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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
LSI Industries's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 64.64.
LSI Industries's Days Inventory for the
three
months ended in Dec. 2023 was 72.58.
LSI Industries's Days Payable for the
three
months ended in Dec. 2023 was 33.39.
Therefore, LSI Industries's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 103.83.
The historical data trend for LSI 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.
LSI Industries Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 99.89 | 94.13 | 94.17 | 88.92 | 94.66 |
LSI Industries 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 | 91.66 | 100.60 | 94.48 | 92.76 | 103.83 |
For the Electronic Components subindustry, LSI 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.
For the Hardware industry and Technology sector, LSI Industries's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where LSI Industries'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.
LSI Industries's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 57.08 | + | 70.02 | - | 32.44 | |
= | 94.66 |
LSI Industries'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 |
= | 64.64 | + | 72.58 | - | 33.39 | |
= | 103.83 |
* 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.
LSI Industries (NAS:LYTS) 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 LSI Industries's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
James E Galeese | officer: Executive VP; CFO | LSI INDUSTRIES INC., 10000 ALLIANCE RD, CINCINNATI OH 45242 |
James Anthony Clark | officer: CEO and President | 10000 ALLIANCE ROAD, CINCINNATI OH 45242 |
Jeffery S. Bastian | officer: Chief Accounting Officer | C/O LSI INDUSTRIES, 10000 ALLIANCE RD., CINCINNATI OH 45242 |
Thomas A Caneris | officer: Sr. VP, HR and General Counsel | 1901 CAMPUS PLACE, LOUISVILLE KY 40299 |
Michael A. Prachar | officer: Chief Marketing Officer | 10000 ALLIANCE ROAD, CINCINNATI OH 45242 |
Ronald D Brown | director | 2090 FLORENCE AVENUE, CINCINNATI OH 45206 |
Amy Hanson | director | C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202 |
Chantel E Lenard | director | 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626 |
Robert P. Beech | director | 9938 ZIG ZAG ROAD, CINCINNATI OH 45242 |
Marshall Ernest W Jr | director | 1000 EATON BLVD, CLEVELAND OH 44122 |
Steve A. Brunker | officer: CIO | 10000 ALLIANCE ROAD, CINCINNATI OH 45242 |
Sylvia M. Astrop | officer: SVP Global Sourcing | 10000 ALLIANCE ROAD, CINCINNATI OH 45242 |
John K Morgan | director | 1310 SEABOARD INDUSTRIAL BLVD, ATLANTA GA 30318 |
Michael C Beck | officer: Sr Vice President - Operations | 10000 ALLIANCE ROAD, CINCINNATI OH 45242 |
Crawford C. Lipsey | officer: Interim President and COO | 10000 ALLIANCE ROAD, CINCINNATI OH 45242 |
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