Discuss and interpret the Cash Conversion Cycle and all its parts (including DSO, DI and PP). Please explain the trend and what you found interesting. Make sure to include whether the trend is good or bad (indicate why!)

Thank you

2011-03 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 TTM 34.13 36.73 33.59 33.36 25.29 17.42 18.00 16.19 16.08 15.14 19.39 51.56 59.67 55.93 52.46 49.49 45.28 44.97 43.91 45.12 48.47 55.18 41.97 50.37 47.19 42.24 36.58 31.58 36.03 34.35 30.92 29.26 35.14 Key Ratios > Efficiency Ratios Efficiency Days Sales Outstanding Days Inventory Payables Period Cash Conversion Cycle Receivables Turnover Inventory Turnover Fixed Assets Turnover Asset Turnover 43.72 46.03 42.34 43.58 38.19 26.94 25.76 30.28 34.34 39.42 31.12 20.95 10.70 9.94 10.86 10.94 14.43 20.27 22.54 22.69 24.11 18.82 7.08 6.12 6.53 6.96 7.38 8.06 8.12 8.31 8.09 7.53 6.62 2.67 2.36 2.57 2.55 2.30 2.19 1.98 2.13 2.18 1.98 1.71 0.77 0.68 0.78 0.81 0.78 0.80 0.75 0.80 0.80 0.73 0.64 2011-03 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 TTM 34.13 36.73 33.59 33.36 25.29 17.42 18.00 16.19 16.08 15.14 19.39 51.56 59.67 55.93 52.46 49.49 45.28 44.97 43.91 45.12 48.47 55.18 41.97 50.37 47.19 42.24 36.58 31.58 36.03 34.35 30.92 29.26 35.14 Key Ratios > Efficiency Ratios Efficiency Days Sales Outstanding Days Inventory Payables Period Cash Conversion Cycle Receivables Turnover Inventory Turnover Fixed Assets Turnover Asset Turnover 43.72 46.03 42.34 43.58 38.19 26.94 25.76 30.28 34.34 39.42 31.12 20.95 10.70 9.94 10.86 10.94 14.43 20.27 22.54 22.69 24.11 18.82 7.08 6.12 6.53 6.96 7.38 8.06 8.12 8.31 8.09 7.53 6.62 2.67 2.36 2.57 2.55 2.30 2.19 1.98 2.13 2.18 1.98 1.71 0.77 0.68 0.78 0.81 0.78 0.80 0.75 0.80 0.80 0.73 0.64