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Chuetsu Pulp & Paper Co (TSE:3877) Cash Conversion Cycle : 97.35 (As of Dec. 2023)


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What is Chuetsu Pulp & Paper Co Cash Conversion Cycle?

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

Chuetsu Pulp & Paper Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 95.78.
Chuetsu Pulp & Paper Co's Days Inventory for the three months ended in Dec. 2023 was 70.53.
Chuetsu Pulp & Paper Co's Days Payable for the three months ended in Dec. 2023 was 68.96.
Therefore, Chuetsu Pulp & Paper Co's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 97.35.


Chuetsu Pulp & Paper Co Cash Conversion Cycle Historical Data

The historical data trend for Chuetsu Pulp & Paper 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.

* Premium members only.

Chuetsu Pulp & Paper Co Cash Conversion Cycle Chart

Chuetsu Pulp & Paper Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.92 88.22 103.80 93.20 87.88

Chuetsu Pulp & Paper Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.40 86.71 102.28 102.41 97.35

Competitive Comparison of Chuetsu Pulp & Paper Co's Cash Conversion Cycle

For the Paper & Paper Products subindustry, Chuetsu Pulp & Paper 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.


Chuetsu Pulp & Paper Co's Cash Conversion Cycle Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Chuetsu Pulp & Paper Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Chuetsu Pulp & Paper Co's Cash Conversion Cycle falls into.



Chuetsu Pulp & Paper 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.

Chuetsu Pulp & Paper Co's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=86.42+58.63-57.17
=87.88

Chuetsu Pulp & Paper Co'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
=95.78+70.53-68.96
=97.35

* 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.


Chuetsu Pulp & Paper Co  (TSE:3877) 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.


Chuetsu Pulp & Paper Co Cash Conversion Cycle Related Terms

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Chuetsu Pulp & Paper Co (TSE:3877) Business Description

Traded in Other Exchanges
N/A
Address
2-10-6 Ginza, Chuo-ku, Tokyo, JPN, 1048124
Chuetsu Pulp & Paper Co Ltd is engaged in the manufacturing and sale of paper and pulp products. It offers varied products in following categories; paper and pulp manufacturing unit produces newsprint, printing paper, packaging paper, and special paper, paperboard, and pulp products. The Paper-processed Products include paper bags, paper tubes, cardboard boxes, and notebooks. The Power unit deals with the sale of electricity. It is also involved in the forestry, lumbering, and wood processing activities; manufacture, buying, and sale of chemicals; management, leasing, buying, and sale of real estate properties.

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