Magic Software Enterprises

Magic Software Enterprises Cash Conversion Cycle

Delisted

The Cash Conversion Cycle (CCC) of Magic Software Enterprises (MGIC) as of Oct 19, 2026 is -26.59. In the previous year, Cash Conversion Cycle (CCC) was 62.29 — a change of -142.69% (lower).

Cash Conversion Cycle

-26.59

YoY

-142.69%

Last updated:

Cash Conversion Cycle (CCC) of Magic Software Enterprises is 2024 -26.59 . Cash Conversion Cycle (CCC) of Magic Software Enterprises was 2023 62.29 . It decreases by -142.69% lower compared to the previous year.

The Magic Software Enterprises Cash Conversion Cycle history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Cash Conversion Cycle
Date
Cash Conversion Cycle
Jan 1, 2017
89.42 USD
Jan 1, 2018
82.78 USD
Jan 1, 2019
88.63 USD
Jan 1, 2020
87.64 USD
Jan 1, 2021
82.01 USD
Jan 1, 2022
65.01 USD
Jan 1, 2023
62.29 USD
Jan 1, 2024
-26.59 USD
The Magic Software Enterprises Cash Conversion Cycle history
YEARCash Conversion CycleYoY
-26.59-142.69%
62.29-4.19%
65.01-20.73%
82.01-6.42%
87.64-1.12%
88.63+7.07%
82.78-7.44%
89.42+0.21%
89.24+12.09%
79.61+15.71%
68.80—

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Magic Software Enterprises Stock analysis

What does Magic Software Enterprises do? Magic Software Enterprises Ltd is an international company specializing in the development and distribution of integration and application platforms for businesses. It was founded in 1983 by David Assia and Yaki Dunietz in Israel, where its headquarters are still located today. The company has experienced continuous expansion throughout its history, with international operations established after going public in 1991 and the opening of offices in the USA, Europe, Latin America, and Asia. Through acquisitions and strategic partnerships, Magic Software Enterprises Ltd has expanded its portfolio and strengthened its market position. The company's business model is based on developing solutions for integrating various applications and systems, utilizing platforms such as the Magic xpa Application Platform and Magic xpi Integration Platform for various industries and application areas. Over 5,000 customers in more than 50 countries, including IBM, Nestlé, and Siemens, use Magic Software Enterprises Ltd's solutions. The Professional Services division specializes in developing customized solutions, providing consulting and support services, offering training and certifications for developers and partners, fostering knowledge transfer and collaboration with customers. In the field of application platforms, Magic Software Enterprises Ltd offers different solutions that enable developers to quickly and easily create applications. The Magic xpa Application Platform is a low-code development platform that allows companies to rapidly and reliably deploy applications, including integration with existing applications and systems. The Magic xpi Integration Platform is a powerful solution for integrating applications and systems, facilitating fast and reliable integration and automation. It supports a variety of standards and technologies and can be deployed in both cloud-based and on-premises installations. Additionally, Magic Software Enterprises Ltd provides specialized solutions, such as the Magic xpi for Salesforce Integration Platform, which seamlessly integrates Salesforce with different applications and systems. In the area of data integration, Magic Software Enterprises Ltd offers the iBOLT for SAP HANA Solutions Suite. In conclusion, Magic Software Enterprises Ltd is an experienced and successful company specializing in the development and distribution of integration and application platforms. It focuses on innovative solutions and close collaboration with customers and partners, helping companies efficiently and reliably integrate and automate their applications and systems. Magic Software Enterprises is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Magic Software Enterprises stock

Cash Conversion Cycle (CCC) of Magic Software Enterprises is -26.59 in 2024.

Cash Conversion Cycle (CCC) of Magic Software Enterprises changed from 62.29 to -26.59, representing a -142.69% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Cash Conversion Cycle (CCC) Magic Software Enterprises since 2006 – with annual values, charts, and detailed analysis.

The Cash Conversion Cycle measures how long it takes to convert inventory investments into cash from sales. A shorter CCC indicates more efficient working capital management.

CCC = DSO + DIO - DPO

A 'good' varies by industry and company stage. On Eulerpool, you can compare Cash Conversion Cycle (CCC)'s Magic Software Enterprises with sector peers and the industry average to assess whether it is attractive.

To evaluate Cash Conversion Cycle (CCC)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Cash Conversion Cycle (CCC).

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Profitability — Magic Software Enterprises

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