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Sono Group NV (Sono Group NV) Cash Conversion Cycle : 0.00 (As of Jun. 2023)


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What is Sono Group NV Cash Conversion Cycle?

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

Sono Group NV's Days Sales Outstanding for the three months ended in Jun. 2023 was 0.
Sono Group NV's Days Inventory for the three months ended in Jun. 2023 was 0.
Sono Group NV's Days Payable for the three months ended in Jun. 2023 was 0.
Therefore, Sono Group NV's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2023 was 0.00.


Sono Group NV Cash Conversion Cycle Historical Data

The historical data trend for Sono Group NV'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.

Sono Group NV Cash Conversion Cycle Chart

Sono Group NV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Cash Conversion Cycle
- - - -30,339.61 -6,014.97

Sono Group NV Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28,418.15 -5,109.85 -6,053.47 -6,398.41 -

Competitive Comparison of Sono Group NV's Cash Conversion Cycle

For the Auto Manufacturers subindustry, Sono Group NV'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.


Sono Group NV's Cash Conversion Cycle Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sono Group NV's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Sono Group NV's Cash Conversion Cycle falls into.



Sono Group NV 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.

Sono Group NV'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
=36.05+67.56-6118.58
=-6,014.97

Sono Group NV's Cash Conversion Cycle for the quarter that ended in Jun. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+0-0
=0.00

* 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.


Sono Group NV  (OTCPK:SEVCF) 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.


Sono Group NV Cash Conversion Cycle Related Terms

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Sono Group NV (Sono Group NV) Business Description

Traded in Other Exchanges
N/A
Address
Waldmeisterstrasse 76, Munich, DEU, 80935
Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle's bodywork, using energy captured from the sun to charge the vehicle's battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. The company is also involved in process of integrating its solar technology with other manufacturers for different use cases, such as buses, trucks, camper vans, trains, and even boats, to accelerate the transition towards sustainable transportation.

Sono Group NV (Sono Group NV) Headlines