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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 725 |
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We are constantly trying to decrease the amount of cash we have committed to working capital. By decreasing the amount of inventories we have, by increasing the speed with which we collect receivables, and by better managing our payables, we use less cash. In addition, we are committed to prioritizing the amount of cash we will spend in any year on capital expenditure...
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In addition, we are committed to prioritizing the amount of cash we will spend in any year on capital expenditure. Ours is not a capital-intensive business and we have been successful at eliminating unnecessary expenditures. This vigilance, and increasing earnings, provides cash that we can use for debt repayment, the repurchase of shares, payment of the dividend, or to make small, complementary acquisitions...
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