I want to thank our shareholders and Board for their investment, long term support and strong guidance in Angiotech and the critical role they played in our success. The management team and I are excited to work with our new owners on a seamless transition and to further accelerate our growth while continuing to invest in improved quality and service for all our customers.” O’Melveny & Myers LLP is acting as legal advisor to the investment syndicate and Paul Hastings LLP and Magstone Law acted as legal advisors to ZQ Capital. Piper Jaffray & Co is acting as financial advisor and Irell & Manella LLP as legal advisor, respectively, to Angiotech. About Vivo Capital Vivo Capital is a global healthcare focused investment firm formed in 1996 with over $1.8 billion under management. Vivo Capital has offices in Palo Alto, California, Beijing, Shanghai and Taipei. Vivo’s current portfolio includes more than 80 private and public biotechnology companies in the areas of biopharmaceuticals, specialty pharmaceuticals, and medical devices. More information can be found at www.vivocapital.com . About ZQ Capital Limited ZQ Capital is an investment and advisory firm that specializes in identifying, investing in, and working together with global companies to realize their growth potential in the Chinese market. Utilizing its deep local knowledge of China as well as extensive relationships with financial institutions and leading entrepreneurs across numerous industries in Asia, ZQ Capital is focused on partnering with successful global brands and leveraging its relationships in and knowledge of China to bring added value to its partners. About China Orient Asset Management (International) Holding Limited China Orient Asset Management (International) Holding Limited is headquartered in Hong Kong, and is a wholly-owned subsidiary of China Orient Asset Management Group Company. COAMI is the Group Company’s primary overseas platform. As of 31 December 2015, COAMI has assets over HKD 52bn. The key businesses of COAMI include investment, corporate finance advisory, non-performing asset acquisitions and asset management.
Learn.bout the components of the statement of financial position and how they relate to each other. Firm value is enhanced when, and top small business lenders if, the return on capital, which results from working-capital management, exceeds the cost of capital, which results from capital investment decisions as above. Positive Working capital is essential for your company to meet its continuous operational needs. Since cash can be raised so quickly, there is no need to have a large amount of working capital available. Working capital abbreviated AC is a financial metric which represents operating liquidity available to a business, organization or other entity, including governmental entity. Knowing what the company’s financial statements mean will help you to analyse your investments. The policies aim at managing the current assets generally cash and cash equivalents, inventories and debtors and the short-term financing, such that cash flows and returns are acceptable. There are several ways to evaluate a company’s working capital further, including calculating the inventory-turnover ratio, the receivables’ ratio, days payable, the current ratio, and the quick ratio . Credit policy of the firm: Another factor affecting working capital management is credit policy of the firm.
In this context, the most useful measure of profitability is return on capital RAC. Learn about the top companies owned by Yahoo. Growing businesses require cash, and being able to free up cash by shortening the working capital cycle is the most inexpensive way to grow. See economic value added EGA. It’s easy to see why companies such as this must keep enough working capital on hand to get through any unforeseen difficulties.