NWG // 2020
Capital tied up
Capital tied up in stock decreased by SEK 305.8 million and amounted to SEK 3,485.4 ( 3,791.2 ) million . The decrease is related to lower merchandise purchases and an adjustment to the lower net sales . Inventory turnover rate is in line with the previous year and amounted to 1.0 ( 1.0 ) times .
SEK million
The total provision for obsolescence amounted to SEK 149.7 ( 141.5 ) million and the provision in relation to finished goods amounted to 4.3 ( 3.8 )%.
Accounts receivable amounted to SEK 1,018.1 ( 1,164.3 ) million , where the decrease is mainly related to the lower net sales .
30 Sep 2020
30 Sep 2019
Raw materials |
38.4 |
52.2 |
Work in progress |
7.3 |
12.9 |
Goods in transit 100.9 189.3 Finished goods 3 338.8 3 536.8 Total 3 485.4 3 791.2
Investments , financing and liquidity
Cash flow from operating activities for the quarter improved by SEK 414.3 million and amounted to SEK 283.2 ( -131.1 ) million . The improved cash flow is mainly attributable to lower merchandise purchases . Cash flow from investing activities amounted to SEK -8.6 ( -32.6 ) million .
For the first nine months of the year , cash flow from operating activities amounted to SEK 649.1 million , which was SEK 836.4 million better than the previous year ( SEK -187.3 million ). The higher cash flow is mainly related to lower merchandise purchases , but also a reduction of current receivables .
As of September 30 , the Group ’ s total credit limit was SEK 3,133.2 million , of which SEK 2,150 million runs through March 2022 , USD 19.7 million through January 2024 and SEK 306.3 million has maturities extending until August 2027 . The remaining SEK 500.0 million has a maturity of between three months and six years . The credit limit is limited in amount to and dependent on the value of certain underlying assets .
11 // Q3