what is cash conversion efficiency
Enter the Cash Conversion Cycle (CCC). The cash conversion cycle is the theoretical amount of time between a company spending cash and receiving cash per each sale, output, unit of operation, etc. It is basically a measure of how long cash is tied up in working capital. The CCC is a great way to analyze the efficiency of the organization in managing cash to generate more sales. See the chart below with the cash conversion cycle for Wal-Mart, Target, CostCo and Amazon.com. Wal-Mart Stores Cash Conversion Cycle Chart by YCharts