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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Petrolia Energy's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 0.
Petrolia Energy's Days Inventory for the
three
months ended in Sep. 2023 was 0.
Petrolia Energy's Days Payable for the
three
months ended in Sep. 2023 was 18.46.
Therefore, Petrolia Energy's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was -18.46.
The historical data trend for Petrolia Energy's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Petrolia Energy Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | -30.83 | -34.97 | -63.00 | -43.71 | -13.78 |
Petrolia Energy Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -82.01 | -90.83 | -13.58 | -23.85 | -18.46 |
For the Oil & Gas E&P subindustry, Petrolia Energy's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Petrolia Energy's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Petrolia Energy's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Petrolia Energy's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0.32 | + | 0 | - | 14.1 | |
= | -13.78 |
Petrolia Energy's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0 | + | 0 | - | 18.46 | |
= | -18.46 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Petrolia Energy (OTCPK:BBLS) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Thank you for viewing the detailed overview of Petrolia Energy's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Zel C Khan | officer: President & CEO | 7941 KATY FWY, STE 522, HOUSTON TX 77024 |
Joel Martin Oppenheim | director | 2035 SUL ROSS STREET, HOUSTON TX 77098 |
Mark Merle Allen | officer: President | 4306 STONECROFT CIRCLE, KATY TX 77450 |
Richard D Dole | director | 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024 |
Ivar Siem | director | 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024 |
Horacio Alfredo Fernandez | officer: Chief Financial Officer | 9531 MEADOWVALE DR., HOUSTON TX 77063 |
Tariq Nawaz Chaudhary | officer: Chief Financial Officer | 132 MAGENTA CRESCENT, CHESTERMERE A0 T1X0K9 |
James Edward Burns | director | 3322 DESERT INN, MONTGOMERY TX 77356 |
Quinten Beasley | director | 416 - 42 STREET SW, CALGARY A0 T3C 1Y3 |
Paul M Deputy | officer: Chief Financial Officer | 7842 HIGHLAND FARMS, HOUSTON TX 77095 |
Lee H Lytton | director, officer: Secretary | 5804 BABCOCK RD, #400, SAN ANTONIO TX 78240 |
Leo B Womack | director, 10 percent owner | 710 N. POST OAK ROAD, SUITE 400, HOUSTON TX 77024 |
David N Baker | 10 percent owner | 1020 108TH AVENUE, NE SUITE 1004, BELLEVUE WA 98004 |
Matthew Robert Ferguson | director | 11044 RESEARCH BLVD., SUITE A-200, AUSTIN TX 78759 |
Rick Wilber | director, 10 percent owner |
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