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Above Food Ingredients's Days Sales Outstanding for the
six
months ended in Jul. 2024 was 36.25.
Above Food Ingredients's Days Inventory for the
six
months ended in Jul. 2024 was 34.2.
Above Food Ingredients's Days Payable for the
six
months ended in Jul. 2024 was 102.43.
Therefore, Above Food Ingredients's Cash Conversion Cycle (CCC) for the
six
months ended in Jul. 2024 was -31.98.
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.
Above Food Ingredients Cash Conversion Cycle Related Terms
Above Food Ingredients Cash Conversion Cycle Historical Data
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The historical data trend for Above Food Ingredients'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.
ABVEF vs CTGL, NATR, BHST: Cash Conversion Cycle Comparison
For the Packaged Foods subindustry, Above Food Ingredients'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.
Above Food Ingredients Cash Conversion Cycle vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Above Food Ingredients's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Above Food Ingredients'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.
Above Food Ingredients's Cash Conversion Cycle for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
Above Food Ingredients (ABVEF) has a Cash Conversion Cycle of -31.98 as of Jul. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Above Food Ingredients and its competitors.
Is Above Food Ingredients' Cash Conversion Cycle too high?
Above Food Ingredients' current Cash Conversion Cycle is -31.98. Overall, Above Food Ingredients has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Above Food Ingredients' Cash Conversion Cycle compare to CTGL and NATR?
Above Food Ingredients' Cash Conversion Cycle of -31.98 can be compared against companies in the Consumer Packaged Goods industry. The industry median Cash Conversion Cycle is 75.77. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Consumer Packaged Goods company?
The median Cash Conversion Cycle among Consumer Packaged Goods companies is 75.77, based on 1,952 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Above Food Ingredients and its competitors. For the Consumer Packaged Goods industry, the median Cash Conversion Cycle is 75.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Above Food Ingredients's current Cash Conversion Cycle is -31.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Above Food Ingredients stock overvalued right now?
Above Food Ingredients (ABVEF) has a current Cash Conversion Cycle of -31.98. The current Cash Conversion Cycle is -31.98. Above Food Ingredients' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Above Food Ingredients (ABVEF), the current Cash Conversion Cycle is -31.98 as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.
16GF Score
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