Surge Components (Surge Components) Cash Conversion Cycle : 110.27 (As of Feb. 2024)

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What is Surge Components Cash Conversion Cycle?

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

Surge Components's Days Sales Outstanding for the three months ended in Feb. 2024 was 73.69.
Surge Components's Days Inventory for the three months ended in Feb. 2024 was 84.6.
Surge Components's Days Payable for the three months ended in Feb. 2024 was 48.02.
Therefore, Surge Components's Cash Conversion Cycle (CCC) for the three months ended in Feb. 2024 was 110.27.

Surge Components Cash Conversion Cycle Historical Data

The historical data trend for Surge Components'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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Surge Components Cash Conversion Cycle Chart

Surge Components Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash Conversion Cycle

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56.36

64.90

59.99

62.02

97.99

Surge Components Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash Conversion Cycle	Get a 7-Day Free Trial															96.39	88.86	106.79	108.29	110.27

Competitive Comparison of Surge Components's Cash Conversion Cycle

For the Electronics & Computer Distribution subindustry, Surge Components'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.

Surge Components's Cash Conversion Cycle Distribution in the Hardware Industry

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

* The bar in red indicates where Surge Components's Cash Conversion Cycle falls into.

Surge Components 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.

Surge Components's Cash Conversion Cycle for the fiscal year that ended in Nov. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	67.05	+	81.95	-	51.01
	=	97.99

Surge Components's Cash Conversion Cycle for the quarter that ended in Feb. 2024 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	73.69	+	84.6	-	48.02
	=	110.27

Surge Components (OTCPK:SPRS) 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.

Surge Components Cash Conversion Cycle Related Terms

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Surge Components (Surge Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Surge Components Inc (OTCPK:SPRS) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 East Jefryn Boulevard, Deer Park, New York, NY, USA, 11729

Website

https://www.surgecomponents.com

Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.

Executives

Peter Levy	director	C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Michael D Tofias	10 percent owner	325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282
Steven J Lubman	director, officer: VP, Secretary, Director	1016 GRAND BLVD, DEER PARK NY 11729
Martin Novick	director
Alan Plafker	director	24 SYLVIA ROAD, PLAINVIEW NY 11803
Gary Mark Jacobs	director	15 HOOVER STREET, INWOOD NY 11096
Lawrence Chariton	director	30 ROCKAWAY PLACE, MASSAPEQUA NY 11758
Ira Levy	director, officer: Chief Executive Officer
David Siegel	director	95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729