Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Yes, will hit A/R until payment is received by Elite, which then hits cash. If Prasco pays by check, there is a couple more days of check float too that favors the payor.

Then we buy API/IPI on credit, which hits our A/P until payment terms and then pay cash when payment is due, which is probably net 30, but just a guess. Swings both ways. It’s what’s called the cash conversion cycle.