GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Syngenta AG (NYSE:SYT) » Definitions » Cash Conversion Cycle

Syngenta AG (Syngenta AG) Cash Conversion Cycle : 163.79 (As of Dec. 2018)


View and export this data going back to 1993. Start your Free Trial

What is Syngenta AG Cash Conversion Cycle?

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

Syngenta AG's Days Sales Outstanding for the six months ended in Dec. 2018 was 143.54.
Syngenta AG's Days Inventory for the six months ended in Dec. 2018 was 216.65.
Syngenta AG's Days Payable for the six months ended in Dec. 2018 was 196.4.
Therefore, Syngenta AG's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2018 was 163.79.


Syngenta AG Cash Conversion Cycle Historical Data

The historical data trend for Syngenta AG'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.

Syngenta AG Cash Conversion Cycle Chart

Syngenta AG Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 156.27 169.29 168.05 167.98 156.56

Syngenta AG Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 190.42 156.99 195.10 147.40 163.79

Competitive Comparison of Syngenta AG's Cash Conversion Cycle

For the Agricultural Inputs subindustry, Syngenta AG'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.


Syngenta AG's Cash Conversion Cycle Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Syngenta AG's Cash Conversion Cycle distribution charts can be found below:

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



Syngenta AG 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.

Syngenta AG's Cash Conversion Cycle for the fiscal year that ended in Dec. 2018 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=114.51+212-169.95
=156.56

Syngenta AG's Cash Conversion Cycle for the quarter that ended in Dec. 2018 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=143.54+216.65-196.4
=163.79

* 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.


Syngenta AG  (NYSE:SYT) 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.


Syngenta AG Cash Conversion Cycle Related Terms

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


Syngenta AG (Syngenta AG) Business Description

Traded in Other Exchanges
N/A
Address
Schwarzwaldalle 215, Basel, CHE, 4058
Formed in 2000 from spin-offs of Novartis' crop-protection and seeds business and AstraZeneca's agrochemical business, Syngenta is a global producer of crop chemicals and seeds. The Swiss company is a leading manufacturer of crop-protection products, making multiple herbicides, insecticides, and fungicides used on a wide variety of crops. Syngenta's seeds business trails rivals, but the company is investing heavily in research and development in an effort to close the technology gap in genetically modified seeds.