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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Cash Conversion Cycle : -1.23 (As of Sep. 2023)


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What is El-Mor Electric Installation & Services (1986) Cash Conversion Cycle?

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

El-Mor Electric Installation & Services (1986)'s Days Sales Outstanding for the three months ended in Sep. 2023 was 64.41.
El-Mor Electric Installation & Services (1986)'s Days Inventory for the three months ended in Sep. 2023 was 6.05.
El-Mor Electric Installation & Services (1986)'s Days Payable for the three months ended in Sep. 2023 was 71.69.
Therefore, El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was -1.23.


El-Mor Electric Installation & Services (1986) Cash Conversion Cycle Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'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.

* Premium members only.

El-Mor Electric Installation & Services (1986) Cash Conversion Cycle Chart

El-Mor Electric Installation & Services (1986) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Conversion Cycle
Get a 7-Day Free Trial -2.85 7.25 -5.51 -14.61 -2.49

El-Mor Electric Installation & Services (1986) Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.22 -13.48 -10.33 -1.23

Competitive Comparison of El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle

For the Engineering & Construction subindustry, El-Mor Electric Installation & Services (1986)'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.


El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle Distribution in the Construction Industry

For the Construction industry and Industrials sector, El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle falls into.



El-Mor Electric Installation & Services (1986) 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.

El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=71.26+7.56-81.31
=-2.49

El-Mor Electric Installation & Services (1986)'s Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=64.41+6.05-71.69
=-1.23

* 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.


El-Mor Electric Installation & Services (1986)  (XTAE:ELMR) 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.


El-Mor Electric Installation & Services (1986) Cash Conversion Cycle Related Terms

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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Business Description

Traded in Other Exchanges
N/A
Address
22 Hotzot Haytozer Street, Ashkelon, ISR
El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Headlines

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