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Touei Housing (TSE:8875) Cash Conversion Cycle : 0.00 (As of Jul. 2013)


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What is Touei Housing Cash Conversion Cycle?

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

Touei Housing's Days Sales Outstanding for the three months ended in Jul. 2013 was 0.
Touei Housing's Days Inventory for the three months ended in Jul. 2013 was 0.
Touei Housing's Days Payable for the three months ended in Jul. 2013 was 0.
Therefore, Touei Housing's Cash Conversion Cycle (CCC) for the three months ended in Jul. 2013 was 0.00.


Touei Housing Cash Conversion Cycle Historical Data

The historical data trend for Touei Housing'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.

* Premium members only.

Touei Housing Cash Conversion Cycle Chart

Touei Housing Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13
Cash Conversion Cycle
206.26 135.64 0.65 0.69 0.07

Touei Housing Quarterly Data
Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 0.06 0.06 -

Competitive Comparison of Touei Housing's Cash Conversion Cycle

For the Real Estate Services subindustry, Touei Housing'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.


Touei Housing's Cash Conversion Cycle Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Touei Housing's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Touei Housing's Cash Conversion Cycle falls into.



Touei Housing 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.

Touei Housing's Cash Conversion Cycle for the fiscal year that ended in Jan. 2013 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=0+0.07-0
=0.07

Touei Housing's Cash Conversion Cycle for the quarter that ended in Jul. 2013 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+0-0
=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.


Touei Housing  (TSE:8875) 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.


Touei Housing Cash Conversion Cycle Related Terms

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Touei Housing (TSE:8875) Business Description

Traded in Other Exchanges
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Address
Touei Housing Corporation is a real estate company. It operates in residential and real estate businesses, with Detached Housing sales business as their core business. Its activities include sale of lots of land, construction contracting among others.

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