GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CSS Industries Inc (NYSE:CSS) » Definitions » Cash Conversion Cycle

CSS Industries (CSS Industries) Cash Conversion Cycle : 137.15 (As of Dec. 2019)


View and export this data going back to 1985. Start your Free Trial

What is CSS Industries Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

CSS Industries's Days Sales Outstanding for the three months ended in Dec. 2019 was 67.38.
CSS Industries's Days Inventory for the three months ended in Dec. 2019 was 105.61.
CSS Industries's Days Payable for the three months ended in Dec. 2019 was 35.84.
Therefore, CSS Industries's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2019 was 137.15.


CSS Industries Cash Conversion Cycle Historical Data

The historical data trend for CSS Industries'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.

* Premium members only.

CSS Industries Cash Conversion Cycle Chart

CSS Industries Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 137.67 144.64 172.22 173.69 149.36

CSS Industries Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 138.42 219.88 231.24 157.68 137.15

Competitive Comparison of CSS Industries's Cash Conversion Cycle

For the Specialty Retail subindustry, CSS Industries'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.


CSS Industries's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, CSS Industries's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where CSS Industries's Cash Conversion Cycle falls into.



CSS Industries Cash Conversion Cycle Calculation

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.

CSS Industries's Cash Conversion Cycle for the fiscal year that ended in Mar. 2019 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=55.82+123.75-30.21
=149.36

CSS Industries's Cash Conversion Cycle for the quarter that ended in Dec. 2019 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=67.38+105.61-35.84
=137.15

* 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.


CSS Industries  (NYSE:CSS) 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.


CSS Industries Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of CSS Industries's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


CSS Industries (CSS Industries) Business Description

Traded in Other Exchanges
N/A
Address
450 Plymouth Road, Suite 300, Plymouth Meeting, PA, USA, 19462
CSS Industries Inc is a consumer products company. It is focused on the seasonal, gift and craft categories. The company engages in the creative development, manufacture, procurement, distribution, and sale of products with an omni-channel approach focused primarily on mass market retailers.
Executives
Philip R Broenniman director C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Robert E Chappell director C/O GLATFELTER, 96 S GEORGE ST STE 420, YORK PA 17401
Keith W Pfeil officer: Exec. VP and CFO GLOBUS MEDICAL, INC., 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA 19403
Steven W Eck officer: VP - Finance and Accounting C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Scott A Beaumont director C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
John J Gavin director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
James E Ksansnak director ARAMARK CORPORATION, 1101 MARKET STREET, PHILADELPHIA PA 19107

CSS Industries (CSS Industries) Headlines

From GuruFocus

CSS Industries – A Gift Wrapped Opportunity?

By Nathan Tedford Nathan Tedford 06-07-2011

CSS Industries Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 11-04-2009

CSS Industries Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 11-04-2010

CSS Industries Inc. (CSS) Chairman Jack Farber sells 2,405 Shares

By GuruFocus Research GuruFocus Editor 05-19-2010

CSS Industries Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 08-06-2010

Is CSS Industries a Ben Graham Stock?

By Rupert Hargreaves Rupert Hargreaves 08-23-2017