FIFG (First Foods Group) Cash Conversion Cycle: 0.00 (As of Sep. 2023)

What is First Foods Group Cash Conversion Cycle?

First Foods Group FIFG -99.50% Cash Conversion Cycle is 0.00 as of Sep. 2023.

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

First Foods Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.
First Foods Group's Days Inventory for the three months ended in Sep. 2023 was 0.
First Foods Group's Days Payable for the three months ended in Sep. 2023 was 0.
Therefore, First Foods Group's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was 0.00.

First Foods Group (OTCPK:FIFG) 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.

First Foods Group Cash Conversion Cycle Related Terms

First Foods Group Cash Conversion Cycle Historical Data

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The historical data trend for First Foods Group'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.

First Foods Group Cash Conversion Cycle Chart

First Foods Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Conversion Cycle

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0.00

-3,565.92

-2,042.05

-207.56

-1,110.97

First Foods Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash Conversion Cycle	Get a 7-Day Free Trial															-3,773.84	-872.58	0.00	0.00	0.00

FIFG vs BLIS, JFIL, FRTG: Cash Conversion Cycle Comparison

For the Specialty Business Services subindustry, First Foods Group'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.

First Foods Group Cash Conversion Cycle vs Business Services Industry

For the Business Services industry and Industrials sector, First Foods Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where First Foods Group's Cash Conversion Cycle falls into.

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First Foods Group 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.

First Foods Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	130.03	-	1241
	=	-1,110.97

First Foods Group's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

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

Frequently Asked Questions Learn more about Cash Conversion Cycle →

What does a Cash Conversion Cycle of 0.00 mean?

First Foods Group (FIFG) has a Cash Conversion Cycle of 0.00 as of Sep. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on First Foods Group and its competitors.

Is First Foods Group's Cash Conversion Cycle too high?

First Foods Group's current Cash Conversion Cycle is 0.00.

How does First Foods Group's Cash Conversion Cycle compare to BLIS and JFIL?

First Foods Group's Cash Conversion Cycle of 0.00 can be compared against companies in the Business Services industry. The industry median Cash Conversion Cycle is 38.74. 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 Business Services company?

The median Cash Conversion Cycle among Business Services companies is 38.74, based on 1,069 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. 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 First Foods Group and its competitors. For the Business Services industry, the median Cash Conversion Cycle is 38.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Foods Group's current Cash Conversion Cycle is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Foods Group stock overvalued right now?

First Foods Group (FIFG) has a current Cash Conversion Cycle of 0.00. The current Cash Conversion Cycle is 0.00. 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 First Foods Group (FIFG), the current Cash Conversion Cycle is 0.00 as of Sep. 2023. 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.

First Foods Group Business Description

Industry Industrials Business Services

Comparable Companies BLIS JFIL FRTG SMX ELVG ADMQ GPOX LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA DLB LSE:ITRK TSE:7911

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014

Website https://www.firstfoodsgroup.com

First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.