Centrex (FRA:W4O) Cash Conversion Cycle: -87.91 (As of Jun. 2024)

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What is Centrex Cash Conversion Cycle?

Centrex FRA:W4O Cash Conversion Cycle is -87.91 as of Jun. 2024.

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

Centrex's Days Sales Outstanding for the six months ended in Jun. 2024 was 1.31.
Centrex's Days Inventory for the six months ended in Jun. 2024 was 170.29.
Centrex's Days Payable for the six months ended in Jun. 2024 was 259.51.
Therefore, Centrex's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2024 was -87.91.

Centrex  (FRA:W4O) 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.

Centrex Cash Conversion Cycle Related Terms

Centrex Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Centrex'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.

Centrex Cash Conversion Cycle Chart

Centrex Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.57 0.55 -27.28

Centrex Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.00 -86.43 -14.62 -43.10 -87.91

Centrex Cash Conversion Cycle Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Centrex'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.

Centrex Cash Conversion Cycle vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Centrex's Cash Conversion Cycle distribution charts can be found below:

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


Centrex 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.

Centrex's Cash Conversion Cycle for the fiscal year that ended in Jun. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=7.98+115.81-151.07
=-27.28

Centrex'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
=1.31+170.29-259.51
=-87.91

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of -87.91 mean?
Centrex (FRA:W4O) has a Cash Conversion Cycle of -87.91 as of Jun. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Centrex and its competitors.
Is Centrex's Cash Conversion Cycle too high?
Centrex's current Cash Conversion Cycle is -87.91.
How does Centrex's Cash Conversion Cycle compare to competitors?
Centrex's Cash Conversion Cycle of -87.91 can be compared against companies in the Metals & Mining industry. The industry median Cash Conversion Cycle is 15.20. 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 Metals & Mining company?
The median Cash Conversion Cycle among Metals & Mining companies is 15.20, based on 1,165 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 Centrex and its competitors. For the Metals & Mining industry, the median Cash Conversion Cycle is 15.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centrex's current Cash Conversion Cycle is -87.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrex stock overvalued right now?
Centrex (FRA:W4O) has a current Cash Conversion Cycle of -87.91. The current Cash Conversion Cycle is -87.91. 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 Centrex (FRA:W4O), the current Cash Conversion Cycle is -87.91 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.

Centrex Business Description

Address 44 Waymouth Street, Level 6, Adelaide, SA, AUS, 5000
Centrex Ltd is a mineral exploration company. The principal activity of the company is an exploration of the following areas: Phosphate project development in Queensland; Potash exploration over wholly-owned tenements in Western Australia; and gold and base metals exploration in New South Wales. Its projects include Ardmore Phosphate Rock Project, Oxley Potash Project, and Goulburn gold/base metals project. The company has two reportable segments Ardmore mining operations and Exploration. The company operates in one geographical segment; Australia.