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Japan Metropolitan Fund Investment (FRA:59JA) Cash Conversion Cycle : -45.20 (As of Aug. 2023)


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What is Japan Metropolitan Fund Investment Cash Conversion Cycle?

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

Japan Metropolitan Fund Investment's Days Sales Outstanding for the six months ended in Aug. 2023 was 5.11.
Japan Metropolitan Fund Investment's Days Inventory for the six months ended in Aug. 2023 was 0.
Japan Metropolitan Fund Investment's Days Payable for the six months ended in Aug. 2023 was 50.31.
Therefore, Japan Metropolitan Fund Investment's Cash Conversion Cycle (CCC) for the six months ended in Aug. 2023 was -45.20.


Japan Metropolitan Fund Investment Cash Conversion Cycle Historical Data

The historical data trend for Japan Metropolitan Fund Investment'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.

Japan Metropolitan Fund Investment Cash Conversion Cycle Chart

Japan Metropolitan Fund Investment Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.58 -27.62 -32.65 -29.43 -39.84

Japan Metropolitan Fund Investment Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 -37.10 -38.10 -42.04 -45.20 -45.53

Competitive Comparison of Japan Metropolitan Fund Investment's Cash Conversion Cycle

For the REIT - Retail subindustry, Japan Metropolitan Fund Investment'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.


Japan Metropolitan Fund Investment's Cash Conversion Cycle Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Japan Metropolitan Fund Investment's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Japan Metropolitan Fund Investment's Cash Conversion Cycle falls into.



Japan Metropolitan Fund Investment 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.

Japan Metropolitan Fund Investment's Cash Conversion Cycle for the fiscal year that ended in Aug. 2022 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=4.92+0-44.76
=-39.84

Japan Metropolitan Fund Investment's Cash Conversion Cycle for the quarter that ended in Aug. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=5.11+0-50.31
=-45.20

* 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.


Japan Metropolitan Fund Investment  (FRA:59JA) 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.


Japan Metropolitan Fund Investment Cash Conversion Cycle Related Terms

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Japan Metropolitan Fund Investment (FRA:59JA) Business Description

Traded in Other Exchanges
Address
Marunouchi 2-chome, Tokyo Building 7-3, Chiyoda-ku, Tokyo, JPN, 100-6420
Japan Metropolitan Fund Investment Corp is a Japanese real estate investment trust that specialises in retail properties. The company principally generates revenue from leasing properties to tenants, which include supermarkets, clothing and accessory stores, cosmetic shops, general merchandise stores, and entertainment venues. The company's properties are located domestically in urban and suburban areas, with approximately half in the Greater Tokyo metropolitan area and the remaining in Osaka, Nagoya and surrounding areas, and other major cities.

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