Cash conversion cycle (CCC) represents the period between paying to suppliers for delivering raw materials and collecting cash from the sale of finished goods. It is equal to the number of days of inventory plus the number of days of receivables minus the number of days of payables.
Some other related topics you might be interested to explore are Number of Days of Inventory, Number of Days of Receivables, and Number of Days of Payables.
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Cash conversion cycle is among the topics included in the Corporate Finance module of the CFA Level 1 Curriculum.