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Castleview Property Fund (JSE:CVW) Cash Conversion Cycle : 60.81 (As of Sep. 2024)


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What is Castleview Property Fund Cash Conversion Cycle?

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

Castleview Property Fund's Days Sales Outstanding for the six months ended in Sep. 2024 was 16.59.
Castleview Property Fund's Days Inventory for the six months ended in Sep. 2024 was 125.31.
Castleview Property Fund's Days Payable for the six months ended in Sep. 2024 was 81.09.
Therefore, Castleview Property Fund's Cash Conversion Cycle (CCC) for the six months ended in Sep. 2024 was 60.81.


Castleview Property Fund Cash Conversion Cycle Historical Data

The historical data trend for Castleview Property Fund'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.

* Premium members only.

Castleview Property Fund Cash Conversion Cycle Chart

Castleview Property Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Mar24
Cash Conversion Cycle
Get a 7-Day Free Trial 9.78 9.90 3.97 19.57 112.98

Castleview Property Fund Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Sep23 Mar24 Sep24
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 11.46 10.16 31.62 88.33 60.81

Competitive Comparison of Castleview Property Fund's Cash Conversion Cycle

For the REIT - Retail subindustry, Castleview Property Fund'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.


Castleview Property Fund's Cash Conversion Cycle Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Castleview Property Fund's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Castleview Property Fund's Cash Conversion Cycle falls into.


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Castleview Property Fund 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.

Castleview Property Fund's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=11.81+166.3-65.13
=112.98

Castleview Property Fund's Cash Conversion Cycle for the quarter that ended in Sep. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=16.59+125.31-81.09
=60.81

* 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.


Castleview Property Fund  (JSE:CVW) 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.


Castleview Property Fund Cash Conversion Cycle Related Terms

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Castleview Property Fund Business Description

Traded in Other Exchanges
N/A
Address
13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001
Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.

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