Euroafrica Digital Ventures AB (OSTO:EURA) Cash Conversion Cycle : -595.04 (As of Mar. 2024)

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What is Euroafrica Digital Ventures AB Cash Conversion Cycle?

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

Euroafrica Digital Ventures AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.73.
Euroafrica Digital Ventures AB's Days Inventory for the three months ended in Mar. 2024 was 0.
Euroafrica Digital Ventures AB's Days Payable for the three months ended in Mar. 2024 was 630.77.
Therefore, Euroafrica Digital Ventures AB's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was -595.04.

Euroafrica Digital Ventures AB Cash Conversion Cycle Historical Data

The historical data trend for Euroafrica Digital Ventures AB'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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Euroafrica Digital Ventures AB Cash Conversion Cycle Chart

Euroafrica Digital Ventures AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

41.56

6.88

-8.17

-22.10

Euroafrica Digital Ventures AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash Conversion Cycle	Get a 7-Day Free Trial									4.63	-99.83	-251.83	-	-595.04

Competitive Comparison of Euroafrica Digital Ventures AB's Cash Conversion Cycle

For the Information Technology Services subindustry, Euroafrica Digital Ventures AB'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.

Euroafrica Digital Ventures AB's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Euroafrica Digital Ventures AB's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Euroafrica Digital Ventures AB's Cash Conversion Cycle falls into.

Euroafrica Digital Ventures AB 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.

Euroafrica Digital Ventures AB's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	51.57	+	0	-	73.67
	=	-22.10

Euroafrica Digital Ventures AB'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
	=	35.73	+	0	-	630.77
	=	-595.04

Euroafrica Digital Ventures AB (OSTO:EURA) 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.

Euroafrica Digital Ventures AB Cash Conversion Cycle Related Terms

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Euroafrica Digital Ventures AB (OSTO:EURA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Euroafrica Digital Ventures AB (OSTO:EURA) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.

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