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Euro Ceramics's Days Sales Outstanding for the
six
months ended in Mar. 2019 was 121.08.
Euro Ceramics's Days Inventory for the
six
months ended in Mar. 2019 was 153.14.
Euro Ceramics's Days Payable for the
six
months ended in Mar. 2019 was 263.29.
Therefore, Euro Ceramics's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2019 was 10.93.
Euro Ceramics (BOM:532823) 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.
Euro Ceramics Cash Conversion Cycle Related Terms
Euro Ceramics Cash Conversion Cycle Historical Data
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The historical data trend for Euro Ceramics'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.
BOM:532823 vs CARR, MAS, TREX: Cash Conversion Cycle Comparison
For the Building Products & Equipment subindustry, Euro Ceramics'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.
Euro Ceramics Cash Conversion Cycle vs Construction Industry
For the Construction industry and Industrials sector, Euro Ceramics's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Euro Ceramics's Cash Conversion Cycle falls into.
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.
Euro Ceramics's Cash Conversion Cycle for the fiscal year that ended in Mar. 2019 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.
Euro Ceramics (BOM:532823) has a Cash Conversion Cycle of 10.93 as of Mar. 2019. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Euro Ceramics and its competitors.
Is Euro Ceramics' Cash Conversion Cycle too high?
Euro Ceramics' current Cash Conversion Cycle is 10.93. The Construction industry median Cash Conversion Cycle is 56.11. Euro Ceramics' value of 10.93 is 80.5% below this industry median. Overall, Euro Ceramics has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Euro Ceramics' Cash Conversion Cycle compare to CARR and MAS?
Euro Ceramics' Cash Conversion Cycle of 10.93 can be compared against companies in the Construction industry. The industry median Cash Conversion Cycle is 56.11. Euro Ceramics' value of 10.93 is 80.5% below this benchmark. 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 Construction company?
The median Cash Conversion Cycle among Construction companies is 56.11, based on 1,766 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. Euro Ceramics's current Cash Conversion Cycle of 10.93 is 80.5% below the industry median. 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 Euro Ceramics and its competitors. For the Construction industry, the median Cash Conversion Cycle is 56.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euro Ceramics's current Cash Conversion Cycle is 10.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euro Ceramics stock overvalued right now?
Euro Ceramics (BOM:532823) has a current Cash Conversion Cycle of 10.93. The current Cash Conversion Cycle is 10.93 and 80.5% below the Construction industry median of 56.11. Euro Ceramics' overall GF Score™ is 4/100. 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 Euro Ceramics (BOM:532823), the current Cash Conversion Cycle is 10.93 as of Mar. 2019. 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.
Euro Ceramics Ltd is an India based company engaged in the manufacturing and sells of vitrified tiles. It operates in three business segments including Tiles Division, Aluminium Division, and Realty Division. The tiles division, which is the key revenue driver, manufactures products including vitrified tiles, composite marble, sanitary ware products, and bathroom tiles. The company holds a global market presence with the majority of the revenue generated from the Indian market.
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