Ai-Media Technologies (Ai-Media Technologies) Cash Conversion Cycle : -385.45 (As of Dec. 2023)

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What is Ai-Media Technologies Cash Conversion Cycle?

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

Ai-Media Technologies's Days Sales Outstanding for the six months ended in Dec. 2023 was 56.07.
Ai-Media Technologies's Days Inventory for the six months ended in Dec. 2023 was 235.01.
Ai-Media Technologies's Days Payable for the six months ended in Dec. 2023 was 676.53.
Therefore, Ai-Media Technologies's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -385.45.

Ai-Media Technologies Cash Conversion Cycle Historical Data

The historical data trend for Ai-Media Technologies'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.

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Ai-Media Technologies Cash Conversion Cycle Chart

Ai-Media Technologies Annual Data

Trend

Jun21

Jun22

Jun23

Cash Conversion Cycle

84.43

64.14

-334.85

Ai-Media Technologies Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial			41.71	29.59	29.76	63.02	-385.45

Competitive Comparison of Ai-Media Technologies's Cash Conversion Cycle

For the Entertainment subindustry, Ai-Media Technologies'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.

Ai-Media Technologies's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ai-Media Technologies's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Ai-Media Technologies's Cash Conversion Cycle falls into.

Ai-Media Technologies 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.

Ai-Media Technologies's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	67.24	+	521.29	-	923.38
	=	-334.85

Ai-Media Technologies'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
	=	56.07	+	235.01	-	676.53
	=	-385.45

Ai-Media Technologies (OTCPK:AINHF) 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.

Ai-Media Technologies Cash Conversion Cycle Related Terms

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Ai-Media Technologies (Ai-Media Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ai-Media Technologies Ltd (OTCPK:AINHF) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

AIM:Australia

Address

103 Miller Street, Level 1, North Sydney, NSW, AUS, 2060

Website

https://www.ai-media.tv

Ai-Media Technologies Ltd is a provider of live and recorded captioning, transcription, subtitles, translation, and speech analytics using a proprietary, cloud-based technology platform. The company has three operating segments based on geographical locations: Australia and New Zealand, North America (which includes Canada and the United States of America), and the Rest of the world (which includes the United Kingdom, Singapore, and Malaysia) and the majority of its revenue generates from North America.