EDNEF (Eden Empire) Cash Conversion Cycle: 177.04 (As of Apr. 2022)

What is Eden Empire Cash Conversion Cycle?

Eden Empire EDNEF Cash Conversion Cycle is 177.04 as of Apr. 2022.

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

Eden Empire's Days Sales Outstanding for the three months ended in Apr. 2022 was 144.03.
Eden Empire's Days Inventory for the three months ended in Apr. 2022 was 33.01.
Eden Empire's Days Payable for the three months ended in Apr. 2022 was 0.
Therefore, Eden Empire's Cash Conversion Cycle (CCC) for the three months ended in Apr. 2022 was 177.04.

Eden Empire (OTCPK:EDNEF) 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.

Eden Empire Cash Conversion Cycle Related Terms

Eden Empire Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Eden Empire'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.

Eden Empire Cash Conversion Cycle Chart

Eden Empire Annual Data

Trend

Jul19

Jul20

Jul21

Cash Conversion Cycle

0.00

370.34

Eden Empire Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Cash Conversion Cycle	Get a 7-Day Free Trial							174.62	214.38	252.67	554.40	177.04

EDNEF vs ZTS, CTLT, VTRS: Cash Conversion Cycle Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Eden Empire'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.

Eden Empire Cash Conversion Cycle vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Eden Empire's Cash Conversion Cycle distribution charts can be found below:

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

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Eden Empire 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.

Eden Empire'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
	=	276.9	+	93.44	-	0
	=	370.34

Eden Empire'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
	=	144.03	+	33.01	-	0
	=	177.04

Frequently Asked Questions Learn more about Cash Conversion Cycle →

What does a Cash Conversion Cycle of 177.04 mean?

Eden Empire (EDNEF) has a Cash Conversion Cycle of 177.04 as of Apr. 2022. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Eden Empire and its competitors.

Is Eden Empire's Cash Conversion Cycle too high?

Eden Empire's current Cash Conversion Cycle is 177.04. The Drug Manufacturers industry median Cash Conversion Cycle is 145.92. Eden Empire's value of 177.04 is 21.3% above this industry median.

How does Eden Empire's Cash Conversion Cycle compare to ZTS and CTLT?

Eden Empire's Cash Conversion Cycle of 177.04 can be compared against companies in the Drug Manufacturers industry. The industry median Cash Conversion Cycle is 145.92. Eden Empire's value of 177.04 is 21.3% above 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 Drug Manufacturers company?

The median Cash Conversion Cycle among Drug Manufacturers companies is 145.92, based on 947 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. Eden Empire's current Cash Conversion Cycle of 177.04 is 21.3% above 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 Eden Empire and its competitors. For the Drug Manufacturers industry, the median Cash Conversion Cycle is 145.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eden Empire's current Cash Conversion Cycle is 177.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Eden Empire stock overvalued right now?

Eden Empire (EDNEF) has a current Cash Conversion Cycle of 177.04. The current Cash Conversion Cycle is 177.04 and 21.3% above the Drug Manufacturers industry median of 145.92. 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 Eden Empire (EDNEF), the current Cash Conversion Cycle is 177.04 as of Apr. 2022. 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.

Eden Empire Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies XCNQ:LVT XCNQ:HMPS XCNQ:MOJO XCNQ:CANA XCNQ:CHM XCNQ:OVAT XCNQ:MJRX XCNQ:CRCC XCNQ:ORCD XCNQ:CFT XTER:MRK ZTS TSE:4502 NSE:SUNPHARMA CTLT TSE:4507 SHSE:600196 SZSE:000538 VTRS NSE:DIVISLAB

Address The Stack, 1133 Melville Street, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website https://www.myeden.ca

Eden Empire Inc is engaged in the business of operating and investing in the retail cannabis sector.