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	Cash conversion cycle - Wikipedia, the free encyclopedia
		Cash conversion cycle, also known as asset conversion cycle, net operating cycle, working capital cycle or just cash cycle, is a figure used in the financial analysis of a business.
		The cash conversion cycle is the number of days between paying for raw materials and receiving the cash from the sale of the goods made from that raw material.
		Conversely, a long cash conversion cycle indicates that capital is tied up while the business waits for customers to pay.
	www.wikipedia.org /wiki/Cash_conversion_cycle (346 words)

	Cash Flow Profits And The Cash Conversion Cycle - Business articles
		The cash conversion cycle is simply the duration of time it takes a firm to convert its activities requiring cash back into cash returns.
		The lower the cash conversion cycle, the more healthy a company generally is. If you compare the results of the cycle over time and see a rising trend it is often a warning sign that the business may be facing a cash flow crunch.
		When evaluating cash flow, those factors directly affecting profit, revenue and expenses, are easy to understand and their affect on cash is straight forward; decreases in costs or increases in profit margin results in less cash going out or more cash coming in, and increased profits.
	www.articles.scopulus.co.uk /Cash%20Flow%20Profits%20And%20The%20Cash%20Conversion%20Cycle.htm (948 words)

	Lean Supply Chain
		Cash conversion cycle is the elapsed time between paying for raw materials to fulfill the order and receiving payment from the customer.
		The average cash conversion cycle in the US was 100 days in 1998, this was a 10% improvement since 1994.
		Many organizations do not know their actual cash conversion cycle, yet it is one of the key metrics to business success and liquidity.
	www.leanmfgcoach.com /supplychain.htm (909 words)

	Nov/Dec 2003 Business Performance Advantage Newsletter
		Three methods, in particular, have condensed the cash conversion cycle in many businesses, or the time required for a dollar spent to be returned.
		Cash flow is not only concerned with the movement of dollars in and out of a business, but more importantly, the timing of that movement.
		The business of managing cash flow may be condensed into a fairly simple empirical equation known as the “cash conversion cycle” or CCC for short.
	www.cfoplus.net /newsletter/2003-NovDec-3.html (1076 words)

	Cash conversion cycle explained and its importance for your business (Site not responding. Last check: 2007-11-01)
		The Asset Conversion Cycle usually referred to as the Cash Conversion Cycle or Cash Cycle is an important analysis tool that allows the credit analyst to determine more easily why and when the business needs more cash to operate, and when and how it will be able to repay the cash.
		Once the cash conversion cycle for the borrower is mapped, the analyst is able to judge whether the purpose, repayment source and structure of the loan are the adequate ones.Managing asset conversion in favor of the business owner is the ultimate goal of transportation logistics and techniques such as just in time inventory.
		At its simplest expression the asset conversion cycle of a company is defined by the sum of the Accounts Receivable Turnover Days and the Inventory Turnover Days substracting the Accounts Payable Days.
	www.loanuniverse.com /cashcycle.html (658 words)

	Cash Conversion Cycle
		Cash is therefore not involved until the company pays the accounts payable and collects accounts receivable.
		So the cash conversion cycle measures the time between outlay of cash and the cash recovery.
		This cycle is extremely important for companies whose focus is the retail sector.
	investrio.investopedia.com /terms/c/cashconversioncycle.asp (133 words)

	cash conversion cycle and Stock Trading at TradeStars + Stock Trading (Site not responding. Last check: 2007-11-01)
		I am concerned that some people may be lured into the false belief that cash conversion cycle is a surefire North American cash conversion cycle Securities Administrators Association, Inc. issued a report that describes the major problems and abuses in the cash conversion cycle industry and summarizes the legal actions brought to date.
		Youll find that report and other information to go for help, while cash conversion cycle stock trading itself my be seen as the safest form of trading in the value of the securities that are purchased may require cash conversion cycle to provide for 90 days.
		The requirement will be applied to the highest cash conversion cycle opened for cash conversion cycle failure to meet a day trade margin call, more stringent rules apply than for general purpose stock traders, and this is well and good as trading
	www.tradestars.com /content/cash-conversion-cycle.asp (227 words)

	Cash conversion cycle - Wikipedia, the free encyclopedia (Site not responding. Last check: 2007-11-01)
		Cash conversion cycle, also known as asset conversion cycle, net operating cycle or just cash cycle, is a ratio used in the financial analysis of a business.
		The cash conversion cycle is the number of days between purchasing raw materials and receiving the cash from the sale of the goods made from that raw material.
		Cash Conversion Cycle = Average Inventory Collection Period (in days) + Average Receivables Processing Period (in days) – Average Payables Processing Period (in days)
	www.encyclopedia-online.info /Cash_conversion_cycle (146 words)

	Cash Conversion Cycle
		The company reduced its cash conversion cycle to a Fitch-estimated 41 days for fiscal 2005 from 50 days for fiscal 2004 and 59 days in fiscal 2003.
		The cash conversion cycle for the third quarter of 2005 was 4 days, a decrease of 2 days from the second quarter of 2005 and an increase of 1 day from the...
		Free cash flow was negative, inventory growth outpaced sales growth, and the cash conversion cycle slipped a bit from the prior quarter.
	finance.za-news.com /new/Cash_Conversion_Cycle.html (367 words)

	Cash conversion cycle (Site not responding. Last check: 2007-11-01)
		Cash conversion cycle, also known as asset conversion cycle, net operating cycle or just cash cycle, is aratio used in the financial analysis of a business.
		The higher the number, thelonger a firm's money is tied up in operations of the business and unavailable for otheractivities such as investing.
		The cash conversion cycle is the number of daysbetween purchasing raw materials and receiving the cash from the sale of the goods made from that raw material.
	www.therfcc.org /cash-conversion-cycle-29324.html (116 words)

	Cash Flow, Profits And The Cash Conversion Cycle
		Calculating cash flow is one of the most important tasks of the business owner.
		The Cash Conversion Cycle (CCC) is equal to the time is takes to sell inventory and collect receivables less the time it takes to pay your payables, or:
		You now have 7 days in your cycle during which you have repaid your supplier but will not receive payment for another 7 days from your buyer.
	www.bizwits.com /articlecty/business_finance/cash-flow-profits-and-the-cash-conversion-cycle.html (983 words)

	ISE review
		The cash conversion cycle, profitability, liquidity and debt structure were examined comparatively in this study on the basis of period, industry and firm size.
		The findings of our study suggest that cash conversion cycle is positively related to liquidity ratios and negatively related to return on asset and return on equity.
		There is no significant difference in the cash conversion cycle on the basis of period, but it differs on the basis of sector and firm size.
	www.ise.org /isereview/abstracts/isereview22.htm (536 words)

	net cash flow cycle (Site not responding. Last check: 2007-11-01)
		When operating cash flow is less than net income, there is something wrong with the cash cycle.
		working capital cash conversion cycle -- also often called the cash flow cycle -- is the length...
		Now your cash has completed its flow through the operating cycle, and the process is...
	www.locatingproperty.com /articles/44/net-cash-flow-cycle.html (779 words)

	Cash conversion cycle (Site not responding. Last check: 2007-11-01)
		Cash conversion cycle also known as asset conversion cycle operating cycle or just cash cycle is ratio used in the financial analysis of business.
		The cash conversion cycle is the of days between purchasing raw materials and receiving the cash from the sale of the goods from that raw material.
		The iPAQ fits nice and snug in the case leaving access to the voice recorder and IR port, headphone jack, microphone, SD card, sylus, as well as the port for recharging and synching.
	www.freeglossary.com /Cash_conversion_cycle (200 words)

	Fool.com: One Thing Investors Should Understand [Motley Fool Take] January 13, 2005
		The cash conversion cycle represents the time between when a company pays for its cost of goods sold and when it collects cash on the end sale.
		Year-to-year changes in the conversion cycle give investors a sense of management's commitment to efficiency improvements while also allowing investors to compare working capital requirements at various companies (and across industries).
		Improvements in a company's cash conversion cycle over time indicate a commitment to controlling working capital, a good example of which is Motley Fool Income Investor pick Heinz Foods (NYSE: HNZ).
	www.fool.com /News/mft/2005/mft05011315.htm (548 words)

	Fool.com: The $600 Billion Cash Cow [Motley Fool Take] September 27, 2004
		The CCC essentially represents the number of days it takes a company to turn inventory into cash, and the longer the CCC, the greater a company's working capital requirement.
		Not surprisingly, Dell's cash conversion cycle is negative, which means it collects cash, on average, 40 days before paying for inventory.
		If you keep an eye on the cash conversion cycle, you'll find companies squeezing every last bit of cash from their business and hopefully claiming their share of the $600 billion cash prize.
	www.fool.com /News/mft/2004/mft04092714.htm?ref=foolwatch (475 words)

	cash conversion cycle
		duration The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.
		In the context of hedging and futures contracts, the cash collateral deposited with a trader or exchanged as...
		that may reasonably be expected to be converted into cash, sold, or consumed during the normal operating cycle of a business, usually 12 months or less.
	www.idrassociate.org /yttrsi6i-4.html (642 words)

	Chapter 19
		(1) Disregarding the capacity to defer payables, the cash conversion cycle is the length of time between the payment of cash for inventory and receipt of cash from accounts receivable.
		(2) The cash conversion cycle is equal to the inventory conversion period, plus the receivables collection period, minus the payables deferral period.
		The cash conversion cycle is equal to the inventory conversion period, plus the receivables collection period, minus the payables deferral period.
	www.washburn.edu /sobu/rhull/cf19.html (3795 words)

	Cycle Time Reduction Driver to Supply Chain Management Results
		This new cycle time is total inventory days in the supply chain; and it is consistent with the length and definition of a supply chain.
		Identifying factors that add time to the cycle and implementing changes also requires seeing that there is an interconnection and interdependence of events and actions throughout the supply chain.
		Reducing supply chain cycle time means decreasing the days of inventory held and reducing the cash conversion cycle.
	www.webpronews.com /enterprise/crmanderp/wpn-15-20040728CycleTimeReductionDrivertoSupplyChainManagementResults.html (1765 words)

	Online Tutorial #4: How Do You Calculate A Company's "Incremental Net Working Capital" Needs?
		This means we look at cash tied up in short term operating assets such as accounts receivable and inventory, offset by non-interest bearing current liabilities such as accounts payable.
		As an example, you may have purchased a warranty for a product, whereby you gave a company cash in advance for a promised service: the ability to have that product replaced or fixed in the event it became defective.
		The cash conversion cycle quantifies the time between cash payment to suppliers and cash receipt from customers.
	www.expectationsinvesting.com /tutorial4.shtml (1017 words)

	THE DEBT CYCLE: USING PAYDAY LOANS TO MAKE ENDS MEET
		[F]ringe services for cash conversion and bill paying would cost an average $20,000-income household between $86 and $500 per year, while the same services at a bank would cost only $30 to $60 (assuming that low-cost banking services are available and that the prospective customer is not disqualified for an account by lack of credit).
		Conversely, about 38 percent of the statewide population in California lives within one mile of at least one payday lender, with 27 percent of white non-Hispanics, 57 percent of African-Americans, and 49 percent of Hispanics living within one mile of a lender.
		It is a cycle that represents a formidable barrier to the saving behavior that can help Americans of all classes and income levels create a better future for themselves and their families.
	www.nefe.org /pages/whitepaperpaydayloans.html (9331 words)

	Using The Cash Conversion Cycle
		The cash conversion cycle is a derived ratio and is generally not part of ratio comparison sections found in financial portals or websites.
		The cash conversion cycle simply indicates the duration of time it takes the firm to convert its activities requiring cash into cash returns.
		When the cash conversion cycle shortens, cash becomes free for other uses such as investing in new capital, spending on equipment and infrastructure, as well as preparing for possible share buybacks down the road.
	www.investopedia.com /articles/fundamental/092402.asp (733 words)

	A Comparison of the Current Ratio and the Cash Conversion Cycle in Evaluating Working Capital Cash Flows (Site not responding. Last check: 2007-11-01)
		The purpose of this study was to compare the effectiveness of the current ratio and the cash conversion cycle in evaluating working capital cash flows from a diagnostic and a predictive aspect.
		Results of these analyses indicated that the cash conversion cycle was more effective than the current ratio in diagnosing the health of each company’s working capital cash flows.
		The cash conversion cycle also signaled a change in liquidity earlier than the current ratio, suggesting that the former had more effective predictive capabilities than the latter.
	etdindividuals.dlib.vt.edu /archive/00000032 (293 words)

	Online NewsHour: Internet Cash Flow -- July 7, 1999
		For example, if a merchant pays cash for some inventory on day 1 and sells the item for cash on day 40, the cash cycle is 39 days.
		In order to calculate the cash cycle when credit is involved, what matters is when the retailer and the final customer actually pay rather than when they take delivery of the merchandise.
		In this example, the cash conversion cycle is 45 days: The customer pays the merchant 45 days after the merchant paid for the merchandise.
	www.pbs.org /newshour/bb/cyberspace/july-dec99/angel_7-7.html (556 words)

	Get Fast Cash With No Income For College (Site not responding. Last check: 2007-11-01)
		Cash Flow Notes - get fast cash with no income for college - cash conversion cycle.
		Cash Conversion Cycle - militarypayday loans - payday loans bloomington illinois.
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	www.payday-loans-review.com /OPG/get-fast-cash-with-no-income-for-college.html (719 words)

	Cash conversion cycle (Site not responding. Last check: 2007-11-01)
		The cash conversion cycle is the number of days between purchasing raw material s and receiving the cash from the sale of the goods made from that raw material.
		It uses material from the Wiktionary page "Cash".
		With circulation throughout the United States and the world, Cycle News delivers up-to-the-minute news about National and International competition, personality profiles, new prod...
	www.serebella.com /encyclopedia/article-Cash_conversion_cycle.html (590 words)

	Advanced Financial Statement Analysis
		The cash conversion cycle is a measure of working capital efficiency, often giving valuable clues about the underlying health of a business.
		The cycle measures the average number of days that working capital is invested in the operating cycle.
		This is because a company "invests" its cash to acquire/build inventory, but does not collect cash until the inventory is sold and the accounts receivable are finally collected.
	www.taxopedia.com /university/financialstatements/financialstatements6.asp (2301 words)

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