Manish Jain

“stock taking is the measurement of what is not consumed”
― Anil Lamba, Romancing The Balance Sheet

“the objective of running a business enterprise to generate profit. But, since profit does not automatically mean money, an equal amount of attention must also be paid to the generation of cash. There is no point in making profit if, at the end of the month, there is no money to pay salaries. Only half the battle has been won when you are able to make profit for your business. The other half will be won if you are also able to generate cash.”
― Anil Lamba, Romancing The Balance Sheet

“Never confuse money with profit!
This is yet another common misconception.
Profit and Money are two entirely different things.
It is certainly possible for a firm to make huge profit and have no money. It is equally possible that it is flush with funds but is suffering losses.”
― Anil Lamba, Romancing The Balance Sheet

“It follows, therefore, that the greater the credibility that a firm enjoys, the lower would be its net working capital requirement.”
― Anil Lamba, Romancing The Balance Sheet