Magnit PJSC's Days Sales Outstanding for the
six
months ended in Jun. 2023 was 1.46.
Magnit PJSC's Days Inventory for the
six
months ended in Jun. 2023 was 42.13.
Magnit PJSC's Days Payable for the
six
months ended in Jun. 2023 was 37.42.
Therefore, Magnit PJSC's Cash Conversion Cycle (CCC) for the
six
months ended in Jun. 2023 was 6.17.
Magnit PJSC (MIC:MGNT) 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.
Magnit PJSC Cash Conversion Cycle Related Terms
Magnit PJSC Cash Conversion Cycle Historical Data
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The historical data trend for Magnit 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.
MIC:MGNT vs WMT, COST, TGT: Cash Conversion Cycle Comparison
For the Discount Stores subindustry, Magnit 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.
Magnit PJSC Cash Conversion Cycle vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Cash Conversion Cycle falls into.
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.
Magnit PJSC'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.
Magnit PJSC (MIC:MGNT) has a Cash Conversion Cycle of 6.17 as of Jun. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Cash Conversion Cycle too high?
Magnit PJSC's current Cash Conversion Cycle is 6.17. The Retail - Defensive industry median Cash Conversion Cycle is 19.65. Magnit PJSC's value of 6.17 is 68.6% below this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Cash Conversion Cycle compare to WMT and COST?
Magnit PJSC's Cash Conversion Cycle of 6.17 can be compared against companies in the Retail - Defensive industry. The industry median Cash Conversion Cycle is 19.65. Magnit PJSC's value of 6.17 is 68.6% below 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 Retail - Defensive company?
The median Cash Conversion Cycle among Retail - Defensive companies is 19.65, based on 309 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. Magnit PJSC's current Cash Conversion Cycle of 6.17 is 68.6% below 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 Magnit PJSC and its competitors. For the Retail - Defensive 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. Magnit PJSC's current Cash Conversion Cycle is 6.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Cash Conversion Cycle of 6.17. The current Cash Conversion Cycle is 6.17 and 68.6% below the Retail - Defensive industry median of 19.65. Magnit 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 Magnit PJSC (MIC:MGNT), the current Cash Conversion Cycle is 6.17 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.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score
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