ASFX (American Scientific Resources) Cash Conversion Cycle: -180.05 (As of Sep. 2011)


What is American Scientific Resources Cash Conversion Cycle?

American Scientific Resources ASFX -96.67% Cash Conversion Cycle is -180.05 as of Sep. 2011.

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

American Scientific Resources's Days Sales Outstanding for the three months ended in Sep. 2011 was 32.77.
American Scientific Resources's Days Inventory for the three months ended in Sep. 2011 was 79.23.
American Scientific Resources's Days Payable for the three months ended in Sep. 2011 was 292.05.
Therefore, American Scientific Resources's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2011 was -180.05.

American Scientific Resources  (OTCPK:ASFX) 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.

American Scientific Resources Cash Conversion Cycle Related Terms

American Scientific Resources Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for American Scientific Resources'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.

American Scientific Resources Cash Conversion Cycle Chart

American Scientific Resources Annual Data
Trend
Cash Conversion Cycle

American Scientific Resources Quarterly Data
Sep10 Sep11
Cash Conversion Cycle 0.00 -180.05

ASFX vs GNID, QTXB, ASNB: Cash Conversion Cycle Comparison

For the Medical Instruments & Supplies subindustry, American Scientific Resources'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.

American Scientific Resources Cash Conversion Cycle vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, American Scientific Resources's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where American Scientific Resources's Cash Conversion Cycle falls into.


American Scientific Resources 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.

American Scientific Resources's Cash Conversion Cycle for the fiscal year that ended in . 20 is calculated as

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

American Scientific Resources's Cash Conversion Cycle for the quarter that ended in Sep. 2011 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=32.77+79.23-292.05
=-180.05

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of -180.05 mean?
American Scientific Resources (ASFX) has a Cash Conversion Cycle of -180.05 as of Sep. 2011. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on American Scientific Resources and its competitors.
Is American Scientific Resources' Cash Conversion Cycle too high?
American Scientific Resources' current Cash Conversion Cycle is -180.05.
How does American Scientific Resources' Cash Conversion Cycle compare to GNID and QTXB?
American Scientific Resources' Cash Conversion Cycle of -180.05 can be compared against companies in the Medical Devices & Instruments industry. The industry median Cash Conversion Cycle is 156.96. 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 Medical Devices & Instruments company?
The median Cash Conversion Cycle among Medical Devices & Instruments companies is 156.96, based on 818 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 American Scientific Resources and its competitors. For the Medical Devices & Instruments industry, the median Cash Conversion Cycle is 156.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Scientific Resources's current Cash Conversion Cycle is -180.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Scientific Resources stock overvalued right now?
American Scientific Resources (ASFX) has a current Cash Conversion Cycle of -180.05. The current Cash Conversion Cycle is -180.05. 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 American Scientific Resources (ASFX), the current Cash Conversion Cycle is -180.05 as of Sep. 2011. 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.

American Scientific Resources Business Description