David Jones (ASX:DJS) Cash Conversion Cycle : 13.40 (As of Jan. 2014)

David Jones Cash Conversion Cycle Chart

David Jones Annual Data
	Trend	Jul04	Jul05	Jul06	Jul07	Jul08	Jul09	Jul10	Jul11	Jul12	Jul13
Cash Conversion Cycle		Get a 7-Day Free Trial					35.27	40.58	53.61	52.44	42.40

David Jones Semi-Annual Data
	Jul04	Jan05	Jul05	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14
Cash Conversion Cycle	Get a 7-Day Free Trial															31.24	28.52	22.16	21.54	13.40

Competitive Comparison of David Jones's Cash Conversion Cycle

For the Department Stores subindustry, David Jones'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.

David Jones's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, David Jones's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where David Jones's Cash Conversion Cycle falls into.

David Jones 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.

David Jones's Cash Conversion Cycle for the fiscal year that ended in Jul. 2013 is calculated as

David Jones's Cash Conversion Cycle for the quarter that ended in Jan. 2014 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.

David Jones  (ASX:DJS) 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.

David Jones Cash Conversion Cycle Related Terms

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David Jones Business Description