Karan Vora
8.6K posts
@SuketuK @aditya_kondawar They all are the same. The only solution is to keep baiting them by comparing it with other banks and threatning them that they will move your banking to other branch. Some will care, some will not
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@karan2594 @aditya_kondawar Well it’s the same with ICICI Bank too, they think they are doing the customers a favour
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Walked into a HDFC bank branch for attesting a client’s document
Have to say HDFC bank has lost the plot in customer service
Branch manager and RM of the branch are so arrogant and try to help you as if you have asked them for one of their kidney
Thank god i don’t bank with them!
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Karan Vora retweetledi
Working capital is the most underestimated force in business.
Let’s imagine you have a business running at $ 500k per month of sales.
All of a sudden you experience a breakout moment:
- 15% sales growth month-over-month for a year
- With a net income margin of 10%
Extending that growth will lead to a total of $14.5M sales in the first year and $1.45M net income.
Now make some working capital assumptions:
- Days Sales Outstanding (DSO) of 30 Days
- Days Inventory Outstanding (DIO) of 30 Days
- Days Payable Outstanding (DPO) of 30 Days
i.e. a Cash Conversion Cycle (CCC) of 30 Days: (DSO + DIO - DPO).
Despite the $1.45M profitability, the business won’t generate any cashflow in year one. In fact it will outflow ~$375k of cash over those twelve months as it lays down the additional working capital needed to react to the growth.
Now, lets run some scenarios (see the image) assuming that same business starts with $ 1M of cash on the balance sheet:
If we assume the same dynamics, but instead imagine the business had poor inventory control, and ran on a CCC of 90 days. That same business would now have a negative cash balance of ~$3m by Christmas… or more accurately would be dead by June.
And at that CCC, even if the business 2.5x that net margin to 25%, the business would still run out of cash in 9 months (that is despite now generating ~$3.6M of profit).
Now imagine the opposite were true, the business, ran on a negative CCC of 60 days, funded by a willing supplier; with very tight inventory and receivables levels.
In this scenario, even if the net margin were only 5%, the cash balance would explode to over $ 5M (positive) by the end of the year.
In fact, at a negative 60 days CCC, even if the business operated at a 25% net loss margin, it would still survive the year (just about).
This illustrates how much more sensitive working capital (and cashflow) is to changes in the business, than any profit metric you can choose.
I call this effect: The Cashflow Megaphone.
And as a long time turnaround CFO, understanding this inside out was the most valuable technical weapon in my armory in bending broken cashflows back into the black.
And in times of volatile trading and macro conditions, these dynamics are more important than ever (especially when supply chains are gummed up like they are right now)
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Karan Vora retweetledi
The day before he killed himself, Hitler tested his cyanide pills on his dog. The dog died in seconds.
By April 1945, Hitler was hiding 8 meters underground in a concrete bunker beneath Berlin. The Soviet army was 500 meters from his door. He was 56. After years of drug injections from his personal doctor, his left hand shook so badly he could barely sign his name. He had not seen daylight in 105 days.
April 20 was his birthday. He went up to the garden behind his headquarters and handed medals to boys from the Hitler Youth who were fighting Soviet tanks. It was the last time he saw the sun.
April 28: Hitler had Eva Braun's brother-in-law Hermann Fegelein, an SS general, shot in the garden for trying to flee Berlin in regular clothes.
April 29, just after midnight: Hitler married his longtime girlfriend Eva Braun. The ceremony was 10 minutes. She started writing her old last name on the marriage certificate, caught herself, and wrote "Hitler" instead. They served champagne afterward.
Later that afternoon, Hitler dictated his will. Then his doctor tested a cyanide pill on his German Shepherd Blondi. Her puppies were shot afterward.
April 30 at 3:30 PM: Hitler bit into a cyanide pill and shot himself in the right temple. Eva took cyanide alone, sitting next to him on the couch.
Their bodies were carried up to the garden, soaked with 200 liters of gasoline (about 4 full car tanks), and set on fire. Soviet soldiers captured the parliament building that same afternoon, 500 meters away.
The next day, Hitler's propaganda chief Joseph Goebbels and his wife Magda poisoned their 6 children in the bunker. Then they walked outside and killed themselves too.
Berlin surrendered 48 hours later. Germany followed within a week. A man who had ruled Germany for 12 years died in a concrete box with his wife of 40 hours and the ashes of his dog.
Interesting AF@interesting_aIl
81 years ago, Adolf Hitler took his life in a bunker in Berlin
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Football is back
David Ornstein@David_Ornstein
🚨 Jose Mourinho preferred candidate of Florentino Perez to become next Real Madrid head coach. Support not universal inside #RMFC but president driving process so 63yo strong contender. ~€3m break clause in Benfica deal. W/ @MarioCortegana @TheAthleticFC nytimes.com/athletic/72367…
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@JoshiEien Not to forget age old sale system of Babu’s who have occupied space as sales managers.
Will never be able to expand or scale
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GNFC: Good product portfolio but lacks scale to fully reduce India’s import dependence.
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Today, exercising the provisions of the Constitution of India, more than two-thirds of the AAP MPs in the Rajya Sabha have merged with the BJP.
Seven MPs have signed the document, which was submitted to the Hon’ble Chairman of the Rajya Sabha.
I, along with two other MPs, personally handed over the signed documents.
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Karan Vora retweetledi
Something about Orcas watching you is deeply unsettling.
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Actually she is Pooja Mishra an aspiring model cum Bollywood heroine who had some serious casting issue with Salman Khan n his family when she was dropped frm the lead role in “ Dabaang “ ( 2010 ) also appeared in Big Boss series.
Tweetractatus@rosharma08
@UJJAVALSHAH2 Appeared to be a Parsi lady. The community enjoys overall goodwill in Mumbai. Would have been a PR disaster had they tried strong arm tactics. Also Mahajan handled it very coolly. Have to hand him that 🙂
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please do anything but do not behave like this lady did in front of politicians. you might get temporary fame but you will literally change nothing on ground.
what is guaranteed is your lifetime suffering after the things cool down. be assured of this
Prashant Dhumal@prash_dhumal
सामान्य जनतेला वेठीस धरणाऱ्या व्हीआयपी कल्चरचा जनतेला आता कंटाळा आला आहे. लोकांचा संयम ढळू लागला आहे, त्यातूनच मुंबईतील एका महिलेने मंत्री गिरीश महाजन यांची त्यांच्यामुळे झालेल्या वाहतुक कोंडीवरून खरडपट्टी काढली.
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Karan Vora retweetledi
Modi Jee will not lead the country forever but the India he’ll leave behind will take decades to recover
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eventually you have to call the waiter to order.
What is the point?
you know what's worse?
Where you place a order on the app/website itself and then a waiter comes and confirms it again.
HOW STUPID ARE WE!!!!!!!
Shivani@shivanimatla
i absolutely hate when some restaurants ask you to scan a qr for the menu because now it’s a table full of friends just on their phones. the joy of collectively flipping through well designed menus and debating what to order while yapping is such a wholesome experience. i get the operational ease but something very real was lost
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@aanalonelyfans It's basically coming from people who don't follow F1 . They are reading the headlines wrong.
It's also a joke when they get banned from a race, that they end up saying they are going to jail.
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Guys why are f1 drivers going to prison csn sm1 explain
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@rubenmasc Will repeat it again. They are not infra influencers. They are paid infra stooges from the same government running a propaganda and PR for the BJP government.
Shiv sena & congress should go behind them if they are serious about retaining mumbai & MH
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As per so-called infra influencers, everyone in Mumbai is responsible for the poor quality of life, except the BJP Govt that is at power at all 3 levels- BMC, State Govt and the centre. Cute.
They are experts at deflecting blame to bureaucracy while somehow exculpating the BJP.
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@bhaumikgowande I hope you do realise they aren’t even non technical infrastructure individuals .
Bunch of paid/unpaid attention seeking propaganda machinery from the government.
They are naive and still don’t realise that government and power changes after some point
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My aim is occupy the heads and minds of Mumbai’s non-technical infrastructure discourse so much that eventually they start thinking and tweeting like me.
Artful Dodger@RahulChels
lowk sick of closet congi @bhaumikgowande mumbai metro criticism i ain't seen you propose a better 'overground' alignment once for all applicable lines 😒
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Karan Vora retweetledi
we are going to witness a performative male feminist masterclass tonight.
ANI@ANI
Prime Minister Narendra Modi will address the nation at 8:30 PM tonight.
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Karan Vora retweetledi
'Main bachpan mein ek mahila tha..'
ANI@ANI
Prime Minister Narendra Modi will address the nation at 8:30 PM tonight.
हिन्दी
Boss. Heard the Rahul Gandhi speech for five minutes. He cannot stand still, cannot speak coherently and his hypotheticals are way too lengthy for anyone to actually appreciate his points.
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