Stornoway Diamond's Days Sales Outstanding for the
three
months ended in Jun. 2019 was 2.88.
Stornoway Diamond's Days Inventory for the
three
months ended in Jun. 2019 was 73.69.
Stornoway Diamond's Days Payable for the
three
months ended in Jun. 2019 was 0.
Therefore, Stornoway Diamond's Cash Conversion Cycle (CCC) for the
three
months ended in Jun. 2019 was 76.57.
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.
Stornoway Diamond Cash Conversion Cycle Related Terms
Stornoway Diamond Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Stornoway Diamond'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.
SWYDF vs DYNR, CTDT: Cash Conversion Cycle Comparison
For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.
Stornoway Diamond Cash Conversion Cycle vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Stornoway Diamond's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Stornoway Diamond's Cash Conversion Cycle falls into.
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.
Stornoway Diamond's Cash Conversion Cycle for the fiscal year that ended in Dec. 2018 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.
Stornoway Diamond (SWYDF) has a Cash Conversion Cycle of 76.57 as of Jun. 2019. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Cash Conversion Cycle too high?
Stornoway Diamond's current Cash Conversion Cycle is 76.57. The Metals & Mining industry median Cash Conversion Cycle is 15.02. Stornoway Diamond's value of 76.57 is 410% above this industry median.
How does Stornoway Diamond's Cash Conversion Cycle compare to DYNR and CTDT?
Stornoway Diamond's Cash Conversion Cycle of 76.57 can be compared against companies in the Metals & Mining industry. The industry median Cash Conversion Cycle is 15.02. Stornoway Diamond's value of 76.57 is 410% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Metals & Mining company?
The median Cash Conversion Cycle among Metals & Mining companies is 15.02, based on 1,164 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stornoway Diamond's current Cash Conversion Cycle of 76.57 is 410% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Stornoway Diamond and its competitors. For the Metals & Mining industry, the median Cash Conversion Cycle is 15.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stornoway Diamond's current Cash Conversion Cycle is 76.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Cash Conversion Cycle of 76.57. The current Cash Conversion Cycle is 76.57 and 410% above the Metals & Mining industry median of 15.02. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Stornoway Diamond (SWYDF), the current Cash Conversion Cycle is 76.57 as of Jun. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.
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