Textile And Garment Industry: The Problem Of Cash Flow Is Becoming More And More Serious.
In the first half of the year, the growth rate of textile and garment industry slowed down, but still higher than the average level of the industry. The problem of cash flow is becoming more and more serious.
The proportion of garment industry's income and profits in the industry has increased year by year, and maintained a rapid growth in the first half of this year, but the profit growth rate slowed down. Profitability is higher than the industry average, but accounts receivable turnover and inventory turnover are relatively low.
The textile industry's operating income has decreased slightly, and its profit growth has been equivalent to that of last year. Accounts receivable turnover and inventory turnover rate are higher than that in garment industry.
The industry valuation is relatively reasonable. We are optimistic about the future growth of domestic sales enterprises. We should pay more attention to companies with better brand returns and higher asset turnover ratios.
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