Rizzo Group AB (OSTO:RIZZO B) Cash Conversion Cycle : -103.57 (As of Nov. 2023)

Rizzo Group AB Cash Conversion Cycle Chart

Rizzo Group AB Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Cash Conversion Cycle		Get a 7-Day Free Trial					65.29	21.65	-51.66	-31.98	-79.98

Rizzo Group AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash Conversion Cycle	Get a 7-Day Free Trial															-102.98	22.27	14.28	-70.00	-103.57

Competitive Comparison of Rizzo Group AB's Cash Conversion Cycle

For the Apparel Retail subindustry, Rizzo Group 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.

Rizzo Group AB's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rizzo Group AB's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Rizzo Group AB's Cash Conversion Cycle falls into.

Rizzo Group 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.

Rizzo Group AB's Cash Conversion Cycle for the fiscal year that ended in Aug. 2023 is calculated as

Rizzo Group AB's Cash Conversion Cycle for the quarter that ended in Nov. 2023 is calculated as:

* 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.

Rizzo Group AB  (OSTO:RIZZO B) 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.

Rizzo Group AB Cash Conversion Cycle Related Terms

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Rizzo Group AB (OSTO:RIZZO B) Business Description