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Investore Property (NZSE:IPL) Cash Conversion Cycle : -155.54 (As of Mar. 2024)


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What is Investore Property Cash Conversion Cycle?

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

Investore Property's Days Sales Outstanding for the six months ended in Mar. 2024 was 11.69.
Investore Property's Days Inventory for the six months ended in Mar. 2024 was 0.
Investore Property's Days Payable for the six months ended in Mar. 2024 was 167.23.
Therefore, Investore Property's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2024 was -155.54.


Investore Property Cash Conversion Cycle Historical Data

The historical data trend for Investore Property'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.

Investore Property Cash Conversion Cycle Chart

Investore Property Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle
Get a 7-Day Free Trial -13.57 -8.98 -8.90 -6.76 -3.61

Investore Property Semi-Annual Data
Sep16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 -99.89 -54.31 -96.84 -90.67 -155.54

Competitive Comparison of Investore Property's Cash Conversion Cycle

For the REIT - Retail subindustry, Investore Property'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.


Investore Property's Cash Conversion Cycle Distribution in the REITs Industry

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

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



Investore Property 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.

Investore Property's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=3.88+0-7.49
=-3.61

Investore Property'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
=11.69+0-167.23
=-155.54

* 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.


Investore Property  (NZSE:IPL) 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.


Investore Property Cash Conversion Cycle Related Terms

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


Investore Property (NZSE:IPL) Business Description

Traded in Other Exchanges
N/A
Address
34 Shortland Street, Level 12, Auckland, NZL, 1010
Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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