What is a Good Cash Conversion Ratio?
Published on: 09/02/2024
Ever wonder why some businesses seem to thrive while others struggle to keep their heads above water? It often comes down to something called the Cash Conversion Ratio (CCR). This financial metric measures how well a company turns its profits into cash. A "good" cash conversion ratio means a company is efficient at generating cash from its profits, making it appealing to investors and indicating strong financial health.