There is currently quite a bit of pressure on Courageous' cash flow. How can one possibly release some cash from working capital. This should be in an effort to understand Courageous' net working capital cycle better.

RO,OO RO,OO RO,0O R561 930,40 >91 days COURAGEOUS FASHIONS (PTY) LTD Extract from the Statement of Profit and Loss and Other Comprehensive Income for the financial year ended 31 August and draft interim results RO,00 Draft Audited Audited R449 544,32 6 Months to Year to Year to 61 - 90 days 28-Feb-22 31-Aug-2 31-Aug-20 R'000 R'000 R'000 Revenue 151 225 263 000 282 658 R407 175,27 R1 323 319,63 R3 528 852,33 R2 646 639,25 Cost of sales 72 58 142 020 -130 023 Gross profit 78 637 20 980 152 635 Operating expenses 71 720 136 610 132 631 R7 830,55 R899 088,64 R516 816,62 R355 507,19 R102 666,40 Net interest expense -2 305 R234 916,64 -2 009 -375 R634 274.94 R2 136 185,08 R3 204 277,63 R5 126 844,20 31 - 60 days R11 363 013,70 R2 272 602,74 R3 408 904.11 R1 136 301,37 84 545 205,48 R60 614 294,52 R18 850 491,84 R21 027 598,80 R12 982 428,75 R7 753 775,13 Profit before taxation 4 612 -17 640 19 629 Current taxation -1 199 -5 496 Profit for the year 3413 -17 640 14 133 R13 704 432,64 R6 852 216,32 R4 111 329,79 R2 740 886,53 RO,00 Summarised Statement of Financial Position as at 31 August, including draft interim results R78 305,55 R15 661,11 R70 474,99 R410 665,62 R704 749,93 R337 158,24 R344 544,41 R939 566,58 R391 577,74 R/75 224,92 R9 343 000,00 R3 114 333,33 R6 228 666,67