Atlas Consolidated Mining & Development (PHS:AT) Cash Conversion Cycle : -32.77 (As of Mar. 2024)

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What is Atlas Consolidated Mining & Development Cash Conversion Cycle?

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

Atlas Consolidated Mining & Development's Days Sales Outstanding for the three months ended in Mar. 2024 was 7.79.
Atlas Consolidated Mining & Development's Days Inventory for the three months ended in Mar. 2024 was 22.06.
Atlas Consolidated Mining & Development's Days Payable for the three months ended in Mar. 2024 was 62.62.
Therefore, Atlas Consolidated Mining & Development's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was -32.77.

Atlas Consolidated Mining & Development Cash Conversion Cycle Historical Data

The historical data trend for Atlas Consolidated Mining & Development'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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Atlas Consolidated Mining & Development Cash Conversion Cycle Chart

Atlas Consolidated Mining & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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40.87

23.12

12.09

-7.31

-26.87

Atlas Consolidated Mining & Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Conversion Cycle	Get a 7-Day Free Trial															-41.81	-53.63	-55.41	-37.17	-32.77

Competitive Comparison of Atlas Consolidated Mining & Development's Cash Conversion Cycle

For the Copper subindustry, Atlas Consolidated Mining & Development'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.

Atlas Consolidated Mining & Development's Cash Conversion Cycle Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atlas Consolidated Mining & Development's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Atlas Consolidated Mining & Development's Cash Conversion Cycle falls into.

Atlas Consolidated Mining & Development 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.

Atlas Consolidated Mining & Development'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
	=	4.16	+	24.33	-	55.36
	=	-26.87

Atlas Consolidated Mining & Development'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
	=	7.79	+	22.06	-	62.62
	=	-32.77

Atlas Consolidated Mining & Development (PHS:AT) 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.

Atlas Consolidated Mining & Development Cash Conversion Cycle Related Terms

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Atlas Consolidated Mining & Development (PHS:AT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Consolidated Mining & Development Corp (PHS:AT) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palm Coast Avenue Corner Pacific Drive, 5th Floor, Five E-Com Center, Mall of Asia Complex, Metro Manila, Pasay, RIZ, PHL, 1300

Website

https://www.atlasmining.com.ph

Atlas Consolidated Mining & Development Corp is engaged in metallic mineral mining and exploration and produces copper concentrate, magnetite iron ore concentrate, and others. The company operates in two segments Mining and Non-Mining. Its mining segment is engaged in exploration and mining operations and the non-mining segment is engaged in services, bulk water supply or acts as holding company. The company generates a majority of its revenue from the Mining Segment. It is also engaged in the development and commercial production of other marketable by-products such as pyrite, magnetite, and molybdenum.