NextPlay Technologies (NextPlay Technologies) Cash Conversion Cycle : -1,843.78 (As of Nov. 2022)

View and export this data going back to 2021. Start your Free Trial

What is NextPlay Technologies Cash Conversion Cycle?

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

NextPlay Technologies's Days Sales Outstanding for the three months ended in Nov. 2022 was 0.
NextPlay Technologies's Days Inventory for the three months ended in Nov. 2022 was 0.
NextPlay Technologies's Days Payable for the three months ended in Nov. 2022 was 1843.78.
Therefore, NextPlay Technologies's Cash Conversion Cycle (CCC) for the three months ended in Nov. 2022 was -1,843.78.

NextPlay Technologies Cash Conversion Cycle Historical Data

The historical data trend for NextPlay Technologies'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.

* Premium members only.

NextPlay Technologies Cash Conversion Cycle Chart

NextPlay Technologies Annual Data

Trend

Feb21

Feb22

Cash Conversion Cycle

-553.59

NextPlay Technologies Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Cash Conversion Cycle	Get a 7-Day Free Trial			-	-342.43	-6,118.47	-1,232.60	-1,843.78

Competitive Comparison of NextPlay Technologies's Cash Conversion Cycle

For the Software - Infrastructure subindustry, NextPlay Technologies'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.

NextPlay Technologies's Cash Conversion Cycle Distribution in the Software Industry

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

* The bar in red indicates where NextPlay Technologies's Cash Conversion Cycle falls into.

NextPlay Technologies 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.

NextPlay Technologies's Cash Conversion Cycle for the fiscal year that ended in Feb. 2022 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	34.13	+	107.66	-	695.38
	=	-553.59

NextPlay Technologies's Cash Conversion Cycle for the quarter that ended in Nov. 2022 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	0	-	1843.78
	=	-1,843.78

NextPlay Technologies (OTCPK:NXTP) 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.

NextPlay Technologies Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of NextPlay Technologies's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.

NextPlay Technologies (NextPlay Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlay Technologies Inc (OTCPK:NXTP) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323

Website

https://www.nextplaytechnologies.com

NextPlay Technologies Inc is building a technology solutions company, offering games, in-game advertising, digital asset products and services, connected TV and travel booking services to consumers and corporations within a growing digital ecosystem. Its engaging products and services utilize advertising technology, Artificial Intelligence, and financial technology (FinTech) solutions to leverage the strengths and channels of its existing and acquired technologies. NextPlay is organized into 3 divisions NextMedia, its Interactive Digital Media Division (the Media Division); NextFinTech, its Finance and Technology (FinTech) Division; and NextTrip, its Travel Division.

Executives

Timothy James Sikora	officer: Chief Information Officer	133 N POMPANO BEACH BLVD, #1401, POMPANO BEACH FL 33062
Nutthaphol Rungsakhon	officer: Interim CFO	1560 SAWGRASS CORPORATE PARKWAY, 4TH FLOOR, SUNRISE FL 33323
Red Anchor Trading Corp.	10 percent owner	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Nextplay Holdings Llc	other: Group	1013 CENTRE STREET, SUITE 403-B 87-1942169, WILMINGTON DE 19805
Nithinan Boonyawattanapisut	director, 10 percent owner, officer: Co-CEO	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
John Todd Bonner	director	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
Found Side Ltd	other: Group	PGCS LTD., 2ND FLOOR, THE QUADRANT, MANGLIER STREET, VICTORIA, MAHE T2 00000
Cern One Ltd	other: Group	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Gardner Edward Terrence Jr.	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Farooq Moosa	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Yoshihiro Obata	director	4-9-34-303 MINAMIAZABU, MINATO-KU, TOKYOI M0 106-0047
Carmen L Diges	director	150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Thanin Pornsiritivet	other: Part of 10% owner group	5/150 WATCHARAPHON ROAD, THA RENG SUBDISTRICT, BANG KHEN DISTRICT, BANGKOK W1 10220
Andrew James Greaves	officer: Chief Operating Officer	HALLFARM, WINGERWORTH, CHESTERFIELD X0 S42 6PL
Stacey Donna Riddell	director	3210 S OCEAN BLVD., APT 602, HIGHLAND BEACH FL 33487