Corsa Coal's Days Sales Outstanding for the
three
months ended in Jun. 2024 was 24.29.
Corsa Coal's Days Inventory for the
three
months ended in Jun. 2024 was 21.68.
Corsa Coal's Days Payable for the
three
months ended in Jun. 2024 was 23.93.
Therefore, Corsa Coal's Cash Conversion Cycle (CCC) for the
three
months ended in Jun. 2024 was 22.04.
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.
Corsa Coal Cash Conversion Cycle Related Terms
Corsa Coal Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Corsa Coal'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.
CRSXQ vs HCC, AMR, SXC: Cash Conversion Cycle Comparison
For the Coking Coal subindustry, Corsa Coal'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.
Corsa Coal Cash Conversion Cycle vs Steel Industry
For the Steel industry and Basic Materials sector, Corsa Coal's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Corsa Coal'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.
Corsa Coal's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 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.
Corsa Coal (CRSXQ) has a Cash Conversion Cycle of 22.04 as of Jun. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Corsa Coal and its competitors.
Is Corsa Coal's Cash Conversion Cycle too high?
Corsa Coal's current Cash Conversion Cycle is 22.04. The Steel industry median Cash Conversion Cycle is 94.32. Corsa Coal's value of 22.04 is 76.6% below this industry median. Overall, Corsa Coal has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Corsa Coal's Cash Conversion Cycle compare to HCC and AMR?
Corsa Coal's Cash Conversion Cycle of 22.04 can be compared against companies in the Steel industry. The industry median Cash Conversion Cycle is 94.32. Corsa Coal's value of 22.04 is 76.6% 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 Steel company?
The median Cash Conversion Cycle among Steel companies is 94.32, based on 609 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. Corsa Coal's current Cash Conversion Cycle of 22.04 is 76.6% 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 Corsa Coal and its competitors. For the Steel industry, the median Cash Conversion Cycle is 94.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corsa Coal's current Cash Conversion Cycle is 22.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corsa Coal stock overvalued right now?
Corsa Coal (CRSXQ) has a current Cash Conversion Cycle of 22.04. The current Cash Conversion Cycle is 22.04 and 76.6% below the Steel industry median of 94.32. Corsa Coal's overall GF Score™ is 12/100. 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 Corsa Coal (CRSXQ), the current Cash Conversion Cycle is 22.04 as of Jun. 2024. 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.
Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel, as well as exploring, acquiring and developing resource properties that are consistent with its existing coal business. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments. Geographically, the company derives the majority of its revenue from the United States.
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