Mast Energy Developments (LSE:MAST) Cash Conversion Cycle : -1,222.77 (As of Dec. 2023)

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What is Mast Energy Developments Cash Conversion Cycle?

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

Mast Energy Developments's Days Sales Outstanding for the six months ended in Dec. 2023 was 100.82.
Mast Energy Developments's Days Inventory for the six months ended in Dec. 2023 was 0.
Mast Energy Developments's Days Payable for the six months ended in Dec. 2023 was 1323.59.
Therefore, Mast Energy Developments's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -1,222.77.

Mast Energy Developments Cash Conversion Cycle Historical Data

The historical data trend for Mast Energy Developments'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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Mast Energy Developments Cash Conversion Cycle Chart

Mast Energy Developments Annual Data

Trend

Dec21

Dec22

Dec23

Cash Conversion Cycle

-131.19

-1,011.90

Mast Energy Developments Semi-Annual Data
	Mar20	Mar21	Jun22	Dec22	Jun23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial			-	-136.88	-87.20	-506.80	-1,222.77

Competitive Comparison of Mast Energy Developments's Cash Conversion Cycle

For the Utilities - Renewable subindustry, Mast Energy Developments'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.

Mast Energy Developments's Cash Conversion Cycle Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mast Energy Developments's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Mast Energy Developments's Cash Conversion Cycle falls into.

Mast Energy Developments 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.

Mast Energy Developments's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	0	-	1011.9
	=	-1,011.90

Mast Energy Developments's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	100.82	+	0	-	1323.59
	=	-1,222.77

Mast Energy Developments (LSE:MAST) 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.

Mast Energy Developments Cash Conversion Cycle Related Terms

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Mast Energy Developments (LSE:MAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mast Energy Developments PLC (LSE:MAST) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

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Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.med.energy

Mast Energy Developments PLC is a UK-based multi-asset operator in the Reserve Power market. The company's business is to acquire and develop a portfolio of flexible small-scale power generation assets, exploiting a growing niche market in the UK for reserve power generation to balance out the national grid at critical times.

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