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What To Do if a Bank Tightens Up Your Advance Rates

CFO Simplified

Bank fatigue might mean that your bank feels like: Your financial reporting isn’t getting done on time. Your financial reporting is inconsistent. This means you need to have additional inventory to support sales. The bank will not be concerned if you’re turning inventory over quickly through sales.

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Interpreting the Income Statement – a Quick Guide

CFO Share

To interpret revenue, ask the following questions: Do sales come from a diverse array of products and services, or just one specialty? Are multiple sales channels apparent in the revenues, such as wholesale, retail, and e-commerce? What is the distribution of sales across these channels? Is net income hitting or beating budget?

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10 KPIs to Track Business Performance

The Finance Weekly

Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales.

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5 Habits of Highly Effective CFOs

The Finance Weekly

Participate in board meetings and furnish comprehensive financial reports and suggestions to company leadership. Look at the exemplary achievements of Luca Maestri , Apple's CFO - he made sure the company's financial position was rock solid, helping Apple become the 2nd most valuable company globally in 2024.

CFO 52
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Check Your Company’s Oil

CFO Simplified

Project your sales — If you’re waiting till the end of the month to see what your sales were for this month, and don’t have a clue what your sales future looks like you’re not checking the oil. What are the leading indicators for your sales? What is the activity that leads to sales? Concentrate on them.

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Target Updates COVID-19 Results; Will Reconfigure Stores

PYMNTS

Target released an updated financial report Wednesday (March 25) that shows dramatically increased revenue booked since the COVID-19 crisis shut down non-essential stores. It is a look at what the retail industry can expect as other essential retailers report results as March closes. Talk about mixed emotions. Then came March.

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Understanding the Nonprofit Statement of Cash Flows

The Charity CFO

If your nonprofit sells an asset at a price that is lower than the asset’s book value, there was a loss on the sale of the asset. You will subtract: Gain on the sale of an asset Increase in current assets Decrease in current liabilities This is because these changes do not represent cash inflows. Get the free guide!