The Planting Hope Co's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 38.12.
The Planting Hope Co's Days Inventory for the
three
months ended in Sep. 2023 was 109.48.
The Planting Hope Co's Days Payable for the
three
months ended in Sep. 2023 was 0.
Therefore, The Planting Hope Co's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 147.60.
The Planting Hope Co (OTCPK:MYLKF) 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.
The Planting Hope Co Cash Conversion Cycle Related Terms
The Planting Hope Co Cash Conversion Cycle Historical Data
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The historical data trend for The Planting Hope Co'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.
MYLKF vs KHC, GIS: Cash Conversion Cycle Comparison
For the Packaged Foods subindustry, The Planting Hope Co'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.
The Planting Hope Co Cash Conversion Cycle vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where The Planting Hope Co's Cash Conversion Cycle falls into.
The Planting Hope Co 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.
The Planting Hope Co'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.
The Planting Hope Co (MYLKF) has a Cash Conversion Cycle of 147.60 as of Sep. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on The Planting Hope Co and its competitors.
Is The Planting Hope Co's Cash Conversion Cycle too high?
The Planting Hope Co's current Cash Conversion Cycle is 147.60. The Consumer Packaged Goods industry median Cash Conversion Cycle is 75.49. The Planting Hope Co's value of 147.60 is 95.5% above this industry median.
How does The Planting Hope Co's Cash Conversion Cycle compare to KHC and GIS?
The Planting Hope Co's Cash Conversion Cycle of 147.60 can be compared against companies in the Consumer Packaged Goods industry. The industry median Cash Conversion Cycle is 75.49. The Planting Hope Co's value of 147.60 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 Consumer Packaged Goods company?
The median Cash Conversion Cycle among Consumer Packaged Goods companies is 75.49, based on 1,943 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. The Planting Hope Co's current Cash Conversion Cycle of 147.60 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 The Planting Hope Co and its competitors. For the Consumer Packaged Goods industry, the median Cash Conversion Cycle is 75.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Planting Hope Co's current Cash Conversion Cycle is 147.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Planting Hope Co stock overvalued right now?
The Planting Hope Co (MYLKF) has a current Cash Conversion Cycle of 147.60. The current Cash Conversion Cycle is 147.60 and 95.5% above the Consumer Packaged Goods industry median of 75.49. 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 The Planting Hope Co (MYLKF), the current Cash Conversion Cycle is 147.60 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.
The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.
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