Cannagistics (Cannagistics) Cash Conversion Cycle : 0.00 (As of Apr. 2022)

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What is Cannagistics Cash Conversion Cycle?

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

Cannagistics's Days Sales Outstanding for the three months ended in Apr. 2022 was 0.
Cannagistics's Days Inventory for the three months ended in Apr. 2022 was 0.
Cannagistics's Days Payable for the three months ended in Apr. 2022 was 0.
Therefore, Cannagistics's Cash Conversion Cycle (CCC) for the three months ended in Apr. 2022 was 0.00.

Cannagistics Cash Conversion Cycle Historical Data

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

Cannagistics Annual Data

Trend

Jul08

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Cash Conversion Cycle

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197.72

-11.94

Cannagistics Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Cash Conversion Cycle	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Cannagistics's Cash Conversion Cycle

For the Shell Companies subindustry, Cannagistics'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.

Cannagistics's Cash Conversion Cycle Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Cannagistics's Cash Conversion Cycle distribution charts can be found below:

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

Cannagistics 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.

Cannagistics's Cash Conversion Cycle for the fiscal year that ended in Jul. 2021 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	0	-	0
	=	0.00

Cannagistics's Cash Conversion Cycle for the quarter that ended in Apr. 2022 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	0	-	0
	=	0.00

Cannagistics (OTCPK:CNGT) 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.

Cannagistics Cash Conversion Cycle Related Terms

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