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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
China Jo-Jo Drugstores's Days Sales Outstanding for the
six
months ended in Sep. 2023 was 36.71.
China Jo-Jo Drugstores's Days Inventory for the
six
months ended in Sep. 2023 was 50.84.
China Jo-Jo Drugstores's Days Payable for the
six
months ended in Sep. 2023 was 89.43.
Therefore, China Jo-Jo Drugstores's Cash Conversion Cycle (CCC) for the
six
months ended in Sep. 2023 was -1.88.
The historical data trend for China Jo-Jo Drugstores'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.
China Jo-Jo Drugstores Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | -17.58 | -7.98 | -7.26 | -1.10 | 1.18 |
China Jo-Jo Drugstores Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -8.97 | -4.87 | 5.32 | 1.56 | -1.88 |
For the Pharmaceutical Retailers subindustry, China Jo-Jo Drugstores'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.
For the Healthcare Providers & Services industry and Healthcare sector, China Jo-Jo Drugstores's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where China Jo-Jo Drugstores's Cash Conversion Cycle falls into.
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.
China Jo-Jo Drugstores's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 37.82 | + | 49.92 | - | 86.56 | |
= | 1.18 |
China Jo-Jo Drugstores's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 36.71 | + | 50.84 | - | 89.43 | |
= | -1.88 |
* 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.
China Jo-Jo Drugstores (NAS:CJJD) 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.
Thank you for viewing the detailed overview of China Jo-Jo Drugstores's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Wei Hu | officer: Chief Operating Officer | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Pingfan Wu | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Jiangliang He | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY NY 310008 |
Liu Yan | officer: Secretary | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY, ZHEJIANG PROVIN F4 310008 |
Lei Liu | director, 10 percent owner, officer: CEO, Chairman of the Board | ROOM 507-513, 5TH FLOOR,A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011 |
Ming Zhao | director, 10 percent owner, officer: Chief Financial Officer | 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000 |
Caroline Wang | director | HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008 |
Hillhouse Investment Management, Ltd. | 10 percent owner | OFFICE #122, WINDWARD 3 BUILDING, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN E9 KY1-9006 |
Li Lei | director, 10 percent owner, officer: CEO, Chairman of the Board | 511 NE 94TH STREET MIAMI SHORES FL 33138 |
Li Qi | director, 10 percent owner, officer: Secretary | ROOM 507-513, 5TH FLOOR, A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011 |
Zhimin Su | director | 3601B THE CENTER, 989 CHANGLE ROAD SHANGHAI F4 200031 |
Genghua Gu | director | 1ST FLOOR, YUZHENG PLAZA NO.76, YUHUANGSHAN ROAD HANGZHOU, ZHEJIANG PROVINCE F4 310002 |
Taihong Guo | director | 7TH FLOOR, QINGCHUNBAO GROUP NO. 555 XIXI ROAD HANGZHOU F4 310013 |
Tchaikovsky Bennet Price Jr | other: Former Director | 11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025 |
Marc Thomas Serrio | other: Former Director | P.O. BOX 91836 PASADENA CA 91109 |
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