wizofoz

PPE - is a nominal value you carry on your balance sheet better? or is the current market value better? That will help tell you why the real terms (which is more related to current market values, rather than historical outdated values) is better.

Not sure the statement about WCInv is right.
I think WCInv is also in Real terms. Think about 2 periods where no change in WC occurs - for both periods it is 100$. But because of inflation change between periods - you would have a real WCInv.

CP