Woodside Energy Group (Woodside Energy Group) Cash Conversion Cycle : -26.62 (As of Dec. 2023)

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What is Woodside Energy Group Cash Conversion Cycle?

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

Woodside Energy Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 30.25.
Woodside Energy Group's Days Inventory for the six months ended in Dec. 2023 was 32.93.
Woodside Energy Group's Days Payable for the six months ended in Dec. 2023 was 89.8.
Therefore, Woodside Energy Group's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -26.62.

Woodside Energy Group Cash Conversion Cycle Historical Data

The historical data trend for Woodside Energy Group'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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Woodside Energy Group Cash Conversion Cycle Chart

Woodside Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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0.67

17.45

9.99

-24.16

-31.54

Woodside Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial															0.31	-28.06	-35.67	-32.68	-26.62

Competitive Comparison of Woodside Energy Group's Cash Conversion Cycle

For the Oil & Gas E&P subindustry, Woodside Energy Group'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.

Woodside Energy Group's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Woodside Energy Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Woodside Energy Group's Cash Conversion Cycle falls into.

Woodside Energy Group 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.

Woodside Energy Group'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
	=	26.47	+	31.41	-	89.42
	=	-31.54

Woodside Energy Group'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
	=	30.25	+	32.93	-	89.8
	=	-26.62

Woodside Energy Group (OTCPK:WOPEF) 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.

Woodside Energy Group Cash Conversion Cycle Related Terms

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Woodside Energy Group (Woodside Energy Group) Business Description

Industry

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Address

11 Mount Street, Mia Yellagonga, Perth, WA, AUS, 6000

Website

https://www.woodside.com.au

Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.