CNIM Group (LTS:0E0C) Cash Conversion Cycle : -57.68 (As of Jun. 2021)

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What is CNIM Group Cash Conversion Cycle?

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

CNIM Group's Days Sales Outstanding for the six months ended in Jun. 2021 was 59.59.
CNIM Group's Days Inventory for the six months ended in Jun. 2021 was 23.77.
CNIM Group's Days Payable for the six months ended in Jun. 2021 was 141.04.
Therefore, CNIM Group's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2021 was -57.68.

CNIM Group Cash Conversion Cycle Historical Data

The historical data trend for CNIM Group'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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CNIM Group Cash Conversion Cycle Chart

CNIM Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash Conversion Cycle

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-18.30

-29.79

-67.48

-76.96

-43.81

CNIM Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Cash Conversion Cycle	Get a 7-Day Free Trial															-72.30	-37.34	-16.43	3.81	-57.68

Competitive Comparison of CNIM Group's Cash Conversion Cycle

For the Waste Management subindustry, CNIM Group'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.

CNIM Group's Cash Conversion Cycle Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, CNIM Group's Cash Conversion Cycle distribution charts can be found below:

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

CNIM Group 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.

CNIM Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2020 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	63.62	+	19.38	-	126.81
	=	-43.81

CNIM Group's Cash Conversion Cycle for the quarter that ended in Jun. 2021 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	59.59	+	23.77	-	141.04
	=	-57.68

CNIM Group (LTS:0E0C) 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.

CNIM Group Cash Conversion Cycle Related Terms

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CNIM Group (LTS:0E0C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » CNIM Group (LTS:0E0C) » Definitions » Cash Conversion Cycle

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Traded in Other Exchanges

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Address

35 rue de Bassano, Paris, FRA, 75008

Website

http://www.cnim.com

CNIM Group is a company that provides industrial solutions. It operates through two reportable segments which include Environment and Energy and Innovation and Systems. The business of the group primarily functions in France, the United Kingdom, Asia, Rest of Europe and it derives the majority of its revenue through the Environment segment which consists of the construction of waste-to-energy and biomass-to-energy centers, flue gas, and bottom ash treatment systems and Construction of concentrated solar power plants.

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