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Sucro (TSXV:SUG) Cash Conversion Cycle : 120.63 (As of Mar. 2024)


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What is Sucro Cash Conversion Cycle?

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

Sucro's Days Sales Outstanding for the three months ended in Mar. 2024 was 41.87.
Sucro's Days Inventory for the three months ended in Mar. 2024 was 116.51.
Sucro's Days Payable for the three months ended in Mar. 2024 was 37.75.
Therefore, Sucro's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 120.63.

Sucro Cash Conversion Cycle Historical Data

The historical data trend for Sucro'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.

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Sucro Cash Conversion Cycle Chart

Sucro Annual Data
Trend Dec21 Dec22 Dec23
Cash Conversion Cycle
166.90 125.65 159.17

Sucro Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash Conversion Cycle Get a 7-Day Free Trial 137.91 - - 12.43 120.63

Competitive Comparison of Sucro's Cash Conversion Cycle

For the Confectioners subindustry, Sucro'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.

Sucro's Cash Conversion Cycle Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sucro's Cash Conversion Cycle distribution charts can be found below:

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


Sucro 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.

Sucro'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
=51.66+149.45-41.94
=159.17

Sucro's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=41.87+116.51-37.75
=120.63

* 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.

Sucro  (TSXV:SUG) 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.

Sucro Cash Conversion Cycle Related Terms

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Sucro (TSXV:SUG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sucro Ltd (TSXV:SUG) » Definitions » Cash Conversion Cycle
Comparable Companies
XCNQ:TYUM XCNQ:VICE MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990 BOM:532670 BOM:500038 BOM:500125 NSA:DSRP IST:ULKER BOM:532356 SZSE:301206 XKRX:280360
Traded in Other Exchanges
N/A
Address
2020 Ponce de Leon Blvd, Suite 1204, Coral Gables, FL, USA, 33134
Website
https://www.sucro.us
Sucro Ltd is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customer. The Company's operations are classified into two reportable business segments which is Trade and Services. The Trade segment is a business focusing on capturing profits through sourcing, merchandising, and managing logistics of sugar. The Company's asset-based services business provides tolling (refining, processing, handling, packaging, and quality assurance), storage, and other services primarily to the Trade segment.

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