Media Investment Optimization (XMAD:MIO) Cash Conversion Cycle : -10.74 (As of Dec. 2023)

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What is Media Investment Optimization Cash Conversion Cycle?

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

Media Investment Optimization's Days Sales Outstanding for the six months ended in Dec. 2023 was 80.26.
Media Investment Optimization's Days Inventory for the six months ended in Dec. 2023 was 0.
Media Investment Optimization's Days Payable for the six months ended in Dec. 2023 was 91.
Therefore, Media Investment Optimization's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -10.74.

Media Investment Optimization Cash Conversion Cycle Historical Data

The historical data trend for Media Investment Optimization'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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Media Investment Optimization Cash Conversion Cycle Chart

Media Investment Optimization Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

-7.90

-12.80

-21.70

-6.44

Media Investment Optimization Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial			-	-21.08	-22.04	-23.63	-10.74

Competitive Comparison of Media Investment Optimization's Cash Conversion Cycle

For the Advertising Agencies subindustry, Media Investment Optimization'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.

Media Investment Optimization's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Media Investment Optimization's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Media Investment Optimization's Cash Conversion Cycle falls into.

Media Investment Optimization 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.

Media Investment Optimization'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
	=	73.8	+	0	-	80.24
	=	-6.44

Media Investment Optimization'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
	=	80.26	+	0	-	91
	=	-10.74

Media Investment Optimization (XMAD:MIO) 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.

Media Investment Optimization Cash Conversion Cycle Related Terms

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Media Investment Optimization (XMAD:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Investment Optimization SA (XMAD:MIO) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

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Address

Paseo Castellana 95 Pl 24, Torre Europa Building, Madrid, ESP, 28046

Website

https://www.mio.es

Media Investment Optimization SA is a consultancy company in the integration of marketing services and digital transformation, oriented to provide an impact on the income statement of its clients, through the use of technology. It is made up of different companies specialized in the fields of marketing and advertising: creativity, media buying, data analytics, social media, web development, marketing automation and technology.