With my limited knowledge I am humbly sharing my views in context of Axtel Suppose you are running a small firm do you conserve money or spend money in this current scenario . In history during the Economic downtime the most of the companies either stop the CAPEX or postpone the same even if they implement they stretch the time frame for the money payments to the vendors . This is first cut they do in order to control the expense and they put emphasis to run the capacities with minimum resources it can be lower manpower . Raw material cost become more dearer . In order to offset the cost of production most of the companies want to invest in the raw material first and put more effort to improve the cash conversion cycle .
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