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Elektrokrajina AD (XBLB:EKBL-R-A) Cash Conversion Cycle : -747.68 (As of Dec. 2023)


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What is Elektrokrajina AD Cash Conversion Cycle?

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

Elektrokrajina AD's Days Sales Outstanding for the six months ended in Dec. 2023 was 46.25.
Elektrokrajina AD's Days Inventory for the six months ended in Dec. 2023 was 78.61.
Elektrokrajina AD's Days Payable for the six months ended in Dec. 2023 was 872.54.
Therefore, Elektrokrajina AD's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -747.68.


Elektrokrajina AD Cash Conversion Cycle Historical Data

The historical data trend for Elektrokrajina AD'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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Elektrokrajina AD Cash Conversion Cycle Chart

Elektrokrajina AD Annual Data
Trend Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial -188.00 -198.48 - -755.71 -747.68

Elektrokrajina AD Semi-Annual Data
Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial -188.00 -198.48 - -755.71 -747.68

Competitive Comparison of Elektrokrajina AD's Cash Conversion Cycle

For the Utilities - Regulated Electric subindustry, Elektrokrajina AD'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.


Elektrokrajina AD's Cash Conversion Cycle Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Elektrokrajina AD's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Elektrokrajina AD's Cash Conversion Cycle falls into.


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Elektrokrajina AD 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.

Elektrokrajina AD'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
=46.25+78.61-872.54
=-747.68

Elektrokrajina AD'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
=46.25+78.61-872.54
=-747.68

* 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.


Elektrokrajina AD  (XBLB:EKBL-R-A) 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.


Elektrokrajina AD Cash Conversion Cycle Related Terms

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Elektrokrajina AD Business Description

Traded in Other Exchanges
N/A
Address
95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000
Elektrokrajina AD is an electricity distribution company operating in Bosnia and Herzegovina. The activities of the company include distribution and supply of electricity and designing power facilities as well as building and maintaining them.

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