Bagger in the Making, page-282

Gassed, you're right around Dom's comments. While in a steady state that would be true regarding cash flowing in from increased sales, many businesses with strong topline growth and relatively long debtor days (such as 90 days in this case) will find that they have a large amount of cash tied up in their debtors book and cashflow can infact be a struggle. I know Dom and Christina were conscious of this very early on and were looking at their options to ensure this didn't cause cashflow problems for the business. The great advantage the business has is its strong margins, which help offset some of the impact of the long debtors cycle.