From: The Private Equity Report, Spring , Vol. Because forecast net working capital is often not available, it is common to see buyers apply a. ANALISIS PENGARUH CASH CONVERTION CYCLE, LEVERAGE, NET WORKING CAPITAL, DAN GROWTH INDUSTRI BARANG KONSUMSI DI BURSA EFEK INDONESIA PERIODE ). working capital and profitability. Hoang (). There are significant negative relationships between cash conversion cycle, net trade cycle, average.