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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Cosmos Health's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 174.9.
Cosmos Health's Days Inventory for the
three
months ended in Sep. 2023 was 42.28.
Cosmos Health's Days Payable for the
three
months ended in Sep. 2023 was 95.42.
Therefore, Cosmos Health's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 121.76.
The historical data trend for Cosmos Health'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.
Cosmos Health Annual Data | |||||||||||||||||||||
Trend | Jul13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 22.13 | 20.11 | 51.43 | 94.75 | 106.80 |
Cosmos Health Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 128.60 | 119.35 | 107.11 | 116.56 | 121.76 |
For the Medical Distribution subindustry, Cosmos Health'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 Medical Distribution industry and Healthcare sector, Cosmos Health's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Cosmos Health'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.
Cosmos Health's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 178.53 | + | 27.13 | - | 98.86 | |
= | 106.80 |
Cosmos Health'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 |
= | 174.9 | + | 42.28 | - | 95.42 | |
= | 121.76 |
* 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.
Cosmos Health (NAS:COSM) 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 Cosmos Health's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Grigorios Siokas | 10 percent owner | 5 AG. GEORGIOU STR., PILEA, THESSALONIKI J3 TK57001 |
Suhel Bhutawala | director | 141 WEST JACKSON BOULEVARD, SUITE 4236, CHICAGO IL 60604 |
Nikolaos Bardakis | officer: Chief Operating Officer | 141 WEST JACKSON BOULEVARD, SUITE 4236, CHICAGO IL 60604 |
Manfred Ziegler | director | 141 WEST JACKSON BOULEVARD, SUITE 4236, CHICAGO IL 60604 |
Anastasios Aslidis | director | 11 CANTERBURY LANE, WATCHUNG NJ 07069 |
Pavlos Ignatiades | officer: Chief Operating Officer | KALAPATHAKI 5, PANORAMA, THESSALONIKI J3 55236 |
Georgios Terzis | officer: Chief Financial Officer | 2 MELITOS STR., NEA SMIRNI, ATTICA J3 17121 |
Peter Goldstein | director | 151 NORTH NOB HILL ROAD SUITE 321, FORT LAUDERDALE FL 33324 |
John James Hoidas | director | 9301 S. HARLEM AVENUE, OAK LAWN, CHICAGO IL 60453 |
Dimitrios Goulielmos | director, 10 percent owner, officer: CEO | 141 WEST JACKSON BLVD, SUITE 4236, CHICAGO IL 60604 |
Panagiotis Tolis | director, officer: Secretary | PERICLEOUS 50 STREET, ATHENS J3 15232 |
Panagiotis Drakopoulos | director, 10 percent owner, officer: CEO | 200 SOUTH WACKER DRIVE, SUITE 300, CHICAGO IL 60606 |
Vasileios Mavrogiannis | director, 10 percent owner, officer: CFO | TERTSETI 23 STREET, KESARIANI J3 16122 |
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