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Hatsun Agro Product (BOM:531531) Cash Conversion Cycle : 81.71 (As of Mar. 2024)


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What is Hatsun Agro Product Cash Conversion Cycle?

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

Hatsun Agro Product's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.45.
Hatsun Agro Product's Days Inventory for the three months ended in Mar. 2024 was 93.37.
Hatsun Agro Product's Days Payable for the three months ended in Mar. 2024 was 12.11.
Therefore, Hatsun Agro Product's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 81.71.


Hatsun Agro Product Cash Conversion Cycle Historical Data

The historical data trend for Hatsun Agro Product'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.

Hatsun Agro Product Cash Conversion Cycle Chart

Hatsun Agro Product Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.91 32.49 37.24 30.47 54.19

Hatsun Agro Product Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 27.69 23.37 43.90 44.53 81.71

Competitive Comparison of Hatsun Agro Product's Cash Conversion Cycle

For the Packaged Foods subindustry, Hatsun Agro Product'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.


Hatsun Agro Product's Cash Conversion Cycle Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hatsun Agro Product's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Hatsun Agro Product's Cash Conversion Cycle falls into.



Hatsun Agro Product 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.

Hatsun Agro Product's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=0.41+65.89-12.11
=54.19

Hatsun Agro Product's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0.45+93.37-12.11
=81.71

* 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.


Hatsun Agro Product  (BOM:531531) 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.


Hatsun Agro Product Cash Conversion Cycle Related Terms

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Hatsun Agro Product (BOM:531531) Business Description

Traded in Other Exchanges
Address
Plot No. 14, TNHB, Tamil Nadu Housing Board 'A' Road, Sholinganallur, Chennai, TN, IND, 600 119
Hatsun Agro Product Ltd provides a range of dairy products for the areas of cooking and consumption. Its products include milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, cattle feed, and others. The firm markets its products under Arokya, Hatsun, Arun, and Ibaco brand names. The company operates in single-segment Milk and Milk products. The company derives the majority of its revenue from the Milk and Milk products segment. Geographically, it generates maximum revenue from India.

Hatsun Agro Product (BOM:531531) Headlines

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