The Clap
Juhayna’s (JUFO) annual profits increased by 23% YoY, to reach EGP 526 million in 2021, compared to profits of EGP 428 million through 2020.
The business top line in 2021 reached EGP 8.8 billion, compared to EGP 7.4 billion in 2020.
Profit Drivers
Juhayna stated that capital rationalization & improving the cash conversion cycle by reducing inventory led to a reduction in debt and financing costs, which in turn increased profitability.
Claps Class
Cash Conversion Cycle measures how long a company will be deprived of cash if it increases its investment in inventory.
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