FCINv and WCInv - Corp Finance vs Equity definition, difference, between

Kingpin804

What’s the difference between the definition of WCInv and FCInv between these 2 sections.
Is there a difference?

Walex

The WC for Corp Fi is pretty simple. Normally its just something stated and doesn’t need to be calculated. Its more of you treat it. It’ll say something like ” At the start of the project inventory will be increased by 40k$….(later on) … assume inventory levels will decline after the project. So when you first start a project the initial cash used in year 0 will be increased by 40K and then cash flows will increased at the end of the project when the inventory is no longer needed.

transferpricing

I believe WCInv is the same for both Corp Fi and Equity. Corp Fi also uses NWC
WCInv = (total current assets - cash & equiv) - (total current - LT Current Portion - Notes Pay)
NWC is simply the change in WCinv between non-cash current assets and non-debt current liabilities.
I’ll have to circle back for FCInv