GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Hartford Corp (OTCPK:FHRT) » Definitions » Cash Conversion Cycle

First Hartford (First Hartford) Cash Conversion Cycle : 53.67 (As of Apr. 2018)


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

What is First Hartford Cash Conversion Cycle?

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

First Hartford's Days Sales Outstanding for the six months ended in Apr. 2018 was 14.39.
First Hartford's Days Inventory for the six months ended in Apr. 2018 was 58.57.
First Hartford's Days Payable for the six months ended in Apr. 2018 was 19.29.
Therefore, First Hartford's Cash Conversion Cycle (CCC) for the six months ended in Apr. 2018 was 53.67.


First Hartford Cash Conversion Cycle Historical Data

The historical data trend for First Hartford'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.

First Hartford Cash Conversion Cycle Chart

First Hartford Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.29 4.53 61.75 87.67 53.67

First Hartford Semi-Annual Data
Apr99 Apr00 Apr01 Apr02 Apr03 Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
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 16.29 4.53 61.75 87.67 53.67

Competitive Comparison of First Hartford's Cash Conversion Cycle

For the Real Estate - Development subindustry, First Hartford'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.


First Hartford's Cash Conversion Cycle Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Hartford's Cash Conversion Cycle distribution charts can be found below:

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



First Hartford 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.

First Hartford's Cash Conversion Cycle for the fiscal year that ended in Apr. 2018 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=14.39+58.57-19.29
=53.67

First Hartford's Cash Conversion Cycle for the quarter that ended in Apr. 2018 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=14.39+58.57-19.29
=53.67

* 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.


First Hartford  (OTCPK:FHRT) 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.


First Hartford Cash Conversion Cycle Related Terms

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


First Hartford (First Hartford) Business Description

Traded in Other Exchanges
N/A
Address
149 Colonial Road, Manchester, CT, USA, 06042
First Hartford Corp is a real estate company. The company is engaged in the purchase, development, ownership, management, and sale of real estate. The company is engaged in two business segments namely Real Estate Operations and Fee for Service. The company generates maximum revenue from the Real Estate Operations segment.
Executives
Neil H Ellis director, 10 percent owner, officer: President PO BOX 1270 149 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270
Barbara K Filippelli 10 percent owner 23 LAKEVIEW DR, PAWLING NY 12564
John Filippelli 10 percent owner 23 LAKEVIEW DRIVE, PAWLING NY 12564
Stuart I Greenwald director, officer: Secretary/Treasurer PO BOX 1270 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270
Daniel B Harding director, officer: Vice President PO BOX 1270 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270

First Hartford (First Hartford) Headlines

No Headlines