Corporate Intelligence

Corporate intelligence: ask sharper questions.

Structured due-diligence questions on working capital, disclosures, governance and financial risk.

Corporate Intelligence notes

Receivable ageing, inventory build-up, supplier terms, advances and cash-flow divergence: where to look when profit looks better than cash.

The parts of an auditor's report worth reading closely: the type of opinion, key audit matters, emphasis paragraphs and going-concern comments.

Why dealings between a company and its promoters, subsidiaries or associates deserve a closer read, and the questions to ask about each one.

Working capital days Receivable, inventory and payable days, and the cash conversion cycle.
Earnings-quality check Compare operating cash flow with reported profit over up to five years.