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Jahez International Co for Information and Technology (SAU:9526) Cash Conversion Cycle : -45.73 (As of Dec. 2023)


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What is Jahez International Co for Information and Technology Cash Conversion Cycle?

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

Jahez International Co for Information and Technology's Days Sales Outstanding for the six months ended in Dec. 2023 was 6.09.
Jahez International Co for Information and Technology's Days Inventory for the six months ended in Dec. 2023 was 1.55.
Jahez International Co for Information and Technology's Days Payable for the six months ended in Dec. 2023 was 53.37.
Therefore, Jahez International Co for Information and Technology's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -45.73.


Jahez International Co for Information and Technology Cash Conversion Cycle Historical Data

The historical data trend for Jahez International Co for Information and Technology'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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Jahez International Co for Information and Technology Cash Conversion Cycle Chart

Jahez International Co for Information and Technology Annual Data
Trend Dec21 Dec22 Dec23
Cash Conversion Cycle
-74.99 -49.95 -47.60

Jahez International Co for Information and Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial -65.70 -61.54 -47.41 -43.37 -45.73

Competitive Comparison of Jahez International Co for Information and Technology's Cash Conversion Cycle

For the Internet Retail subindustry, Jahez International Co for Information and Technology'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.


Jahez International Co for Information and Technology's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jahez International Co for Information and Technology's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Jahez International Co for Information and Technology's Cash Conversion Cycle falls into.



Jahez International Co for Information and Technology 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.

Jahez International Co for Information and Technology'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
=6.05+1.42-55.07
=-47.60

Jahez International Co for Information and Technology's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=6.09+1.55-53.37
=-45.73

* 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.


Jahez International Co for Information and Technology  (SAU:9526) 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.


Jahez International Co for Information and Technology Cash Conversion Cycle Related Terms

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Jahez International Co for Information and Technology (SAU:9526) Business Description

Traded in Other Exchanges
N/A
Address
2065, King Abdullah bin Abdulaziz Road, P.O. Box 2065, Al-Waha District 8594, Riyadh, SAU, 12444
Jahez International Co for Information and Technology operates as an online food delivery platform, connecting users, merchants, and delivery partners across the Kingdom. It engages in providing wireless data services, systems analysis, designing and programming software and providing delivery services via e-platforms.

Jahez International Co for Information and Technology (SAU:9526) Headlines

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