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Cannibble Food Tech (XCNQ:PLCN) Cash Conversion Cycle : 50.69 (As of Jun. 2024)


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What is Cannibble Food Tech Cash Conversion Cycle?

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

Cannibble Food Tech's Days Sales Outstanding for the three months ended in Jun. 2024 was 50.69.
Cannibble Food Tech's Days Inventory for the three months ended in Jun. 2024 was 0.
Cannibble Food Tech's Days Payable for the three months ended in Jun. 2024 was 0.
Therefore, Cannibble Food Tech's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2024 was 50.69.


Cannibble Food Tech Cash Conversion Cycle Historical Data

The historical data trend for Cannibble Food Tech'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.

Cannibble Food Tech Cash Conversion Cycle Chart

Cannibble Food Tech Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
378.23 112.90 210.70 141.67

Cannibble Food Tech Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -259.71 -838.44 -156.43 -916.64 50.69

Competitive Comparison of Cannibble Food Tech's Cash Conversion Cycle

For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.


Cannibble Food Tech's Cash Conversion Cycle Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cannibble Food Tech's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Cannibble Food Tech's Cash Conversion Cycle falls into.



Cannibble Food Tech 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.

Cannibble Food Tech's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=166.4+168.86-193.59
=141.67

Cannibble Food Tech's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=50.69+0-0
=50.69

* 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.


Cannibble Food Tech  (XCNQ:PLCN) 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.


Cannibble Food Tech Cash Conversion Cycle Related Terms

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Cannibble Food Tech Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602
Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech Headlines

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