Course 08 of 20 · Coffee Desk Academy

Inventory, Carry & Working Capital

Stage B, Physical execution and the cash cycle. Level 5 of 10.

Funding and measuring the physical position: carry cost, financing lines, stock valuation, and the cash timeline from origin payment to customer receipt.

122 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: Course 05, Course 06, Course 07

Enrol or enquire See the 122 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

11 modules · 122 chapters

Open any module for its full chapter list, in teaching order.

M0 Why a Coffee Book Is a Funded Book Ch 1-10
  1. The Bags Are Yours and the Money Has Gone
  2. The Margin on the Contract and the Balance in the Account
  3. Advance, Afloat, Warehoused, Invoiced
  4. Why Coffee Money Moves With the Crop and Not With the Deal
  5. Cash, Availability and Space in the Shed
  6. What a Lender Sees in a Stack of Green Coffee
  7. What the Contract, the Cooperative and the Documents Already Gave You
  8. Three Seats Around One Funded Lot
  9. The Bag as a Unit of Capital
  10. Which Money Questions Belong to the Hedging and Stress Courses
M1 The Cash Timeline From Origin Payment to Roaster Receipt Ch 11-23
  1. Putting Dates on the Money in a Santos Shipment
  2. The Money That Leaves Before the Harvest Arrives
  3. Paying at Origin Against a Set of Documents
  4. Transit Days You Are Funding: Santos Against Ho Chi Minh City
  5. Duty, Levies and the Cash That Leaves at the Border
  6. Weighing, Sampling and the Approval Nobody Has Given Yet
  7. Stock at the Roaster's Gate That Is Still Yours
  8. Invoice Date, Due Date and the Day the Money Clears
  9. Freight, Insurance and Warehouse Bills on Their Own Clocks
  10. Counting the Funded Days End to End
  11. A Worked Coffee Cash Line, Part One: Advance to Vessel
  12. A Worked Coffee Cash Line, Part Two: Landing to Collection
  13. Why the Second Shipment Is Harder Than the First
M2 Days, Rates and the Cost of Money Per Bag Ch 24-33
  1. Turning Funded Days Into Cents a Pound
  2. Where a Coffee Merchant's Cost of Funds Comes From
  3. Thirty Days From Landing Is Credit You Granted
  4. The Roaster Who Offers to Pay Early
  5. How Long the Bags Sat: Holding Days on a Coffee Book
  6. How Long the Roasters Took: Receivable Ageing
  7. Origin Payable Days Against Roaster Receivable Days
  8. Capital Turned, Not Margin Per Bag
  9. Value Dating a Payment to an Origin Bank
  10. The Funding Line Inside a Differential Quotation
M3 What Carry Costs and Which Way Each Component Runs Ch 34-45
  1. Building a Carry Number for One Antwerp Lot
  2. Financing: The Component That Runs Against the Holder Every Day
  3. Rent, In-Handling and the Charges That Fall Once
  4. Insuring Bags You Cannot See
  5. Moisture Leaving the Bean and Weight Leaving the Invoice
  6. Shipped Weight Final or Outturn Weight Final
  7. New Crop, Past Crop and the Value That Fades
  8. Fumigation, Infestation and the Bag That Must Be Re-Bagged
  9. The Few Components That Run in the Holder's Favour
  10. Carry Per Bag Per Month, Assembled
  11. Reading a Carry Cost Against the Exchange Calendar Spread
  12. Two Carry Numbers for the Same Warehouse Lot
M4 Valuing Coffee Stock Without Mixing the Sources Ch 46-58
  1. Three Things a Stock Line Quietly Confuses
  2. What a Landed Cost Actually Contains
  3. Cost of a Lot Whose Price Is Not Yet Fixed
  4. Which Price, Which Date, Which Source
  5. Marking a Differential Lot Without Double Counting
  6. Lower of Cost and Net Realisable Value
  7. The Broker-Trader Measurement at Fair Value
  8. First In, First Out and the Lot That Is Not Fungible
  9. Commingled Bulk and the Bags Nobody Can Point To
  10. Stock Held on Your Own Risk and Stock Held for a Customer
  11. Revaluing After a Regrade
  12. Three Lots in One Shed, Valued Three Ways
  13. What a Stock Valuation Will Not Tell a Trader
M5 Where the Coffee Sits and What a Lender Can Reach Ch 59-69
  1. Possession, Control and Title Over Bags You Never Touch
  2. What a Warehouse Receipt Actually Proves
  3. Exchange Licensed Warehouses and Why Certification Exists
  4. Certified Stock as a Financing Asset
  5. A Warrant You Can Pledge and a Note You Cannot
  6. The Collateral Manager Standing Between You and the Bags
  7. Attornment and the Instruction Only One Party May Give
  8. Coffee in Bond and the Duty Not Yet Paid
  9. The Bill of Lading as Security While the Coffee Floats
  10. The Pledge That Failed Because the Bags Moved
  11. Counting the Shed Against the Book
M6 The Financing Lines a Coffee Book Runs On Ch 70-82
  1. The Facility Set a Green Coffee Book Needs
  2. A Drawdown Tied to One Container of Robusta
  3. Following the Roaster's Payment Back to the Lender
  4. The Revolving Line Sized by What You Hold Today
  5. The Eligibility Question Asked of Every Lot
  6. Why Afloat, Warehoused and Certified Coffee Fund Differently
  7. What Falls Out of the Collateral Pool
  8. Submitting the Asset Schedule
  9. From Schedule to Availability
  10. A Falling Market Shrinks the Base and Returns Margin Cash
  11. Hedging Required as a Condition of Drawing
  12. Funding the Origin Advance From a Destination Line
  13. Selling Stock and Buying It Back
M7 Margin Cash Inside the Working Capital Cycle Ch 83-91
  1. A Third Demand Beside Stock and Invoices
  2. Cash Lodged Before the Hedge Earns Anything
  3. A Daily Settlement, Not a Cost
  4. Two Clocks That Do Not Line Up
  5. The Margin Line and What It Consumes
  6. Posting Something Other Than Cash
  7. The Origin Purchase Hedged Before It Ships
  8. Putting Tomorrow's Call Into Today's Forecast
  9. Margin Cash as a Line in the Monthly Funding Plan
M8 The Same Measurement Across Different Coffee Businesses Ch 92-101
  1. A Santos Shipment Bought Free On Board
  2. A Robusta Container Into a Soluble Plant
  3. A Colombian Lot Paid For in Local Currency
  4. Buying Through an Origin Auction System
  5. Consignment Stock and the Call-Off That Never Comes
  6. Holding a Specialty Lot Until the Cup Is Approved
  7. The Forward Sale That Funds Itself
  8. A Roaster's Working Capital Looks Different
  9. Two Origins Compared on Capital, Not Price
  10. The Pattern Behind All of Them
M9 Measuring and Controlling the Funded Position Ch 102-112
  1. The Daily Report a Funded Coffee Desk Reads
  2. Bags Owned, Bags Committed, Bags Funded
  3. Three Records of the Same Coffee
  4. Finding the Peak Funding Day of a Crop Year
  5. Forecasting a Crop Year of Money
  6. Headroom Between Need and Availability
  7. Accruing Carry Into the Monthly Result
  8. Charging the Cost to the Lot That Caused It
  9. Return on the Capital a Coffee Book Employs
  10. The Funding Charge Every Quotation Must Carry
  11. Reporting the Funded Position to a Lender
M10 One Funded Coffee Book, End to End Ch 113-122
  1. The Book to Be Funded
  2. Advances and Purchases Committed
  3. The Month Everything Is Afloat
  4. Landing, Storing and Watching the Carry Accrue
  5. Call-Off, Collection and the Line Released
  6. The Result Restated Per Bag
  7. The Same Book With a Late Vessel
  8. The Lot That Will Not Sell
  9. Funding Measures a Position, It Does Not Choose One
  10. The Cash Half of a Position Statement

The brochure gives each of these 122 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 8 of twenty

It stands alone, and it is also the entry point to the Coffee Desk Academy pathway.

Enrol or enquire See the whole pathway