Aeroflot Russian Airlines PJSC (MIC:AFLT) Cash Conversion Cycle: 38.41 (As of Dec. 2023)

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MIC:AFLT Aeroflot Russian Airlines PJSC MIC:AFLT
17 GF Score
Price ₽36.71
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What is Aeroflot Russian Airlines PJSC Cash Conversion Cycle?

Aeroflot Russian Airlines PJSC MIC:AFLT -0.11% 17 Cash Conversion Cycle is 38.41 as of Dec. 2023. GuruFocus rates MIC:AFLT with a GF Score™ of 17/100.

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

Aeroflot Russian Airlines PJSC's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.41.
Aeroflot Russian Airlines PJSC's Days Inventory for the three months ended in Dec. 2023 was 13.53.
Aeroflot Russian Airlines PJSC's Days Payable for the three months ended in Dec. 2023 was 26.53.
Therefore, Aeroflot Russian Airlines PJSC's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 38.41.


Aeroflot Russian Airlines PJSC  (MIC:AFLT) 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.


Aeroflot Russian Airlines PJSC Cash Conversion Cycle Related Terms


Aeroflot Russian Airlines PJSC Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Aeroflot Russian Airlines PJSC'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.

Aeroflot Russian Airlines PJSC Cash Conversion Cycle Chart

Aeroflot Russian Airlines PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.89 13.07 1.03 27.97 32.14

Aeroflot Russian Airlines PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 0.00 54.52 38.59 34.43 38.41

MIC:AFLT vs DAL, UAL, LUV: Cash Conversion Cycle Comparison

For the Airlines subindustry, Aeroflot Russian Airlines PJSC'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.


Aeroflot Russian Airlines PJSC Cash Conversion Cycle vs Transportation Industry

For the Transportation industry and Industrials sector, Aeroflot Russian Airlines PJSC's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Aeroflot Russian Airlines PJSC's Cash Conversion Cycle falls into.


MIC:AFLT
17GF Score
Aeroflot Russian Airlines PJSC MIC:AFLT
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Aeroflot Russian Airlines PJSC 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.

Aeroflot Russian Airlines PJSC'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
=44.38+14.74-26.98
=32.14

Aeroflot Russian Airlines PJSC'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
=51.41+13.53-26.53
=38.41

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 38.41 mean?
Aeroflot Russian Airlines PJSC (MIC:AFLT) has a Cash Conversion Cycle of 38.41 as of Dec. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Aeroflot Russian Airlines PJSC and its competitors.
Is Aeroflot Russian Airlines PJSC's Cash Conversion Cycle too high?
Aeroflot Russian Airlines PJSC's current Cash Conversion Cycle is 38.41. The Transportation industry median Cash Conversion Cycle is 19.65. Aeroflot Russian Airlines PJSC's value of 38.41 is 95.5% above this industry median. Overall, Aeroflot Russian Airlines PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Aeroflot Russian Airlines PJSC's Cash Conversion Cycle compare to DAL and UAL?
Aeroflot Russian Airlines PJSC's Cash Conversion Cycle of 38.41 can be compared against companies in the Transportation industry. The industry median Cash Conversion Cycle is 19.65. Aeroflot Russian Airlines PJSC's value of 38.41 is 95.5% 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 Transportation company?
The median Cash Conversion Cycle among Transportation companies is 19.65, based on 1,002 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. Aeroflot Russian Airlines PJSC's current Cash Conversion Cycle of 38.41 is 95.5% 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 Aeroflot Russian Airlines PJSC and its competitors. For the Transportation industry, the median Cash Conversion Cycle is 19.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aeroflot Russian Airlines PJSC's current Cash Conversion Cycle is 38.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeroflot Russian Airlines PJSC stock overvalued right now?
Aeroflot Russian Airlines PJSC (MIC:AFLT) has a current Cash Conversion Cycle of 38.41. The current Cash Conversion Cycle is 38.41 and 95.5% above the Transportation industry median of 19.65. Aeroflot Russian Airlines PJSC's overall GF Score™ is 17/100. 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 Aeroflot Russian Airlines PJSC (MIC:AFLT), the current Cash Conversion Cycle is 38.41 as of Dec. 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.

Aeroflot Russian Airlines PJSC Business Description

Address 1, Arbat Street, Moscow, RUS, 119019
Aeroflot Russian Airlines PJSC is Russia's airline group, and accounts for approximately one third of Russia's air-travel market. It provides scheduled and chartered flights. Passengers may buy tickets through websites, online booking systems, sales offices, and authorized agents. Domestic routes throughout Russia comprise the majority of total passengers. Additionally, it provides international routes to many different regions. The company's lone operating segment is Air Transportation. Outside of Russia, Europe books the next-highest number of passengers at around one fifth the total amount. The Russian Federation owns roughly half of the company.
17GF Score

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