National Beverage Corp (FIZZ)
Cash conversion cycle
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 40.46 | 40.46 | 44.01 | 44.01 | 52.36 |
| Days of sales outstanding (DSO) | days | — | 31.50 | — | 32.65 | — |
| Number of days of payables | days | — | 37.44 | — | 40.02 | — |
| Cash conversion cycle | days | 40.46 | 34.52 | 44.01 | 36.63 | 52.36 |
April 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 40.46 + — – —
= 40.46
The cash conversion cycle of National Beverage Corp has been showing a decreasing trend from 52.36 days on April 30, 2022, to 40.46 days on April 30, 2024. This indicates that the company is managing its cash flow more efficiently and reducing the time it takes to convert its investments in inventory and other resources into cash receipts from sales. A lower cash conversion cycle signifies that the company is able to recover its cash faster, potentially indicating improved working capital management and operational efficiency. Overall, the downward trend in the cash conversion cycle is a positive sign for National Beverage Corp's liquidity and financial performance.
Peer comparison
Apr 30, 2024