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MAS (JSE:MSP) Cash Conversion Cycle : 436.08 (As of Dec. 2024)


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What is MAS Cash Conversion Cycle?

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

MAS's Days Sales Outstanding for the six months ended in Dec. 2024 was 53.15.
MAS's Days Inventory for the six months ended in Dec. 2024 was 584.58.
MAS's Days Payable for the six months ended in Dec. 2024 was 201.65.
Therefore, MAS's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2024 was 436.08.


MAS Cash Conversion Cycle Historical Data

The historical data trend for MAS'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.

MAS Cash Conversion Cycle Chart

MAS 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 7,914.96 10,223.84 3,738.94 814.16 704.72

MAS Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 810.55 652.23 276.05 -110.71 436.08

Competitive Comparison of MAS's Cash Conversion Cycle

For the Real Estate - Diversified subindustry, MAS'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.


MAS's Cash Conversion Cycle Distribution in the Real Estate Industry

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

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


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MAS 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.

MAS'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
=38.24+778.47-111.99
=704.72

MAS's Cash Conversion Cycle for the quarter that ended in Dec. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=53.15+584.58-201.65
=436.08

* 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.


MAS  (JSE:MSP) 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.


MAS Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of MAS's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


MAS Business Description

Industry
Traded in Other Exchanges
N/A
Address
Abate Rigord Street, Suite 11, Penthouse Level, Marina Business Centre, Ta’ Xbiex, MLT, XBX1129
MAS PLC is an internally managed green property investor and operator focused on retail properties in the Central and Eastern European (CEE) region. The company acquires, develops, and manages retail, office, industrial, and hotel properties. Its property portfolio includes Carolina Mall, Silk District Office, Arges Mall, and Pleiades Residence among others. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.

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