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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Cat9 Group's Days Sales Outstanding for the
three
months ended in Sep. 2021 was 19.59.
Cat9 Group's Days Inventory for the
three
months ended in Sep. 2021 was 303.56.
Cat9 Group's Days Payable for the
three
months ended in Sep. 2021 was 621.11.
Therefore, Cat9 Group's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2021 was -297.96.
The historical data trend for Cat9 Group'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.
Cat9 Group Annual Data | |||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | -67.97 | -122.15 | -37.41 | -32.81 | -149.41 |
Cat9 Group Quarterly Data | |||||||||||||||||||
Dec15 | Dec16 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -367.85 | 14.87 | -194.96 | -67.62 | -297.96 |
For the Farm Products subindustry, Cat9 Group'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cat9 Group's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Cat9 Group's Cash Conversion Cycle falls into.
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.
Cat9 Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2020 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 51.08 | + | 139.32 | - | 339.81 | |
= | -149.41 |
Cat9 Group's Cash Conversion Cycle for the quarter that ended in Sep. 2021 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 19.59 | + | 303.56 | - | 621.11 | |
= | -297.96 |
* 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.
Cat9 Group (OTCPK:CATN) 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.
Thank you for viewing the detailed overview of Cat9 Group's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Liangqin Yi | 10 percent owner, officer: CFO and Secretary | 3-2-1404, CHANGCHENG NANYUAN, NO. 319, TIANHE WEST 2ND STREET, HI-TECH ZONE CHENGDU CITY, SICHUAN PROVINCE F4 610000 |
Wenfa Simon Sun | director, 10 percent owner, officer: President, CEO & Chairman | ROOM 2001, DADING CENTURY SQUARE NO. 387 TIANREN ROAD, WUHOU DISTRICT CHENGDU F4 610000 |
Qian Sanya Meihong | 10 percent owner, officer: CFO and Secretary | CHONGQING BANAN DISTRICT YUDONG YINGDAN PLAZA 63-3 CHONGQING F4 401320 |
Suyun Cao | officer: CFO and Secretary | ROOM 2001, DADING CENTURY SQUARE, NO. 38 TIANREN ROAD, WUHOU DISTRICT, CHENGDU SICHUAN PROVINCE F4 610000 |
Guofu Industry Development Ltd | 10 percent owner | 12/F SAN TOI BUILDING 137-139 CONNAUGHT ROAD CENTRAL HONG KONG K3 999077 |
Richard Chiang | other: Previous Officer and Director | 460 BRANNAN STREET SUITE 78064, SAN FRANCISCO CA 94107 |
Chongqing Field Industrial Co Ltd. | 10 percent owner | CHONGQING BANAN DISTRICT YUDONG YINGDAN PLAZA 63-3 CHONGQING F4 401320 |
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