On choosing a caleg

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One of the great things about democracy is that citizens get the opportunity to vote for the legislators who will represent them in parliament.  But with so many political parties in Indonesia, there are a huge number of candidates (caleg) to choose from.  So how can a political party select a caleg who stands out from the crowd and who resonates with voters?  By selecting a celebrity as a caleg of course!  To some this may be seen as a rather desperate move but some voters (particularly men) may be more likely to vote for an attractive actress rather than some boring old man they have never heard of. Celebrity caleg in the coming election include Krisdayanti , Diana Sastra, Tamara Geraldine, Kalina Oktarani, Desy Ratnasari, Rachel Maryam, Annisa Bahar, Nafa Urbach, Mulan Jameela and Lula Kamal.  Quite simply, take your pick!  

Working capital days definition



This is a very good way to measure how much money (i.e. capital) a company has tied up in capital.

The definition is:

average working capital / annual revenues


What you get is a number which shows how many days it takes for the company to convert its working capital into revenues.

The faster a company does this, the better.

This measure is especially useful when looking at companies which spend a lot on capex, most notably construction companies.

If, for example, it takes 200 days for a construction company to convert its working capital into revenues, that indicates that their could be very significant exposure to interest costs as the working capital may have to be financed by borrowings (such as costly bank loans). 

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