GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » California Style Palms Inc (OTCPK:CFPI) » Definitions » Cash Conversion Cycle

California Style Palms (California Style Palms) Cash Conversion Cycle : -208.88 (As of Sep. 2006)


View and export this data going back to 2004. Start your Free Trial

What is California Style Palms Cash Conversion Cycle?

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

California Style Palms's Days Sales Outstanding for the three months ended in Sep. 2006 was 4.84.
California Style Palms's Days Inventory for the three months ended in Sep. 2006 was 29.97.
California Style Palms's Days Payable for the three months ended in Sep. 2006 was 243.69.
Therefore, California Style Palms's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2006 was -208.88.


California Style Palms Cash Conversion Cycle Historical Data

The historical data trend for California Style Palms'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.

* Premium members only.

California Style Palms Cash Conversion Cycle Chart

California Style Palms Annual Data
Trend Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Mar05
Cash Conversion Cycle
Get a 7-Day Free Trial 86.23 63.48 66.08 69.50 24.46

California Style Palms Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.65 -48.18 -76.19 -168.94 -208.88

Competitive Comparison of California Style Palms's Cash Conversion Cycle

For the Farm Products subindustry, California Style Palms'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.


California Style Palms's Cash Conversion Cycle Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, California Style Palms's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where California Style Palms's Cash Conversion Cycle falls into.



California Style Palms 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.

California Style Palms's Cash Conversion Cycle for the fiscal year that ended in Mar. 2005 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=1.98+59.95-37.47
=24.46

California Style Palms's Cash Conversion Cycle for the quarter that ended in Sep. 2006 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=4.84+29.97-243.69
=-208.88

* 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.


California Style Palms  (OTCPK:CFPI) 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.


California Style Palms Cash Conversion Cycle Related Terms

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


California Style Palms (California Style Palms) Business Description

Traded in Other Exchanges
N/A
Address
349 North Renee Street, Orange, CA, USA, 92869-3122
California Style Palms Inc is engaged in selling and installation of decorative palm trees. It owns and operates the assets, with the exception of the real estate, of Gregory Palm Farms, LLC, a fourth-generation farmers company who live to grow its own products. The company owns and operates two farms in California, and have set up central location in Orange, Orange County. It derives revenues primarily from the sale and installation of decorative palm trees.
Executives
Andrew C Schmidt director 1700 CARNEGIE AVE, SUITE 100, SANTA ANA CA 92705

California Style Palms (California Style Palms) Headlines

No Headlines