Chico's FAS's Days Sales Outstanding for the
three
months ended in Oct. 2023 was 0.
Chico's FAS's Days Inventory for the
three
months ended in Oct. 2023 was 95.02.
Chico's FAS's Days Payable for the
three
months ended in Oct. 2023 was 45.26.
Therefore, Chico's FAS's Cash Conversion Cycle (CCC) for the
three
months ended in Oct. 2023 was 49.76.
Chico's FAS Cash Conversion Cycle Historical Data
The historical data trend for Chico's FAS'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.
Competitive Comparison of Chico's FAS's Cash Conversion Cycle
For the Apparel Retail subindustry, Chico's FAS'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.
Chico's FAS's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chico's FAS's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Chico's FAS's Cash Conversion Cycle falls into.
Chico's FAS 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.
Chico's FAS's Cash Conversion Cycle for the fiscal year that ended in Jan. 2023 is calculated as
* 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.
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.
Chico's FAS Cash Conversion Cycle Related Terms
Thank you for viewing the detailed overview of Chico's FAS's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Chico's FAS Inc is an apparel retailer with a portfolio of private-label brands that sell women's clothing and accessories. Brands include Chico's, White House/Black Market, and Soma Intimates. The majority of revenue is derived from Chico's brand. The brands generally target the needs of fashion-savvy women with moderate-to-high household income levels. It sells directly to the consumer through its retail stores, websites, and telephone call centers. The company sources the majority of its product from foreign manufacturers and distributes all products from its distribution center in Georgia.
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