CASH CONVERSION
cash conversion: translation
cash conversion ˈcash conˌversion noun [uncountable]
MANUFACTURING the process in which a company uses materials that it buys in order to make money from the sale of finished goods:
• The cash conversion cycle is the number of days it takes a company to purchase raw materials and convert them to a finished product.
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cash conversion UK US noun [U] ACCOUNTING
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We have achieved strong revenue growth, higher margins and improved cash conversion.
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City analysts had expressed concerns over the company's rate of cash conversion.
→ Compare CASH TURNOVER(Cf. ↑cash turnover)