Working Capital / base / 1 to 3 months
The overall time from spending cash on delivery to collecting it from clients is lengthening.
The elevated ([redacted]) and high ([redacted]) day thresholds are professional judgment, not an institutional dataset, and are labeled as such in Appendix B, which lists them by constant name. They are numerically equal to the S4 collections DSO thresholds (named in Appendix A) and sit in the same family for a structural reason: for a services firm the cycle is `DSO − DPO`, DSO is the dominant term, and DPO is small relative to it, so a CCC in this range implies a DSO already at or past the collections threshold. They are nonetheless SEPARATE constants, because CCC is a different quantity from DSO. It nets DPO, and for Tracks C and D the inventory leg, against receivables. An inventory-carrying business can breach the CCC threshold at a perfectly healthy DSO. Coupling the two to one constant would mean a future change to a receivables threshold silently moved a cash-cycle threshold.
Exact thresholds, formulas, and severity bands are omitted from this public view. The full methodology, with every figure, is available in the authenticated app.
At current trajectory, working capital requirements grow with revenue. Scaling without improving collections accelerates cash consumption.
The exact thresholds, the formula, and your own figures are in the authenticated app. See it against a real, simulated dataset for Integra Executive Services, our public demo company, or connect your own QuickBooks Online account.