Working Capital Could Become the Next Alpha

Everyone tracks revenue growth. Very few track how quickly companies convert profits into cash. With interest rates still elevated and liquidity turning selective, firms with improving receivables and lower inventory days could see stronger cash flows and better valuations. The market may soon reward cash conversion over headline earnings growth. Companies like $ASIANPAINT , $TITAN , $ABB and $POLYCAB have historically demonstrated strong working capital discipline, making them worth watching.