Chinese term (edited): �ʽ���ת������

When a Chinese says "wait for my capital' to 周转过来, what he really means is when he has excess cash for repaying debts. In accounting, one would have excess cash when one's net cash flow -- in other words, net working capital -- measured by current assets minus current liabilities (in one's balance sheet) is positive. The term we use in financial management is "when my net cash flow (or simply cash flow) or net working capital (or simply working capital) becomes positive". This has nothing to do with one's cumulative profitability, which is indicated by a positive number in one's capital (sometimes called Equity, also called Net Worth), which is really Total Assets minus Total Liabilities. A business may have accumulated a huge amount of losses from previous years, and yet has enough liquidity to repay all debts as they become due. This is why banks or financial institutions are still willing to lend the business money to carry on. Liquidity is the ability to repay, and may not be related to historical profitability at all. See also:
http://www.sideroad.com/Management/effective_management.html

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Note added at 5 hrs 35 mins (2005-05-11 06:43:51 GMT)
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资金周转 = cash flow turnover = working capital turnover
NOT capital turnover