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Eveready East Africa's Days Sales Outstanding for the
six
months ended in Mar. 2024 was 315.75.
Eveready East Africa's Days Inventory for the
six
months ended in Mar. 2024 was 193.66.
Eveready East Africa's Days Payable for the
six
months ended in Mar. 2024 was 11145.37.
Therefore, Eveready East Africa's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2024 was -10,635.96.
Eveready East Africa (NAI:EVRD) 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.
Eveready East Africa Cash Conversion Cycle Related Terms
Eveready East Africa Cash Conversion Cycle Historical Data
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The historical data trend for Eveready East Africa'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.
NAI:EVRD vs GWW, FAST, FERG: Cash Conversion Cycle Comparison
For the Industrial Distribution subindustry, Eveready East Africa'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.
Eveready East Africa Cash Conversion Cycle vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Eveready East Africa's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Eveready East Africa's Cash Conversion Cycle falls into.
Eveready East Africa 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.
Eveready East Africa's Cash Conversion Cycle for the fiscal year that ended in Sep. 2023 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.
What does a Cash Conversion Cycle of -10,635.96 mean?
Eveready East Africa (NAI:EVRD) has a Cash Conversion Cycle of -10,635.96 as of Mar. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Eveready East Africa and its competitors.
Is Eveready East Africa's Cash Conversion Cycle too high?
Eveready East Africa's current Cash Conversion Cycle is -10,635.96. Overall, Eveready East Africa has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Eveready East Africa's Cash Conversion Cycle compare to GWW and FAST?
Eveready East Africa's Cash Conversion Cycle of -10,635.96 can be compared against companies in the Industrial Distribution industry. The industry median Cash Conversion Cycle is 101.12. 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 Industrial Distribution company?
The median Cash Conversion Cycle among Industrial Distribution companies is 101.12, based on 158 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. 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 Eveready East Africa and its competitors. For the Industrial Distribution industry, the median Cash Conversion Cycle is 101.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eveready East Africa's current Cash Conversion Cycle is -10,635.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eveready East Africa stock overvalued right now?
Eveready East Africa (NAI:EVRD) has a current Cash Conversion Cycle of -10,635.96. The current Cash Conversion Cycle is -10,635.96. Eveready East Africa's overall GF Score™ is 6/100. 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 Eveready East Africa (NAI:EVRD), the current Cash Conversion Cycle is -10,635.96 as of Mar. 2024. 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.
Eveready East Africa PLC is Kenya-based firm. The company is mainly engaged in the production, distribution, and sales of portable power solutions. Its product portfolio is divided into three categories namely, Automotive comprises of free car batteries, battery water, and battery acid; Fabric comprises of Clorox and cleaning products; and Household dry cell batteries. The company offers its products under the brand name, TURBO, EVERCLEAN.
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