What are the components of the cash conversion cycle and how are they calculated? The Cash Conversion Cycle (CCC) is a metric that expresses the time (in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. How can a negative cash conversion cycle impact a business and what can it tell us about the business's operations? What are some strategies a company can use to optimize its cash conversion cycle, and how might these strategies affect other areas of business operations? How might a company's industry affect its cash conversion cycle? Provide examples of two different industries and discuss potential reasons for differences in their typical cash conversion cycles. How might changes in a company's cash conversion cycle over time provide insights into its financial health and efficiency? Provide an example of a scenario in which changes in the cash conversion cycle could be a warning sign for investors or creditors