Yudiz Solutions (NSE:YUDIZ) Cash Conversion Cycle : 24.93 (As of Mar. 2023)

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What is Yudiz Solutions Cash Conversion Cycle?

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

Yudiz Solutions's Days Sales Outstanding for the six months ended in Mar. 2023 was 34.6.
Yudiz Solutions's Days Inventory for the six months ended in Mar. 2023 was 0.
Yudiz Solutions's Days Payable for the six months ended in Mar. 2023 was 9.67.
Therefore, Yudiz Solutions's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2023 was 24.93.

Yudiz Solutions Cash Conversion Cycle Historical Data

The historical data trend for Yudiz Solutions'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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Yudiz Solutions Cash Conversion Cycle Chart

Yudiz Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash Conversion Cycle

28.34

18.50

5.93

32.27

Yudiz Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Cash Conversion Cycle	-	-	-	1.08	24.93

Competitive Comparison of Yudiz Solutions's Cash Conversion Cycle

For the Information Technology Services subindustry, Yudiz Solutions'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.

Yudiz Solutions's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Yudiz Solutions's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Yudiz Solutions's Cash Conversion Cycle falls into.

Yudiz Solutions 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.

Yudiz Solutions'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
	=	45.12	+	0	-	12.85
	=	32.27

Yudiz Solutions'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
	=	34.6	+	0	-	9.67
	=	24.93

Yudiz Solutions (NSE:YUDIZ) 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.

Yudiz Solutions Cash Conversion Cycle Related Terms

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Yudiz Solutions (NSE:YUDIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Yudiz Solutions Ltd (NSE:YUDIZ) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Iscon-Ambli Road, 13th Floor, B square 2, Ahmedabad, GJ, IND, 380054

Website

https://www.yudiz.com

Yudiz Solutions Ltd is engaged in the business of providing IT solutions and consultancy focused on providing scalable and secure solutions to shape a business idea by implementing the latest and cutting-edge technologies. It offers web, mobile, game and blockchain solutions for business. It is an ISO 9001:2015 certified IT development company and an ideal digital transformation and technology services company for customers' needs. The company has consistently delivered a competitive edge in the form of robust, fore-sighted, and qualitative solutions.

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