Total NWC LY: $1.48B
$1.54B
4.0% vs LY
14.2%
Accounts Receivable DSO: 44.2d
$1.42B
1.4d Delay
$142.8M
Accounts Payable DPO: 52.4d
$720.5M
2.1d Efficient
45d
Total Inventory DIO: 38.1d
$840.2M
$310M
$410M

I. Aggregate Working Capital Bridge

NWC vs Sales %
NWC Waterfall (MoM Change)

II. Accounts Receivable Lifecycle

AR Balance vs. DSO Efficiency
AR Aging Concentration

III. Accounts Payable & Supplier Leverage

AP Balance vs. DPO Efficiency
AP Aging Concentration

IV. Inventory Structural Maturity

Inventory vs. DIO Efficiency
Inventory Aging (DRPO and DFGO)

V. Global Entity Diagnostic

Subsidiary Entity Abs. NWC ($M) NWC Intensity AR / DSO Overdue AR Inv / DIO Slow Moving AP / DPO Avg. AP Term
Mars Petcare US $390.0 11.2% $420M (38d) $34M (8%) $280M (32d) $22M (7.8%) $310M (55d) 60d
Mars Wrigley UK $250.0 16.8% $215M (48d) $58M (27%) $145M (42d) $29M (20%) $110M (42d) 45d
Mars Food India $300.0 14.5% $185M (42d) $28M (15%) $210M (58d) $63M (30%) $95M (48d) 45d
Royal Canin FR $265.0 12.9% $310M (40d) $37M (12%) $195M (35d) $21M (11%) $240M (52d) 50d
Mars Mexico $120.0 13.1% $140M (44d) $22M (16%) $95M (38d) $14M (15%) $115M (62d) 60d