Mijem Newcomm Tech (XCNQ:MJEM) Cash Conversion Cycle : 0.00 (As of Jan. 2024)

Mijem Newcomm Tech Cash Conversion Cycle Chart

Mijem Newcomm Tech Quarterly Data
	Oct20	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
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Competitive Comparison of Mijem Newcomm Tech's Cash Conversion Cycle

For the Software - Application subindustry, Mijem Newcomm Tech'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.

Mijem Newcomm Tech's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Mijem Newcomm Tech's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Mijem Newcomm Tech's Cash Conversion Cycle falls into.

Mijem Newcomm Tech 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.

Mijem Newcomm Tech's Cash Conversion Cycle for the fiscal year that ended in Jul. 2023 is calculated as

Mijem Newcomm Tech's Cash Conversion Cycle for the quarter that ended in Jan. 2024 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.

Mijem Newcomm Tech  (XCNQ:MJEM) 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.

Mijem Newcomm Tech Cash Conversion Cycle Related Terms

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Mijem Newcomm Tech (XCNQ:MJEM) Business Description