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Professional Medical Expertise Co (SAU:9574) Cash Conversion Cycle : 0.00 (As of Dec. 2022)


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What is Professional Medical Expertise Co Cash Conversion Cycle?

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

Professional Medical Expertise Co's Days Sales Outstanding for the three months ended in Dec. 2022 was .
Professional Medical Expertise Co's Days Inventory for the three months ended in Dec. 2022 was .
Professional Medical Expertise Co's Days Payable for the three months ended in Dec. 2022 was .
Therefore, Professional Medical Expertise Co's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2022 was 0.00.


Professional Medical Expertise Co Cash Conversion Cycle Historical Data

The historical data trend for Professional Medical Expertise Co'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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Professional Medical Expertise Co Cash Conversion Cycle Chart

Professional Medical Expertise Co Annual Data
Trend Dec22 Dec23
Cash Conversion Cycle
307.02 233.06

Professional Medical Expertise Co Quarterly Data
Dec22 Dec23
Cash Conversion Cycle - -

Competitive Comparison of Professional Medical Expertise Co's Cash Conversion Cycle

For the Medical Devices subindustry, Professional Medical Expertise Co'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.


Professional Medical Expertise Co's Cash Conversion Cycle Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Professional Medical Expertise Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Professional Medical Expertise Co's Cash Conversion Cycle falls into.



Professional Medical Expertise Co 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.

Professional Medical Expertise Co'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
=170.98+247.44-185.36
=233.06

Professional Medical Expertise Co's Cash Conversion Cycle for the quarter that ended in Dec. 2022 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=+-
=0.00

* 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.


Professional Medical Expertise Co  (SAU:9574) 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.


Professional Medical Expertise Co Cash Conversion Cycle Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Traded in Other Exchanges
N/A
Address
Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434
Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

Professional Medical Expertise Co (SAU:9574) Headlines

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