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First Physicians Capital Group (First Physicians Capital Group) Cash Conversion Cycle : 236.08 (As of Jun. 2014)


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What is First Physicians Capital Group Cash Conversion Cycle?

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

First Physicians Capital Group's Days Sales Outstanding for the three months ended in Jun. 2014 was 236.08.
First Physicians Capital Group's Days Inventory for the three months ended in Jun. 2014 was 0.
First Physicians Capital Group's Days Payable for the three months ended in Jun. 2014 was 0.
Therefore, First Physicians Capital Group's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2014 was 236.08.


First Physicians Capital Group Cash Conversion Cycle Historical Data

The historical data trend for First Physicians Capital 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.

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First Physicians Capital Group Cash Conversion Cycle Chart

First Physicians Capital Group Annual Data
Trend Jan04 Jan05 Jan06 Jan07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.20 832.14 111.26 153.93 219.22

First Physicians Capital Group Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 218.52 239.96 273.20 203.52 236.08

Competitive Comparison of First Physicians Capital Group's Cash Conversion Cycle

For the Medical Care Facilities subindustry, First Physicians Capital 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 Physicians Capital Group's Cash Conversion Cycle Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, First Physicians Capital Group's Cash Conversion Cycle distribution charts can be found below:

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



First Physicians Capital 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 Physicians Capital Group's Cash Conversion Cycle for the fiscal year that ended in Sep. 2013 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=219.22+0-0
=219.22

First Physicians Capital Group's Cash Conversion Cycle for the quarter that ended in Jun. 2014 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=236.08+0-0
=236.08

* 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 Physicians Capital Group  (OTCPK:FPCG) 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 Physicians Capital Group Cash Conversion Cycle Related Terms

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First Physicians Capital Group (First Physicians Capital Group) Business Description

Traded in Other Exchanges
N/A
Address
433 North Camden Drive, Suite 810, Beverly Hills, CA, USA, 90210
First Physicians Capital Group Inc provides financial and managerial services to healthcare facilities in non-urban markets.
Executives
William A Houlihan director, 10 percent owner 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Anthony J Ciabattoni 10 percent owner 16 LAGUNITA DRIVE, LAGUNA BEACH CA 92651

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