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Future Farm Technologies (XCNQ:FFT) Cash Conversion Cycle : -43.98 (As of Nov. 2019)


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What is Future Farm Technologies Cash Conversion Cycle?

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

Future Farm Technologies's Days Sales Outstanding for the three months ended in Nov. 2019 was 21.15.
Future Farm Technologies's Days Inventory for the three months ended in Nov. 2019 was 105.43.
Future Farm Technologies's Days Payable for the three months ended in Nov. 2019 was 170.56.
Therefore, Future Farm Technologies's Cash Conversion Cycle (CCC) for the three months ended in Nov. 2019 was -43.98.


Future Farm Technologies Cash Conversion Cycle Historical Data

The historical data trend for Future Farm Technologies'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.

Future Farm Technologies Cash Conversion Cycle Chart

Future Farm Technologies Annual Data
Trend Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -1,581.66 -460.78 -418.80 32.60

Future Farm Technologies Quarterly Data
Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19
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 -43.26 150.20 24.94 171.27 -43.98

Competitive Comparison of Future Farm Technologies's Cash Conversion Cycle

For the Farm Products subindustry, Future Farm Technologies'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.


Future Farm Technologies's Cash Conversion Cycle Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Future Farm Technologies's Cash Conversion Cycle falls into.



Future Farm Technologies 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.

Future Farm Technologies's Cash Conversion Cycle for the fiscal year that ended in Feb. 2019 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=60.03+182.81-210.24
=32.60

Future Farm Technologies's Cash Conversion Cycle for the quarter that ended in Nov. 2019 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=21.15+105.43-170.56
=-43.98

* 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.


Future Farm Technologies  (XCNQ:FFT) 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.


Future Farm Technologies Cash Conversion Cycle Related Terms

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Future Farm Technologies (XCNQ:FFT) Business Description

Traded in Other Exchanges
N/A
Address
543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8
Future Farm Technologies Inc is an indoor plant growth technology company. It operates through the following segments: Indoor plant growth technology specializing in LED lighting and vertical farming solutions; and the operation of an ornamental plant greenhouse. The firm generates majority revenue from Nursery plants.

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