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Fesh Fash Snack Food Production Co (SAU:9515) Cash Conversion Cycle : 83.97 (As of Dec. 2023)


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What is Fesh Fash Snack Food Production Co Cash Conversion Cycle?

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

Fesh Fash Snack Food Production Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 55.59.
Fesh Fash Snack Food Production Co's Days Inventory for the six months ended in Dec. 2023 was 98.22.
Fesh Fash Snack Food Production Co's Days Payable for the six months ended in Dec. 2023 was 69.84.
Therefore, Fesh Fash Snack Food Production Co's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 83.97.


Fesh Fash Snack Food Production Co Cash Conversion Cycle Historical Data

The historical data trend for Fesh Fash Snack Food Production Co'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.

Fesh Fash Snack Food Production Co Cash Conversion Cycle Chart

Fesh Fash Snack Food Production Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial 87.00 80.28 95.66 85.28 78.16

Fesh Fash Snack Food Production Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.15 80.43 71.64 75.46 83.97

Competitive Comparison of Fesh Fash Snack Food Production Co's Cash Conversion Cycle

For the Packaged Foods subindustry, Fesh Fash Snack Food Production Co'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.


Fesh Fash Snack Food Production Co's Cash Conversion Cycle Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fesh Fash Snack Food Production Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Fesh Fash Snack Food Production Co's Cash Conversion Cycle falls into.



Fesh Fash Snack Food Production Co 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.

Fesh Fash Snack Food Production Co's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=50.83+87.53-60.2
=78.16

Fesh Fash Snack Food Production Co's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=55.59+98.22-69.84
=83.97

* 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.


Fesh Fash Snack Food Production Co  (SAU:9515) 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.


Fesh Fash Snack Food Production Co Cash Conversion Cycle Related Terms

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Fesh Fash Snack Food Production Co (SAU:9515) Business Description

Traded in Other Exchanges
N/A
Address
Al-Kharj Road 90621, New Industrial Area, Riyadh, SAU, 11623
Fesh Fash Snack Food Production Co is engaged in the manufacture of food products manufactured from potatoes, including potato chips, and the manufacture of cereal breakfast foods in the form of chips including corn flakes, chips, etc.

Fesh Fash Snack Food Production Co (SAU:9515) Headlines

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