Investing Basics - Feel free to ask the most basic questions

[VijayShetty]

To understand this old comment by Mantri, I am trying to calculate net current assets

@Mantri

Increasing Working Capital requirements - Over the last 5 years, Vakrangee’s net current assets have increased from 55 crs to 750 crs (13.5x increase) while sales have gone up from 295 cr to 1950 cr (6.5x increase).

Based on the sales figures, I figured out that the years he is talking about is 2009 to 2014.

Now from here http://financials.morningstar.com/balance-sheet/bs.html?t=VAKRANGEE&region=ind&culture=en-US&platform=sal

2009
Total current assets: 72.8 crores (divide by 10 morningstar figures - they are in millions)
Total current liabilities: 15.4 crores

Net Current Assets: 72.8 - 15.4 = 57.4 crores (this sort of matches with the 55 crores he mentions)

But

2014

Total current assets: 1167 crores
Total current liabilities: 784.4 crores

Net current assets: 1167 - 784.4 = 382.6 crores.

Now this figure of 382.6 crores doesn’t match with the 750 crores he has written. So what am I missing. Did I calculate something wrong?

I also compared my calculation for multiple years with the “Working Capital” which is there the excel sheet exported from Screener.in & it doesn’t match! So I am doing something wrong here.