What is operating profit before working

what is operating profit before working capital changes
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Quick Summary
Operating profit before working capital changes is a key figure used in cash flow calculations. It represents profit before accounting for fluctuations in inventory, receivables, and payables. This metric is crucial for the indirect method of presenting cash flow from operating activities, forming the initial part of the reconciliation before specific working capital adjustments are made.

This is used in cashflows calculations if I rememeber. This means, before calculating operating profits, working capital changes will be included in this year (old value - new value)

If you are talking about cashflow statement, PBT is reconciled in the indirect method where no inventory, receivables, payables working capital changes are included. That means it is on the top heading reconciled with interest, tax payable and depreciation/amortisation charges etc. Till here it is called a Profit before working capital changes. Once you reconcile receivables, payables, inventory, it is called as net cashflows from operating activities (after working capital changes) Let me know if you need the cashflow format. 

Cash flow from operating activities to be calculated.
You may consider PBT

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