Uflex (BOM:500148) Cash Conversion Cycle : 86.51 (As of Mar. 2024)

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What is Uflex Cash Conversion Cycle?

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

Uflex's Days Sales Outstanding for the three months ended in Mar. 2024 was 92.19.
Uflex's Days Inventory for the three months ended in Mar. 2024 was 82.21.
Uflex's Days Payable for the three months ended in Mar. 2024 was 87.89.
Therefore, Uflex's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 86.51.

Uflex Cash Conversion Cycle Historical Data

The historical data trend for Uflex'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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Uflex Cash Conversion Cycle Chart

Uflex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash Conversion Cycle

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85.31

78.56

75.92

85.85

92.76

Uflex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Conversion Cycle	Get a 7-Day Free Trial															95.49	98.30	85.30	85.74	86.51

Competitive Comparison of Uflex's Cash Conversion Cycle

For the Packaging & Containers subindustry, Uflex'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.

Uflex's Cash Conversion Cycle Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Uflex's Cash Conversion Cycle distribution charts can be found below:

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

Uflex 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.

Uflex's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	92.29	+	92.95	-	92.48
	=	92.76

Uflex's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	92.19	+	82.21	-	87.89
	=	86.51

Uflex (BOM:500148) 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.

Uflex Cash Conversion Cycle Related Terms

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

Uflex (BOM:500148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Uflex Ltd (BOM:500148) » Definitions » Cash Conversion Cycle

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Traded in Other Exchanges

UFLEX:India

Address

A-107-108, Sector - IV, Noida, UP, IND, 201301

Website

https://www.uflexltd.com

Uflex Ltd is a packaging company. It is engaged in the manufacture and sale of flexible packaging products and offers a complete flexible packaging solution to customers. The company produces printed, laminated, metalized, co-extruded, coated, embossed, plain plastic films and Hologrammed sticker sheets. It is also involved in producing liquid inks, adhesives, and specialty coatings as well as rotogravure cylinders, flexo plates, and flexo printing sleeves which are used in the packaging process. The operating segments of the group are Flexible Packaging activities and Engineering activities. It generates maximum revenue from the Flexible Packaging activities segment.

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