Working capital components are the aspects of a business that help to improve cash flow and ensure its financial security. This includes any current assets, such as inventory and accounts receivable, and current liabilities, like accounts payable or loans. The goal is to properly manage these components in order to allow a business to maintain liquidity and manage its finances effectively over time. A carefully managed working capital component plan can help a business keep both its short-term and long-term operations running smoothly, ensuring ongoing success.