GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Roma Green Finance Ltd (NAS:ROMA) » Definitions » Cash Conversion Cycle

Roma Green Finance (Roma Green Finance) Cash Conversion Cycle : 32.87 (As of Mar. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Roma Green Finance Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Roma Green Finance's Days Sales Outstanding for the six months ended in Mar. 2023 was 43.65.
Roma Green Finance's Days Inventory for the six months ended in Mar. 2023 was 0.
Roma Green Finance's Days Payable for the six months ended in Mar. 2023 was 10.78.
Therefore, Roma Green Finance's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2023 was 32.87.


Roma Green Finance Cash Conversion Cycle Historical Data

The historical data trend for Roma Green Finance's Cash Conversion Cycle can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Roma Green Finance Cash Conversion Cycle Chart

Roma Green Finance Annual Data
Trend Mar21 Mar22 Mar23
Cash Conversion Cycle
27.01 32.66 45.37

Roma Green Finance Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23
Cash Conversion Cycle - 47.38 20.52 27.38 32.87

Competitive Comparison of Roma Green Finance's Cash Conversion Cycle

For the Consulting Services subindustry, Roma Green Finance's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Roma Green Finance's Cash Conversion Cycle Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Roma Green Finance's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Roma Green Finance's Cash Conversion Cycle falls into.



Roma Green Finance Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Roma Green Finance's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=83.11+0-37.74
=45.37

Roma Green Finance's Cash Conversion Cycle for the quarter that ended in Mar. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=43.65+0-10.78
=32.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Roma Green Finance  (NAS:ROMA) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Roma Green Finance Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Roma Green Finance's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


Roma Green Finance (Roma Green Finance) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
8 Fleming Road, Flat 605, 6 Floor, Tai Tung Building, Wanchai, Hong Kong, HKG
Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage and overcome various business matters arising from such factors related to ESG, sustainability and climate change. it provides tailored-made sustainability solutions to meet the client's specific needs. Its mission is to provide its clients with a one-stop destination for high-quality and holistic sustainability and climate change-related consulting services to support a more sustainable, balanced and inclusive future for our clients' organizations and the world.

Roma Green Finance (Roma Green Finance) Headlines

No Headlines