In most businesses people ask what will the cost of this be? When you should also ask when will I received a return by way of cash in my bank account.
The Cash Conversion Cycle is a great way to showing the timing of the return for businesses. It takes into consideration your stock, purchases; receivables and WIP (Work in progress).
Why is a healthy Cash Conversion Cycle (CCC) important to a business?
Improvements that can be made on the 3 parts of your Cash Conversion Cycle (CCC).
If you would like to discuss further, please contact us:
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandco.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.au
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