FirsTime Design's Days Sales Outstanding for the
three
months ended in Dec. 2012 was 55.78.
FirsTime Design's Days Inventory for the
three
months ended in Dec. 2012 was 50.07.
FirsTime Design's Days Payable for the
three
months ended in Dec. 2012 was 13.63.
Therefore, FirsTime Design's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2012 was 92.22.
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.
FirsTime Design Cash Conversion Cycle Related Terms
FirsTime Design Cash Conversion Cycle Historical Data
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The historical data trend for FirsTime Design'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.
For the Furnishings, Fixtures & Appliances subindustry, FirsTime Design'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.
FirsTime Design Cash Conversion Cycle vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FirsTime Design's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where FirsTime Design's Cash Conversion Cycle falls into.
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.
FirsTime Design's Cash Conversion Cycle for the fiscal year that ended in Dec. 2012 is calculated as
* 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.
FirsTime Design (FTDL) has a Cash Conversion Cycle of 92.22 as of Dec. 2012. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on FirsTime Design and its competitors.
Is FirsTime Design's Cash Conversion Cycle too high?
FirsTime Design's current Cash Conversion Cycle is 92.22. The Furnishings, Fixtures & Appliances industry median Cash Conversion Cycle is 84.59. FirsTime Design's value of 92.22 is 9% above this industry median.
How does FirsTime Design's Cash Conversion Cycle compare to EFOI?
FirsTime Design's Cash Conversion Cycle of 92.22 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Cash Conversion Cycle is 84.59. FirsTime Design's value of 92.22 is 9% 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 Furnishings, Fixtures & Appliances company?
The median Cash Conversion Cycle among Furnishings, Fixtures & Appliances companies is 84.59, based on 431 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. FirsTime Design's current Cash Conversion Cycle of 92.22 is 9% 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 FirsTime Design and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cash Conversion Cycle is 84.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirsTime Design's current Cash Conversion Cycle is 92.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirsTime Design stock overvalued right now?
FirsTime Design (FTDL) has a current Cash Conversion Cycle of 92.22. The current Cash Conversion Cycle is 92.22 and 9% above the Furnishings, Fixtures & Appliances industry median of 84.59. 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 FirsTime Design (FTDL), the current Cash Conversion Cycle is 92.22 as of Dec. 2012. 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.
FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.
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