Nippon Prologis REIT (TSE:3283) Cash Conversion Cycle : -16.10 (As of May. 2022)

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What is Nippon Prologis REIT Cash Conversion Cycle?

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

Nippon Prologis REIT's Days Sales Outstanding for the six months ended in May. 2022 was 9.42.
Nippon Prologis REIT's Days Inventory for the six months ended in May. 2022 was 0.
Nippon Prologis REIT's Days Payable for the six months ended in May. 2022 was 25.52.
Therefore, Nippon Prologis REIT's Cash Conversion Cycle (CCC) for the six months ended in May. 2022 was -16.10.

Nippon Prologis REIT Cash Conversion Cycle Historical Data

The historical data trend for Nippon Prologis REIT'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.

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Nippon Prologis REIT Cash Conversion Cycle Chart

Nippon Prologis REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Cash Conversion Cycle

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-26.21

-20.94

-21.04

-24.95

-25.66

Nippon Prologis REIT Semi-Annual Data
	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22
Cash Conversion Cycle	Get a 7-Day Free Trial														-19.53	-23.08	-21.20	-19.55	-16.10

Competitive Comparison of Nippon Prologis REIT's Cash Conversion Cycle

For the REIT - Industrial subindustry, Nippon Prologis REIT'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.

Nippon Prologis REIT's Cash Conversion Cycle Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Prologis REIT's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Nippon Prologis REIT's Cash Conversion Cycle falls into.

Nippon Prologis REIT 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.

Nippon Prologis REIT's Cash Conversion Cycle for the fiscal year that ended in Nov. 2021 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	9.11	+	0	-	34.77
	=	-25.66

Nippon Prologis REIT's Cash Conversion Cycle for the quarter that ended in May. 2022 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	9.42	+	0	-	25.52
	=	-16.10

Nippon Prologis REIT (TSE:3283) 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.

Nippon Prologis REIT Cash Conversion Cycle Related Terms

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Nippon Prologis REIT (TSE:3283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Prologis REIT Inc (TSE:3283) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

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Address

Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421

Website

http://www.prologis-reit.co.jp

Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

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