The output value of manufacturing industry is 320 million yuan a year. How much working capital does the enterprise need to invest?

If it takes one year from production to sales, it will cost about 320 million yuan. If it takes one month from production to sales, it will cost 320 million yuan/12 months.

The capital circulation process of manufacturing enterprises is as follows:

1. Procurement process: monetary funds are converted into raw materials;

2. Production process: raw materials are converted into semi-finished products, and then gradually processed into inventory goods;

3. Sales process: converting inventory goods into monetary funds.