GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Viskase Companies Inc (OTCPK:VKSC) » Definitions » Cash Conversion Cycle

Viskase (Viskase) Cash Conversion Cycle : 160.80 (As of Sep. 2023)


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

What is Viskase Cash Conversion Cycle?

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

Viskase's Days Sales Outstanding for the three months ended in Sep. 2023 was 68.86.
Viskase's Days Inventory for the three months ended in Sep. 2023 was 125.69.
Viskase's Days Payable for the three months ended in Sep. 2023 was 33.75.
Therefore, Viskase's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was 160.80.


Viskase Cash Conversion Cycle Historical Data

The historical data trend for Viskase'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.

Viskase Cash Conversion Cycle Chart

Viskase Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 123.74 136.43 138.41 126.82 136.82

Viskase Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Sep22 Sep23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 147.65 154.55 142.76 120.36 160.80

Competitive Comparison of Viskase's Cash Conversion Cycle

For the Packaging & Containers subindustry, Viskase'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.


Viskase's Cash Conversion Cycle Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Viskase's Cash Conversion Cycle distribution charts can be found below:

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



Viskase 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.

Viskase'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
=70.29+106.41-39.88
=136.82

Viskase's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=68.86+125.69-33.75
=160.80

* 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.


Viskase  (OTCPK:VKSC) 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.


Viskase Cash Conversion Cycle Related Terms

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


Viskase (Viskase) Business Description

Traded in Other Exchanges
N/A
Address
333 East Butterfield Road, Suite 400, Lombard, IL, USA, 60148-5679
Viskase Companies Inc together with its subsidiaries manufactures and distributes non-edible cellulosic food casings used to prepare and package processed meat products. It offers cellulose, fibrous, polyamide casings, and film under the brand NOJAX, VISCOAT, MOKE MASTER, COLOR MASTER, POLYJAX, and others. The company's geographical segments are located in North America, South America, Europe, and Asia. The majority of its revenue is derived from North America.

Viskase (Viskase) Headlines

From GuruFocus

Viskase Companies, Inc. - Special Call Transcript

By GuruFocus Research 02-15-2024