Biocartis Group NV's Days Sales Outstanding for the
six
months ended in Jun. 2023 was 117.61.
Biocartis Group NV's Days Inventory for the
six
months ended in Jun. 2023 was 250.93.
Biocartis Group NV's Days Payable for the
six
months ended in Jun. 2023 was 127.2.
Therefore, Biocartis Group NV's Cash Conversion Cycle (CCC) for the
six
months ended in Jun. 2023 was 241.34.
Biocartis Group NV (LTS:0R72) 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.
Biocartis Group NV Cash Conversion Cycle Related Terms
Biocartis Group NV Cash Conversion Cycle Historical Data
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The historical data trend for Biocartis Group NV'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.
LTS:0R72 vs TMO, DHR, IDXX: Cash Conversion Cycle Comparison
For the Diagnostics & Research subindustry, Biocartis Group NV'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.
Biocartis Group NV Cash Conversion Cycle vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Biocartis Group NV's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Biocartis Group NV's Cash Conversion Cycle falls into.
Biocartis Group NV 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.
Biocartis Group NV's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 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.
Biocartis Group NV (LTS:0R72) has a Cash Conversion Cycle of 241.34 as of Jun. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Biocartis Group NV and its competitors.
Is Biocartis Group NV's Cash Conversion Cycle too high?
Biocartis Group NV's current Cash Conversion Cycle is 241.34. The Medical Diagnostics & Research industry median Cash Conversion Cycle is 74.75. Biocartis Group NV's value of 241.34 is 222.9% above this industry median. Overall, Biocartis Group NV has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Biocartis Group NV's Cash Conversion Cycle compare to TMO and DHR?
Biocartis Group NV's Cash Conversion Cycle of 241.34 can be compared against companies in the Medical Diagnostics & Research industry. The industry median Cash Conversion Cycle is 74.75. Biocartis Group NV's value of 241.34 is 222.9% 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 Medical Diagnostics & Research company?
The median Cash Conversion Cycle among Medical Diagnostics & Research companies is 74.75, based on 204 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. Biocartis Group NV's current Cash Conversion Cycle of 241.34 is 222.9% 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 Biocartis Group NV and its competitors. For the Medical Diagnostics & Research industry, the median Cash Conversion Cycle is 74.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biocartis Group NV's current Cash Conversion Cycle is 241.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biocartis Group NV stock overvalued right now?
Biocartis Group NV (LTS:0R72) has a current Cash Conversion Cycle of 241.34. The current Cash Conversion Cycle is 241.34 and 222.9% above the Medical Diagnostics & Research industry median of 74.75. Biocartis Group NV's overall GF Score™ is 14/100. 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 Biocartis Group NV (LTS:0R72), the current Cash Conversion Cycle is 241.34 as of Jun. 2023. 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.
Biocartis Group NV is a commercial-stage molecular diagnostics company. It provides diagnostic solutions aimed at improving clinical practice for patients, clinicians, payers, and the industry. The firm has developed an Meet Idylla molecular diagnostic system for oncology and infectious disease segments.
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