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Cash conversion cycle
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==Definition== ''CCC'' is days between ''disbursing cash'' and ''collecting cash'' in connection with undertaking a discrete unit of operations.<ref>[http://www.investopedia.com/terms/c/cashconversioncycle.asp Cash Conversion Cycle - CCC]</ref> :{| style="text-align:center;" |- |''CCC'' | = | Inventory conversion period | + | Receivables conversion period | − | Payables conversion period |- | | = | {{big|{{sfrac|Avg. Inventory|[[Cost of goods sold|COGS]] / 365}}}} | + | {{big|{{sfrac|Avg. [[Accounts receivable]]| Sales / 365}}}} | − | {{big|{{sfrac|Avg. [[Accounts payable]]| Purchases / 365}}}} |}
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