Aatmaj Healthcare (NSE:AATMAJ) Cash Conversion Cycle: 337.84 (As of Mar. 2024)

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NSE:AATMAJ Aatmaj Healthcare Ltd NSE:AATMAJ
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What is Aatmaj Healthcare Cash Conversion Cycle?

Aatmaj Healthcare NSE:AATMAJ 24 Cash Conversion Cycle is 337.84 as of Mar. 2024. GuruFocus rates NSE:AATMAJ with a GF Score™ of 24/100.

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

Aatmaj Healthcare's Days Sales Outstanding for the six months ended in Mar. 2024 was 445.79.
Aatmaj Healthcare's Days Inventory for the six months ended in Mar. 2024 was 46.88.
Aatmaj Healthcare's Days Payable for the six months ended in Mar. 2024 was 154.83.
Therefore, Aatmaj Healthcare's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2024 was 337.84.


Aatmaj Healthcare  (NSE:AATMAJ) 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.


Aatmaj Healthcare Cash Conversion Cycle Related Terms


Aatmaj Healthcare Cash Conversion Cycle Historical Data

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The historical data trend for Aatmaj Healthcare'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.

Aatmaj Healthcare Cash Conversion Cycle Chart

Aatmaj Healthcare Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle
-350.81 -89.59 -76.39 61.97 337.84

Aatmaj Healthcare Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle -350.81 -89.59 -76.39 61.97 337.84

NSE:AATMAJ vs HCA, THC, UHS: Cash Conversion Cycle Comparison

For the Medical Care Facilities subindustry, Aatmaj Healthcare'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.


Aatmaj Healthcare Cash Conversion Cycle vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aatmaj Healthcare's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Aatmaj Healthcare's Cash Conversion Cycle falls into.


NSE:AATMAJ
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Aatmaj Healthcare Ltd NSE:AATMAJ
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Aatmaj Healthcare 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.

Aatmaj Healthcare's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=445.79+46.88-154.83
=337.84

Aatmaj Healthcare's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=445.79+46.88-154.83
=337.84

* 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 337.84 mean?
Aatmaj Healthcare (NSE:AATMAJ) has a Cash Conversion Cycle of 337.84 as of Mar. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Aatmaj Healthcare and its competitors.
Is Aatmaj Healthcare's Cash Conversion Cycle too high?
Aatmaj Healthcare's current Cash Conversion Cycle is 337.84. The Healthcare Providers & Services industry median Cash Conversion Cycle is 17.83. Aatmaj Healthcare's value of 337.84 is 1794.8% above this industry median. Overall, Aatmaj Healthcare has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Aatmaj Healthcare's Cash Conversion Cycle compare to HCA and THC?
Aatmaj Healthcare's Cash Conversion Cycle of 337.84 can be compared against companies in the Healthcare Providers & Services industry. The industry median Cash Conversion Cycle is 17.83. Aatmaj Healthcare's value of 337.84 is 1794.8% 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 Healthcare Providers & Services company?
The median Cash Conversion Cycle among Healthcare Providers & Services companies is 17.83, based on 662 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. Aatmaj Healthcare's current Cash Conversion Cycle of 337.84 is 1794.8% 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 Aatmaj Healthcare and its competitors. For the Healthcare Providers & Services industry, the median Cash Conversion Cycle is 17.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aatmaj Healthcare's current Cash Conversion Cycle is 337.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aatmaj Healthcare stock overvalued right now?
Aatmaj Healthcare (NSE:AATMAJ) has a current Cash Conversion Cycle of 337.84. The current Cash Conversion Cycle is 337.84 and 1794.8% above the Healthcare Providers & Services industry median of 17.83. Aatmaj Healthcare's overall GF Score™ is 24/100. 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 Aatmaj Healthcare (NSE:AATMAJ), the current Cash Conversion Cycle is 337.84 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.

Aatmaj Healthcare Business Description

Address Sunpharma Ataladra Road, Jupiter Hospital, Opposite ICAI Bhavan, Vadodara, GJ, IND, 390012
Aatmaj Healthcare Ltd is engaged in healthcare services and running a multi-specialty hospital at various places. It has a team of medical practitioners who ensure that patients get quality healthcare services. It offers services such as Trauma Center, Ambulance, and Others.
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