Silk Logistics Holdings (ASX:SLH) Cash Conversion Cycle : 45.51 (As of Jun. 2024)

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What is Silk Logistics Holdings Cash Conversion Cycle?

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

Silk Logistics Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 45.51.
Silk Logistics Holdings's Days Inventory for the six months ended in Jun. 2024 was .
Silk Logistics Holdings's Days Payable for the six months ended in Jun. 2024 was .
Therefore, Silk Logistics Holdings's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2024 was 45.51.

Silk Logistics Holdings Cash Conversion Cycle Historical Data

The historical data trend for Silk Logistics Holdings'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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Silk Logistics Holdings Cash Conversion Cycle Chart

Silk Logistics Holdings Annual Data

Trend

Jun22

Jun23

Jun24

Cash Conversion Cycle

58.06

47.05

43.69

Silk Logistics Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash Conversion Cycle	Get a 7-Day Free Trial			50.30	47.57	51.49	43.80	45.51

Competitive Comparison of Silk Logistics Holdings's Cash Conversion Cycle

For the Integrated Freight & Logistics subindustry, Silk Logistics Holdings'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.

Silk Logistics Holdings's Cash Conversion Cycle Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Silk Logistics Holdings's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Silk Logistics Holdings's Cash Conversion Cycle falls into.

Silk Logistics Holdings 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.

Silk Logistics Holdings's Cash Conversion Cycle for the fiscal year that ended in Jun. 2024 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	43.69	+		-
	=	43.69

Silk Logistics Holdings's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	45.51	+		-
	=	45.51

Silk Logistics Holdings (ASX:SLH) 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.

Silk Logistics Holdings Cash Conversion Cycle Related Terms

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Silk Logistics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Silk Logistics Holdings Ltd (ASX:SLH) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 Lorimer Street, Unit 3, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.silklogistics.com.au

Silk Logistics Holdings Ltd operates in the Australian logistics industry, delivering port-to-door, technology-enabled contract or third-party logistics and time certain Port Logistics services. The business provides these services to clients in several key industries, including, but not limited to FMCG, light industrial, food, specialised retail, and containerised agriculture. The company provides a one-stop shop for integrated port-to-door logistics, providing services in wharf cartage, warehousing, and domestic distribution, through its trading brands Silk Contract Logistics and Rocke Brothers. Its segment includes Port and Contract logistics out of which it generates a majority of its revenue from the Port logistics segment.