Rompetrol Rafinare S.A. (BSE:RRC) Cash Conversion Cycle : -36.52 (As of Sep. 2023)

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What is Rompetrol Rafinare S.A. Cash Conversion Cycle?

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

Rompetrol Rafinare S.A.'s Days Sales Outstanding for the three months ended in Sep. 2023 was 16.86.
Rompetrol Rafinare S.A.'s Days Inventory for the three months ended in Sep. 2023 was 40.26.
Rompetrol Rafinare S.A.'s Days Payable for the three months ended in Sep. 2023 was 93.64.
Therefore, Rompetrol Rafinare S.A.'s Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was -36.52.

Rompetrol Rafinare S.A. Cash Conversion Cycle Historical Data

The historical data trend for Rompetrol Rafinare S.A.'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.

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Rompetrol Rafinare S.A. Cash Conversion Cycle Chart

Rompetrol Rafinare S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Conversion Cycle

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-27.33

-29.36

-48.67

-48.61

-29.65

Rompetrol Rafinare S.A. Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash Conversion Cycle	Get a 7-Day Free Trial															-20.49	-20.90	-23.77	-24.53	-36.52

Competitive Comparison of Rompetrol Rafinare S.A.'s Cash Conversion Cycle

For the Oil & Gas Refining & Marketing subindustry, Rompetrol Rafinare S.A.'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.

Rompetrol Rafinare S.A.'s Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rompetrol Rafinare S.A.'s Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Rompetrol Rafinare S.A.'s Cash Conversion Cycle falls into.

Rompetrol Rafinare S.A. 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.

Rompetrol Rafinare S.A.'s Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	13.22	+	25.16	-	68.03
	=	-29.65

Rompetrol Rafinare S.A.'s Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	16.86	+	40.26	-	93.64
	=	-36.52

Rompetrol Rafinare S.A. (BSE:RRC) 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.

Rompetrol Rafinare S.A. Cash Conversion Cycle Related Terms

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Rompetrol Rafinare S.A. (BSE:RRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rompetrol Rafinare S.A. (BSE:RRC) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

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Address

Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website

http://www.rompetrol-rafinare.ro

Rompetrol Rafinare S.A. is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.