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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Carriage Services's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 24.7.
Carriage Services's Days Inventory for the
three
months ended in Dec. 2023 was 12.39.
Carriage Services's Days Payable for the
three
months ended in Dec. 2023 was 16.64.
Therefore, Carriage Services's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 20.45.
The historical data trend for Carriage Services'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.
Carriage Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 21.76 | 20.07 | 15.28 | 15.87 | 19.08 |
Carriage Services Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 17.76 | 18.31 | 20.52 | 23.32 | 20.45 |
For the Personal Services subindustry, Carriage Services'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 Personal Services industry and Consumer Cyclical sector, Carriage Services's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Carriage Services'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.
Carriage Services's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 24.44 | + | 11.28 | - | 16.64 | |
= | 19.08 |
Carriage Services's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 24.7 | + | 12.39 | - | 16.64 | |
= | 20.45 |
* 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.
Carriage Services (NYSE:CSV) 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 Carriage Services's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Julie Sanders | director | 3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 300, HOUSTON TX 77056 |
Somer Webb | director | C/O SOLO BRANDS, INC., 1001 MUSTANG DRIVE, GRAPEVILLE TX 76051 |
Charles Fargason | director | 11510 QUAIL HOLLOW LANE, HOUSTON TX 77024 |
Melvin C Payne | director, officer: CEO | 3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056 |
Paul Donald Elliott | other: Regional Partner | 5219 LAURELWOOD, KINGWOOD TX 77345 |
Shane Pudenz | officer: VP of Sales and Marketing | 3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 200, HOUSTON TX 77056 |
Lance Kian Granmayeh | officer: EVP, CFO and Treasurer | 1201 LOUISIANA STREET, SUITE 3100, HOUSTON TX 77002 |
Patteson Donald Douglas Jr | director | 1111 BAGBY, SUITE 1600, HOUSTON TX 77002 |
Adeola Olaniyan | other: Principal Accounting Officer | 3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056 |
Steven D Metzger | other: Senior VP and General Counsel | 6332 SCHILLER STREET, HOUSTON TX 77055 |
Carlos R. Quezada | officer: VP of Cemetery Sales/Marketing | 3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056 |
Carl Benjamin Brink | officer: Principal Financial Officer | 28634 PLEASANT FOREST DRIVE, KATY TX 77056 |
Robbie Pape | other: Sr. VP & Regional Partner | 3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056 |
Peggy Schappaugh | officer: VP of Operations & Acquistions | 3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056 |
Shawn R Phillips | other: Regional Partner | 3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056 |
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