GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Britannia Industries Ltd (BOM:500825) » Definitions » Cash Conversion Cycle

Britannia Industries (BOM:500825) Cash Conversion Cycle : -9.21 (As of Mar. 2024)


View and export this data going back to 1991. Start your Free Trial

What is Britannia Industries Cash Conversion Cycle?

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

Britannia Industries's Days Sales Outstanding for the three months ended in Mar. 2024 was 8.94.
Britannia Industries's Days Inventory for the three months ended in Mar. 2024 was 48.07.
Britannia Industries's Days Payable for the three months ended in Mar. 2024 was 66.22.
Therefore, Britannia Industries's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was -9.21.


Britannia Industries Cash Conversion Cycle Historical Data

The historical data trend for Britannia Industries'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.

Britannia Industries Cash Conversion Cycle Chart

Britannia Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.03 -4.39 4.03 3.54 -5.53

Britannia Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.81 -2.45 9.36 9.77 -9.21

Competitive Comparison of Britannia Industries's Cash Conversion Cycle

For the Packaged Foods subindustry, Britannia Industries'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.


Britannia Industries's Cash Conversion Cycle Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Britannia Industries's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Britannia Industries's Cash Conversion Cycle falls into.



Britannia Industries 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.

Britannia Industries's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=7.97+45.65-59.15
=-5.53

Britannia Industries's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=8.94+48.07-66.22
=-9.21

* 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.


Britannia Industries  (BOM:500825) 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.


Britannia Industries Cash Conversion Cycle Related Terms

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


Britannia Industries (BOM:500825) Business Description

Traded in Other Exchanges
Address
Whitefield Main Road, The Business Precinct, Tower C, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048
Britannia Industries Ltd is an Indian packaged-food company. Its main product categories are: biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the 5050 brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more.

Britannia Industries (BOM:500825) Headlines

No Headlines