operating cycle

简明释义

营业周期

英英释义

例句

1.A longer operating cycle 经营周期 can indicate inefficiencies in inventory management.

较长的经营周期可能表明库存管理效率低下。

2.Understanding the operating cycle 经营周期 helps businesses manage cash flow more effectively.

理解经营周期有助于企业更有效地管理现金流。

3.To improve profitability, the firm needs to shorten its operating cycle 经营周期.

为了提高盈利能力，公司需要缩短其经营周期。

4.The company's operating cycle 经营周期 is shorter than its competitors, allowing it to respond quickly to market changes.

公司的经营周期比竞争对手短，使其能够迅速应对市场变化。

5.Investors often look at a company's operating cycle 经营周期 when assessing its liquidity.

投资者在评估公司流动性时，通常会关注其经营周期。

作文

The concept of the operating cycle is fundamental in understanding how businesses operate and manage their resources. The operating cycle refers to the time it takes for a company to purchase inventory, sell that inventory, and then collect cash from the sale. This cycle is crucial for maintaining liquidity and ensuring that a business can meet its short-term obligations. In essence, the operating cycle provides insight into the efficiency of a company's operations and its ability to convert resources into cash flow.To illustrate the importance of the operating cycle, consider a retail business. When a retailer purchases goods from suppliers, they enter the first phase of the operating cycle. This phase involves not only the procurement of inventory but also the management of supplier relationships and payment terms. Once the inventory is acquired, the retailer must effectively market and sell the products to customers. This sales phase is critical, as it determines how quickly the inventory can be converted into cash.After the sale is made, the final phase of the operating cycle begins: collecting cash from customers. This step can vary significantly depending on the payment methods accepted and the credit terms offered. For instance, if a retailer allows customers to purchase items on credit, the collection phase may take longer, extending the overall operating cycle. Conversely, businesses that require immediate payment can shorten their operating cycle, enhancing their cash flow.Understanding the operating cycle is also essential for financial analysis. Investors and analysts often look at the operating cycle to gauge a company's efficiency and operational performance. A shorter operating cycle typically indicates that a company is managing its inventory well and converting sales into cash quickly. On the other hand, a longer operating cycle may signal inefficiencies in inventory management or slow sales, which could lead to cash flow problems.Moreover, the operating cycle can vary significantly across different industries. For example, manufacturing companies often have longer operating cycles due to the time required to produce goods. In contrast, service-oriented businesses may experience much shorter operating cycles since they often collect payment upfront before delivering services. Understanding these differences is vital for stakeholders when comparing the performance of companies within the same industry or across different sectors.In conclusion, the operating cycle is a critical metric for evaluating a company's operational efficiency and financial health. It encompasses the entire process of acquiring inventory, selling it, and collecting cash, and it varies widely among different industries. By closely monitoring the operating cycle, businesses can make informed decisions about inventory management, sales strategies, and cash flow optimization. Ultimately, mastering the intricacies of the operating cycle is essential for any organization aiming for long-term success in today's competitive marketplace.

“营业周期”这一概念对于理解企业如何运作及管理其资源至关重要。“营业周期”指的是公司从购买库存、销售库存到收回现金的时间。这一周期对维持流动性和确保企业能够履行短期义务至关重要。实质上，“营业周期”提供了有关公司运营效率及其将资源转化为现金流能力的洞察。为了说明“营业周期”的重要性，我们可以考虑一家零售企业。当零售商从供应商那里购买商品时，他们进入了“营业周期”的第一阶段。这一阶段不仅涉及库存的采购，还包括对供应商关系和支付条款的管理。一旦库存获得，零售商必须有效地营销和销售产品给顾客。这一销售阶段至关重要，因为它决定了库存转换为现金的速度。在销售完成后，“营业周期”的最后阶段开始：从顾客那里收回现金。这一步骤的时间差异可能很大，取决于接受的支付方式和提供的信用条款。例如，如果零售商允许顾客赊账购买商品，那么收款阶段可能会更长，从而延长整个“营业周期”。相反，要求顾客立即付款的企业则可以缩短其“营业周期”，增强现金流。理解“营业周期”对于财务分析同样至关重要。投资者和分析师通常会关注“营业周期”，以评估公司的效率和运营表现。较短的“营业周期”通常表明公司在管理库存和快速将销售转化为现金方面表现良好。另一方面，较长的“营业周期”可能表明库存管理不善或销售缓慢，这可能导致现金流问题。此外，不同行业的“营业周期”可能有显著差异。例如，制造公司由于生产商品所需的时间，通常具有较长的“营业周期”。相比之下，服务导向型企业可能经历更短的“营业周期”，因为它们通常在提供服务之前就收取付款。理解这些差异对于利益相关者在比较同一行业或不同部门公司表现时至关重要。总之，“营业周期”是评估公司运营效率和财务健康的重要指标。它涵盖了获取库存、销售以及收回现金的整个过程，并且在不同行业之间差异很大。通过密切监控“营业周期”，企业可以就库存管理、销售策略和现金流优化做出明智的决策。最终，掌握“营业周期”的复杂性对于任何希望在当今竞争激烈的市场中取得长期成功的组织都是必不可少的。