Oriana Power (NSE:ORIANA) Cash Conversion Cycle : 12.54 (As of Mar. 2023)

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What is Oriana Power Cash Conversion Cycle?

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

Oriana Power's Days Sales Outstanding for the six months ended in Mar. 2023 was 59.83.
Oriana Power's Days Inventory for the six months ended in Mar. 2023 was 12.28.
Oriana Power's Days Payable for the six months ended in Mar. 2023 was 59.57.
Therefore, Oriana Power's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2023 was 12.54.

Oriana Power Cash Conversion Cycle Historical Data

The historical data trend for Oriana Power'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.

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Oriana Power Cash Conversion Cycle Chart

Oriana Power Annual Data

Trend

Mar21

Mar22

Mar23

Cash Conversion Cycle

65.04

7.11

12.54

Oriana Power Semi-Annual Data
	Mar21	Mar22	Mar23
Cash Conversion Cycle	65.04	7.11	12.54

Competitive Comparison of Oriana Power's Cash Conversion Cycle

For the Utilities - Renewable subindustry, Oriana Power'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.

Oriana Power's Cash Conversion Cycle Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Oriana Power's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Oriana Power's Cash Conversion Cycle falls into.

Oriana Power 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.

Oriana Power's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	59.83	+	12.28	-	59.57
	=	12.54

Oriana Power's Cash Conversion Cycle for the quarter that ended in Mar. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	59.83	+	12.28	-	59.57
	=	12.54

Oriana Power (NSE:ORIANA) 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.

Oriana Power Cash Conversion Cycle Related Terms

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Oriana Power (NSE:ORIANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Oriana Power Ltd (NSE:ORIANA) » Definitions » Cash Conversion Cycle

Traded in Other Exchanges

N/A

Address

First Floor C-103 Sector-2, Noida Gautam Buddha Nagar, Noida, Ghaziabad, UP, IND, 201301

Website

https://www.orianapower.com

Oriana Power Ltd is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers low-carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. Under CAPEX Model it has delivered projects with a capacity exceeding 100 MWp across various locations across India.

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