdvjl jlom omf f mj mjae aeks ks jo jovl vlrs rsjf jfol olss tlnp tlnpfr frkd kdls. ls. Xfr Xfr ld afot afotrk rkrj rjf, f, dk dkss olal olalsj sjmk mkml mlss lstkajfokdls, tfnko lo aulotk k dks jovlrsjfols afostkotls lo katjvfs, lstf ilolrkmf pfr vlotks afostkotls.

;=.0 ¶A ;=.0 ¶Auë uëdl dlss sfo sfo dfs dfs cl clol olj jaj ajfs fs,, afst afstfs fs y rjls rjlsif ifss ml uo uokk ls lstr trkt ktli lijk jk ml jokoajknjlotf kirlsjvk y ml uok lstrktlijk ml jokoajknjlotf afoslrvkmfrk6 ¶Afo quê lstrktlijk sl kmqujlrlo prêstknfs pfr loajnk ml dk olalsjmkm rlkd6 Lo prjnlrk jostkoajk, tlolnfs qul mltkddkr qul lxjstlo mfs tjpfs ml `jokoajknjlotf, k afrt afrtf f y dk dkri rif f pd pdkzf kzf.. Dk pr prjn jnlr lrk, k, k afrt afrtf f pd pdkz kzf, f, jn jnpdj pdjak ak nlof nlofss afstf afstfs, s, pl plrf rf sl joarln joa rlnlot lotk k ld rj rjlsi lsif f ml of pfmlr pfmlr sfdvlo sfdvlotkr tkr dks olalsj olalsjmkm mkmls ls lstkaj lstkajfo fokdls kdls.. Xfr ld afotrkrjf, dk mlumk k dkrif pdkzf suldl slr nks afstfsk, plrf rlmual ld rjlsif ml dk of sfdvloajk ml dks olalsjmkmls lstkajfokdls. ]fnkomf lo aulotk df lxpdjakmf kotlrjfrnlotl, sj uok lnprlsk sl joadjok pfr kpdjakr uok lstrktlijk ml `jokoajknjlotf kirlsjvk, lstkrî k fptkomf pfr uo `jokoajknjlotf, pfr nlmjf ml uok mlumk, ml sus olalsjmkmls lstkajfokdls k afrtf pdkzf, njlotrks qul `jokoajkrîk sus olalsjmkmls plrnkolotls afo uok mlumk k dkrif pdkzf.

;=.9 ¶Xfr quê ls jnpfrtkotl pkrk uok lnprlsk mjsnjoujr kd nîojnf dk murkajño ml su ajadf ml afovlrsjño mld l`latjvf6 Dk prjoajpkd rkzfo pfr dk qul dks lnprlsks cusako mjsnjoujr dk murkajfo ml su ajadf ml afovlrsjfo mld llatjvf ls qul sl rlmual dk olalsjmkm ml prlstknfs ckoakrjfs qul

 

kpfylo sus katjvfs fplrktjvfs. Lo ftrks pkdkcrks, sj sl dfirk rlmuajr dk murkajfo mld ajadf, sl rlmuajrk rlmuajrk o dfs pksjvfs olifajkmfs. Xkrk dfirkr mjaek rlmuaajfo, sl suldl kpdjakr auktrf lstrktlijks, dks aukdls ijrko lo tfrof k dk rkpjmk rftkajfo ml jovlotkrjf, ld afcrf ml aulotks pfr afcrkr lo ld nlofr tjlnpf tjl npf pfsjcdl, pfsjcdl, ld afotrf afotrfdd ml dfs tjlnpfs tjlnpfs ml lovî lovîf  ml afrrlf afrrlfs, s, prfals prfalsknj knjlot lotf f y afnploskajf o7 y ld pkif ml dks aulotks plomjlotls. afnploskajf