PhosAgro PJSC's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 43.58.
PhosAgro PJSC's Days Inventory for the
three
months ended in Sep. 2023 was 62.8.
PhosAgro PJSC's Days Payable for the
three
months ended in Sep. 2023 was 25.64.
Therefore, PhosAgro PJSC's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 80.74.
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.
PhosAgro PJSC Cash Conversion Cycle Related Terms
PhosAgro PJSC Cash Conversion Cycle Historical Data
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The historical data trend for PhosAgro 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:PHOR vs CTVA, CF, MOS: Cash Conversion Cycle Comparison
For the Agricultural Inputs subindustry, PhosAgro 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.
PhosAgro PJSC Cash Conversion Cycle vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PhosAgro PJSC's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where PhosAgro 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.
PhosAgro 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.
PhosAgro PJSC (MIC:PHOR) has a Cash Conversion Cycle of 80.74 as of Sep. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on PhosAgro PJSC and its competitors.
Is PhosAgro PJSC's Cash Conversion Cycle too high?
PhosAgro PJSC's current Cash Conversion Cycle is 80.74. The Agriculture industry median Cash Conversion Cycle is 99.32. PhosAgro PJSC's value of 80.74 is 18.7% below this industry median. Overall, PhosAgro PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PhosAgro PJSC's Cash Conversion Cycle compare to CTVA and CF?
PhosAgro PJSC's Cash Conversion Cycle of 80.74 can be compared against companies in the Agriculture industry. The industry median Cash Conversion Cycle is 99.32. PhosAgro PJSC's value of 80.74 is 18.7% 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 an Agriculture company?
The median Cash Conversion Cycle among Agriculture companies is 99.32, based on 250 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. PhosAgro PJSC's current Cash Conversion Cycle of 80.74 is 18.7% 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 PhosAgro PJSC and its competitors. For the Agriculture industry, the median Cash Conversion Cycle is 99.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PhosAgro PJSC's current Cash Conversion Cycle is 80.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhosAgro PJSC stock overvalued right now?
PhosAgro PJSC (MIC:PHOR) has a current Cash Conversion Cycle of 80.74. The current Cash Conversion Cycle is 80.74 and 18.7% below the Agriculture industry median of 99.32. PhosAgro 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 PhosAgro PJSC (MIC:PHOR), the current Cash Conversion Cycle is 80.74 as of Sep. 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.
PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.
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