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KAMCO Investment Company K.S.C.P (KUW:KAMCO) Cash Conversion Cycle : 21.86 (As of Dec. 2023)


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What is KAMCO Investment Company K.S.C.P Cash Conversion Cycle?

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

KAMCO Investment Company K.S.C.P's Days Sales Outstanding for the three months ended in Dec. 2023 was 21.86.
KAMCO Investment Company K.S.C.P's Days Inventory for the three months ended in Dec. 2023 was 0.
KAMCO Investment Company K.S.C.P's Days Payable for the three months ended in Dec. 2023 was 0.
Therefore, KAMCO Investment Company K.S.C.P's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 21.86.


KAMCO Investment Company K.S.C.P Cash Conversion Cycle Historical Data

The historical data trend for KAMCO Investment Company K.S.C.P'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.

KAMCO Investment Company K.S.C.P Cash Conversion Cycle Chart

KAMCO Investment Company K.S.C.P Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.19 34.18 26.00 29.55 33.49

KAMCO Investment Company K.S.C.P Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 21.42 41.76 30.24 31.51 21.86

Competitive Comparison of KAMCO Investment Company K.S.C.P's Cash Conversion Cycle

For the Asset Management subindustry, KAMCO Investment Company K.S.C.P'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.


KAMCO Investment Company K.S.C.P's Cash Conversion Cycle Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, KAMCO Investment Company K.S.C.P's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where KAMCO Investment Company K.S.C.P's Cash Conversion Cycle falls into.



KAMCO Investment Company K.S.C.P 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.

KAMCO Investment Company K.S.C.P'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
=33.49+0-0
=33.49

KAMCO Investment Company K.S.C.P's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=21.86+0-0
=21.86

* 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.


KAMCO Investment Company K.S.C.P  (KUW:KAMCO) 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.


KAMCO Investment Company K.S.C.P Cash Conversion Cycle Related Terms

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KAMCO Investment Company K.S.C.P (KUW:KAMCO) Business Description

Traded in Other Exchanges
N/A
Address
Khalid Bin Waleed Street, Al-Shaheed Tower, P.O.Box 28873, Sharq, Safat, Kuwait City, KWT, 13149
KAMCO Investment Company K.S.C.P is an investment banking company. Its activities include purchasing and investing in shares or bonds of the companies in real estate, industrial and agricultural sector, managing the funds of public and private institutions, a brokerage in lending and borrowing operations, provision of loans, dealing and trading in the foreign currency market, and undertaking operations related to securities trading such as purchase and sale of shares and bonds of companies. The company's segments include Investment banking and advisory, Asset management, Brokerage, and Strategic investments & corporate overheads. The company makes majority of its revenue from Asset management segment.

KAMCO Investment Company K.S.C.P (KUW:KAMCO) Headlines

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