WCInv = NWCInv?

[topher]

Just making sure that these two are the same. In the FCF material, it’s referenced as WCInv, and in the capital budgeting material, it’s referenced as NWCInv.
WCInv = NWCInv = change non-cash CA - change non-debt CL

 

[topher]

bump

 

[TheAliMan]

Yes, I believe they are the same, except one applies to specific project net working capital items, while the other applies for the company

 

[charu_mulye]

Valuation in Emerging markets has following definition :
WCinv = NWC(t) - NWC(t-1) [ Change in NWC]

 

[charu_mulye]

Oops but then that looks similar to what you stated… NWCinv ..