Best Private Bank in Australia

Credit Suisse was named the best private bank in Australia by Asian Private Banker. In addition, Asian Private Banker has named Credit Suisse as the “Best Private Bank – Family Office Services” and “Best Private Bank – Philanthropic Services” in its inaugural annual “Asian Private Banker Awards for Distinction”.

In the Euromoney Private Banking Survey 2012, Credit Suisse was named the Best Private Bank globally and has also once again received numerous regional and country awards as the best private bank, including in Australia, Switzerland, the United Arab Emirates, UK, etc.

In Australia, Credit Suisse also won the award for outstanding services to ultra-high-net-worth clients with assets of USD 30 million or more in the Australian Private Banking Awards 2011.

In 2010, Credit Suisse was named the “World's Best Private Bank” by Global Finance magazine for the third consecutive year.

Working Capital to Sales Ratio

Working Capital to Sales Ratio is the ratio of net working capital (current assets minus current liabilities) to sales.

Formula:
Working Capital to Sales Ratio = (Net Working Capital / Sales) * 100%
Or = ((Current Assets – Current Liabilities) / Sales) * 100%

Example:
The following information relates to JKL Ltd:
Stock $30,000
Debtors $20,000
Bank $50,000
Cash $10,000
Creditors $25,000
Accrued expenses $5,000
Notes payable $2,000
Sales $200,000

Then,
Total currents assets = Stock + Debtors + Bank + Cash = 30,000 + 20,000 + 50,000 + 10,000 = $110,000
Total current liabilities = Creditors + Accrued expenses + Notes payable = 25,000 + 5,000 + 2,000 = $32,000
Net Working Capital = Currents assets - Current liabilities = 110,000 - 32,000 = $78,000
Working Capital to Sales Ratio = (78,000 / 200,000) * 100% = 39%

* Next: How to Calculate Working Capital

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