LGL Group (LGL Group) Cash Conversion Cycle : 84.10 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is LGL Group Cash Conversion Cycle?

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

LGL Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 64.35.
LGL Group's Days Inventory for the three months ended in Dec. 2023 was 89.66.
LGL Group's Days Payable for the three months ended in Dec. 2023 was 69.91.
Therefore, LGL Group's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 84.10.

LGL Group Cash Conversion Cycle Historical Data

The historical data trend for LGL Group'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.

LGL Group Cash Conversion Cycle Chart

LGL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

Get a 7-Day Free Trial

112.64

124.05

1,696.20

170.17

110.08

LGL Group 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															1,782.49	68.68	109.50	100.98	84.10

Competitive Comparison of LGL Group's Cash Conversion Cycle

For the Electronic Components subindustry, LGL Group'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.

LGL Group's Cash Conversion Cycle Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LGL Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where LGL Group's Cash Conversion Cycle falls into.

LGL Group 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.

LGL Group'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
	=	94.95	+	107.53	-	92.4
	=	110.08

LGL Group'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
	=	64.35	+	89.66	-	69.91
	=	84.10

LGL Group (AMEX:LGL) 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.

LGL Group Cash Conversion Cycle Related Terms

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

LGL Group (LGL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LGL Group Inc (AMEX:LGL) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

51L:Germany

Address

2525 Shader Road, Orlando, FL, USA, 32804

Website

https://www.lglgroup.com

LGL Group Inc is engaged in investment and manufacturing business activities. Its Electronic components segment is focused on the design and manufacture of engineered frequency and spectrum control products. The company's Electronic instruments segment is focused on the design and manufacture of high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. Majority of its revenue is derived from the Electronic components segment.

Executives

Herve Francois	director	4 BRIDLE PATH, LAWRENCEVILLE NJ 08648
Darlene T Deremer	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Linda M Biles	officer: VP, Controller	2525 SHADER ROAD, ORLANDO FL 32804
James William Tivy	officer: Chief Financial Officer	220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Bel Lazar	director	4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga	director, officer: CEO	497 EISENHOWER COURT, WYCKOFF NJ 07481
John S Mega	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Lapenta Robert V Jr	director	C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
Mario J Gabelli	director, 10 percent owner	191 MASON STREET, GREENWICH CT 06830
Joan Atkinson	officer: CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Patrick Huvane	officer: Senior Vice President	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Michael J Ferrantino	director
Hendi Susanto	director	2525 SHADER RD., ORLANDO FL 32804
Salerno Frederic V Jr	director	2525 SHADER RD., ORLANDO FL 32804