Terex (TEX) - 2023 Q4 - Earnings Call Presentation

Working Capital is calculated using the Consolidated Balance Sheet amounts for Receivables (net of allowance) plus Inventories less Trade accounts payable and Customer advances. The Company views excessive working capital as an inefficient use of resources, and seeks to minimize the level of investment without adversely impacting the ongoing operations of the business. For the periods below, working capital was: The ratio is calculated by dividing working capital by trailing three months annualized net sale ...