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Union Coop (DFM:UNIONCOOP) Cash Conversion Cycle : 12.24 (As of Jun. 2024)


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What is Union Coop Cash Conversion Cycle?

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

Union Coop's Days Sales Outstanding for the six months ended in Jun. 2024 was 4.4.
Union Coop's Days Inventory for the six months ended in Jun. 2024 was 67.73.
Union Coop's Days Payable for the six months ended in Jun. 2024 was 59.89.
Therefore, Union Coop's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2024 was 12.24.


Union Coop Cash Conversion Cycle Historical Data

The historical data trend for Union Coop'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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Union Coop Cash Conversion Cycle Chart

Union Coop Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
-25.32 -27.19 -1.04 16.09

Union Coop Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash Conversion Cycle Get a 7-Day Free Trial -25.64 10.98 11.22 16.14 12.24

Competitive Comparison of Union Coop's Cash Conversion Cycle

For the Department Stores subindustry, Union Coop'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.


Union Coop's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Union Coop's Cash Conversion Cycle distribution charts can be found below:

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



Union Coop 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.

Union Coop's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=4.68+68.3-56.89
=16.09

Union Coop's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=4.4+67.73-59.89
=12.24

* 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.


Union Coop  (DFM:UNIONCOOP) 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.


Union Coop Cash Conversion Cycle Related Terms

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Union Coop Business Description

Traded in Other Exchanges
N/A
Address
The Tripoli Street, Al Warqa - 3, Dubai, ARE
Union Coop is engaged in establishing and managing hypermarkets in the United Arab Emirates. The company has 26 branches, and owns five shopping centers: Al Warqa City Mall, Etihad Mall, Al Barsha South Mall, Al Barsha South Mall and Nad Al Hamar Mall, and launched a chain of stores under the name of Coop, representing new concepts of shopping, as it includes four outlets in addition to one branch of the Mini Coop chain, and Union Coop is the first consumer cooperative in the Middle East to include the concept of smart shopping. The company has three major business segments that includes retail , Ecommerce and investment segment. It earns majority of its revenue from retail segment.

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