GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aquarius Platinum Ltd (OTCPK:AQPTY) » Definitions » Cash Conversion Cycle

Aquarius Platinum (Aquarius Platinum) Cash Conversion Cycle : 44.27 (As of Dec. 2015)


View and export this data going back to . Start your Free Trial

What is Aquarius Platinum Cash Conversion Cycle?

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

Aquarius Platinum's Days Sales Outstanding for the six months ended in Dec. 2015 was 58.39.
Aquarius Platinum's Days Inventory for the six months ended in Dec. 2015 was 16.93.
Aquarius Platinum's Days Payable for the six months ended in Dec. 2015 was 31.05.
Therefore, Aquarius Platinum's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2015 was 44.27.


Aquarius Platinum Cash Conversion Cycle Historical Data

The historical data trend for Aquarius Platinum'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.

Aquarius Platinum Cash Conversion Cycle Chart

Aquarius Platinum Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.05 63.47 50.02 47.00 37.77

Aquarius Platinum Semi-Annual Data
Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15
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 54.61 39.39 42.01 33.15 44.27

Competitive Comparison of Aquarius Platinum's Cash Conversion Cycle

For the Other Industrial Metals & Mining subindustry, Aquarius Platinum'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.


Aquarius Platinum's Cash Conversion Cycle Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aquarius Platinum's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Aquarius Platinum's Cash Conversion Cycle falls into.



Aquarius Platinum 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.

Aquarius Platinum's Cash Conversion Cycle for the fiscal year that ended in Jun. 2015 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=47.05+20.52-29.8
=37.77

Aquarius Platinum's Cash Conversion Cycle for the quarter that ended in Dec. 2015 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=58.39+16.93-31.05
=44.27

* 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.


Aquarius Platinum  (OTCPK:AQPTY) 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.


Aquarius Platinum Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Aquarius Platinum's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


Aquarius Platinum (Aquarius Platinum) Business Description

Traded in Other Exchanges
N/A
Address
Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

Aquarius Platinum (Aquarius Platinum) Headlines

No Headlines