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Jiuzi Holdings (Jiuzi Holdings) Cash Conversion Cycle : 43.22 (As of Oct. 2023)


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What is Jiuzi Holdings Cash Conversion Cycle?

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

Jiuzi Holdings's Days Sales Outstanding for the six months ended in Oct. 2023 was 7.48.
Jiuzi Holdings's Days Inventory for the six months ended in Oct. 2023 was 36.09.
Jiuzi Holdings's Days Payable for the six months ended in Oct. 2023 was 0.35.
Therefore, Jiuzi Holdings's Cash Conversion Cycle (CCC) for the six months ended in Oct. 2023 was 43.22.


Jiuzi Holdings Cash Conversion Cycle Historical Data

The historical data trend for Jiuzi Holdings'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.

Jiuzi Holdings Cash Conversion Cycle Chart

Jiuzi Holdings Annual Data
Trend Oct18 Oct19 Oct20 Apr21 Oct22 Oct23
Cash Conversion Cycle
Get a 7-Day Free Trial 73.40 80.82 111.69 55.67 75.30

Jiuzi Holdings Semi-Annual Data
Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 37.00 70.62 156.59 43.22

Competitive Comparison of Jiuzi Holdings's Cash Conversion Cycle

For the Auto & Truck Dealerships subindustry, Jiuzi Holdings'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.


Jiuzi Holdings's Cash Conversion Cycle Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiuzi Holdings's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Jiuzi Holdings's Cash Conversion Cycle falls into.



Jiuzi Holdings 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.

Jiuzi Holdings's Cash Conversion Cycle for the fiscal year that ended in Oct. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=12.95+62.91-0.56
=75.30

Jiuzi Holdings's Cash Conversion Cycle for the quarter that ended in Oct. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=7.48+36.09-0.35
=43.22

* 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.


Jiuzi Holdings  (NAS:JZXN) 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.


Jiuzi Holdings Cash Conversion Cycle Related Terms

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Jiuzi Holdings (Jiuzi Holdings) Business Description

Traded in Other Exchanges
N/A
Address
No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000
Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.