Pershing Gold (Pershing Gold) Cash Conversion Cycle : 0.00 (As of Dec. 2018)

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What is Pershing Gold Cash Conversion Cycle?

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

Pershing Gold's Days Sales Outstanding for the three months ended in Dec. 2018 was 0.
Pershing Gold's Days Inventory for the three months ended in Dec. 2018 was 0.
Pershing Gold's Days Payable for the three months ended in Dec. 2018 was 0.
Therefore, Pershing Gold's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2018 was 0.00.

Pershing Gold Cash Conversion Cycle Historical Data

The historical data trend for Pershing Gold'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.

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Pershing Gold Cash Conversion Cycle Chart

Pershing Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash Conversion Cycle

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Pershing Gold Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Cash Conversion Cycle	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Pershing Gold's Cash Conversion Cycle

For the Gold subindustry, Pershing Gold'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.

Pershing Gold's Cash Conversion Cycle Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pershing Gold's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Pershing Gold's Cash Conversion Cycle falls into.

Pershing Gold 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.

Pershing Gold's Cash Conversion Cycle for the fiscal year that ended in Dec. 2018 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	0	-	0
	=	0.00

Pershing Gold's Cash Conversion Cycle for the quarter that ended in Dec. 2018 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	0	-	0
	=	0.00

Pershing Gold (NAS:PGLC) 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.

Pershing Gold Cash Conversion Cycle Related Terms

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Pershing Gold (Pershing Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pershing Gold Corp (NAS:PGLC) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

1658 Cole Boulevard, Building 6, Suite 210, Lakewood, CO, USA, 80401

Website

http://www.pershinggold.com

Pershing Gold Corp is a gold and precious metals exploration company. It pursues exploration, development and mining opportunities primarily in Nevada. The company currently focuses on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Relief Canyon properties are located about 100 miles northeast of Reno, Nevada. It operates its business directly and also through its wholly-owned subsidiary, Gold Acquisition Corp. The company seek properties with known mineralization that are in an advanced stage of exploration and have previously undergone drilling but are under-explored.

Executives

Jeffrey G Clevenger	director	1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203
Barry C Honig	10 percent owner	215 SE SPANISH TRAIL, BOCA RATON FL 33432
Edward M Karr	director	RAMPARTNERS, 19 BLVD GEORGES-FAVON, GENEVA V8 1204
Timothy Mark Janke	officer: Chief Operating Officer	5625 PATRICIAN WAY, WINNEMUCCA NV 89445
Eric Alexander	officer: VP Finance and Controller	1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
Alex G Morrison	director	1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
Douglass Scott Barr	director	10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127-6312
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
David Rector	director
Adam C Wasserman	officer: Chief Financial Officer	1643 ROYAL GROVE WAY, WESTON FL 33327