Part four · Running it · Chapter 14

THE CASH SCORECARD

One page, every week, beside the forecast. Each number has a definition, and each one catches a different way cash goes missing.

The forecast shows where cash is going. The scorecard shows why. One page, on screen right after the forecast.

NumberDefined asWhat it catches
Lowest forecast weekThe lowest ending cash in the next 13 weeks, and its gap to the floorA squeeze while there’s time to act
Forecast accuracyActual cash against the forecast made four weeks earlier, for the last four weeksA forecast nobody should trust
Cash conversion cycleBy product family, from the tool in chapter 3, updated when a purchase order or terms changeDrift in shelf days or supplier timing
Weeks of coverStock on hand and on order, by product, divided by the average weekly units sold over the last four weeksStock bought for demand that hasn’t come
Slow stockShare of inventory value in products with more than 26 weeks of coverCash that will come back late, or at a markdown
Open commitmentsUnpaid purchase order balances, in dollars and in weeks of current salesOrders placed on a forecast that has since changed
Payout lag and holdsAverage days from sale to bank, and funds held, by processorA new reserve or hold before it becomes a cash hole
Float owedOutstanding gift cards, store credit, prepaid plans and unshipped preorders, against cash on handCustomers’ money being spent as if it were yours
Preorders at riskPreorder units whose promised date is within four weeks and not yet confirmed by the supplierA delay notice you’ll need soon
Repeat share of cashCash from returning customers’ orders over all order cash, last four weeksGrowth that’s becoming more expensive to fund
Financing headroomUndrawn credit available todayHow much room you have if the forecast is wrong

A cash number without its date is a guess about the past.

Two rules for the page

First, no revenue figure appears on it; when revenue sits next to cash, the meeting talks about revenue. Second, every float number sits next to the cash it’s owed from. An $80,000 gift card balance means one thing with $400,000 in the bank and another with $120,000.

Reading it

Read weeks of cover with open commitments: 10 weeks on hand and 30 on order is a problem even if today looks fine. And read forecast accuracy first. If it’s off by more than 10% most weeks, fix the forecast before deciding anything from it.

Do this

This is one chapter of Cash Before Growth, which is free and readable in full on a single page with no form in front of it.