Inmet Mining (FRA:MMC) Cash Conversion Cycle : 69.04 (As of Dec. 2012)

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

What is Inmet Mining Cash Conversion Cycle?

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

Inmet Mining's Days Sales Outstanding for the three months ended in Dec. 2012 was 0.
Inmet Mining's Days Inventory for the three months ended in Dec. 2012 was 69.04.
Inmet Mining's Days Payable for the three months ended in Dec. 2012 was 0.
Therefore, Inmet Mining's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2012 was 69.04.

Inmet Mining Cash Conversion Cycle Historical Data

The historical data trend for Inmet Mining'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.

Inmet Mining Cash Conversion Cycle Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Cash Conversion Cycle

Get a 7-Day Free Trial

46.71

57.15

53.26

56.67

71.65

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Cash Conversion Cycle	Get a 7-Day Free Trial															49.44	70.23	69.29	66.97	69.04

Competitive Comparison of Inmet Mining's Cash Conversion Cycle

For the Other Industrial Metals & Mining subindustry, Inmet Mining'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.

Inmet Mining's Cash Conversion Cycle Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Inmet Mining's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Inmet Mining's Cash Conversion Cycle falls into.

Inmet Mining 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.

Inmet Mining's Cash Conversion Cycle for the fiscal year that ended in Dec. 2012 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	71.65	-	0
	=	71.65

Inmet Mining's Cash Conversion Cycle for the quarter that ended in Dec. 2012 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	69.04	-	0
	=	69.04

Inmet Mining (FRA:MMC) 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.

Inmet Mining Cash Conversion Cycle Related Terms

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

Inmet Mining (FRA:MMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inmet Mining Corporation (FRA:MMC) » Definitions » Cash Conversion Cycle

Traded in Other Exchanges

N/A

Address

Website

Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.