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Indigenous Bloom Hemp (Indigenous Bloom Hemp) Cash Conversion Cycle : 0.00 (As of Feb. 2023)


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What is Indigenous Bloom Hemp Cash Conversion Cycle?

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

Indigenous Bloom Hemp's Days Sales Outstanding for the three months ended in Feb. 2023 was .
Indigenous Bloom Hemp's Days Inventory for the three months ended in Feb. 2023 was 0.
Indigenous Bloom Hemp's Days Payable for the three months ended in Feb. 2023 was 0.
Therefore, Indigenous Bloom Hemp's Cash Conversion Cycle (CCC) for the three months ended in Feb. 2023 was 0.00.


Indigenous Bloom Hemp Cash Conversion Cycle Historical Data

The historical data trend for Indigenous Bloom Hemp'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.

Indigenous Bloom Hemp Cash Conversion Cycle Chart

Indigenous Bloom Hemp Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 May22
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only - - - - -1,085.67

Indigenous Bloom Hemp Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Nov21 Feb22 May22 Aug22 Feb23
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 13,174.22 2,890.97 -56.93 -26,553.75 -

Competitive Comparison of Indigenous Bloom Hemp's Cash Conversion Cycle

For the Drug Manufacturers - Specialty & Generic subindustry, Indigenous Bloom Hemp'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.


Indigenous Bloom Hemp's Cash Conversion Cycle Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Indigenous Bloom Hemp's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Indigenous Bloom Hemp's Cash Conversion Cycle falls into.



Indigenous Bloom Hemp 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.

Indigenous Bloom Hemp's Cash Conversion Cycle for the fiscal year that ended in May. 2022 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=+500.88-1586.55
=-1,085.67

Indigenous Bloom Hemp's Cash Conversion Cycle for the quarter that ended in Feb. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=+0-0
=0.00

* 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.


Indigenous Bloom Hemp  (OTCPK:VRTHF) 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.


Indigenous Bloom Hemp Cash Conversion Cycle Related Terms

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Indigenous Bloom Hemp (Indigenous Bloom Hemp) Business Description

Traded in Other Exchanges
N/A
Address
3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7
Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts. It is engaged in the farming and cultivation of hemp biomass for third-party processing to extract cannabidiol (CBD) oils, distillate or isolate. The resulting solution can then be used for the production of many CBD products.