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Ecopro Materials Co (XKRX:450080) Cash Conversion Cycle : 316.58 (As of Dec. 2024)


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What is Ecopro Materials Co Cash Conversion Cycle?

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

Ecopro Materials Co's Days Sales Outstanding for the three months ended in Dec. 2024 was 80.63.
Ecopro Materials Co's Days Inventory for the three months ended in Dec. 2024 was 245.65.
Ecopro Materials Co's Days Payable for the three months ended in Dec. 2024 was 9.7.
Therefore, Ecopro Materials Co's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2024 was 316.58.


Ecopro Materials Co Cash Conversion Cycle Historical Data

The historical data trend for Ecopro Materials Co'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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Ecopro Materials Co Cash Conversion Cycle Chart

Ecopro Materials Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Cash Conversion Cycle
131.03 102.22 80.18 275.37

Ecopro Materials Co Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.04 279.80 452.75 324.91 316.58

Competitive Comparison of Ecopro Materials Co's Cash Conversion Cycle

For the Electrical Equipment & Parts subindustry, Ecopro Materials Co'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.


Ecopro Materials Co's Cash Conversion Cycle Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ecopro Materials Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Ecopro Materials Co's Cash Conversion Cycle falls into.


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Ecopro Materials Co 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.

Ecopro Materials Co's Cash Conversion Cycle for the fiscal year that ended in Dec. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=102.97+187.43-15.03
=275.37

Ecopro Materials Co's Cash Conversion Cycle for the quarter that ended in Dec. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=80.63+245.65-9.7
=316.58

* 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.


Ecopro Materials Co  (XKRX:450080) 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.


Ecopro Materials Co Cash Conversion Cycle Related Terms

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Ecopro Materials Co Business Description

Traded in Other Exchanges
N/A
Address
15 Yeongilmansandannam-ro, 75beon-gil, Heunghae-eup, Buk-gu, Gyeongsangbuk-do, Pohang-si, KOR
Ecopro Materials Co Ltd is a company which specializes in the production and sales of precursors for high-nickel cathode materials for secondary batteries, one of the key materials for high-nickel anode materials for secondary batteries. Precursors account for the highest cost of cathode materials, and at the same time, precursor synthesis technology can determine the core performance of cathode materials, making them a very important raw material for cathode active materials.

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