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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Addvantage Technologies Group's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 12.69.
Addvantage Technologies Group's Days Inventory for the
three
months ended in Sep. 2023 was 96.48.
Addvantage Technologies Group's Days Payable for the
three
months ended in Sep. 2023 was 78.62.
Therefore, Addvantage Technologies Group's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 30.55.
The historical data trend for Addvantage Technologies 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.
Addvantage Technologies Group Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Dec22 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 264.34 | 55.44 | 55.69 | 36.13 | 13.81 |
Addvantage Technologies Group Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -0.27 | 8.87 | 9.76 | 19.88 | 30.55 |
For the Electronics & Computer Distribution subindustry, Addvantage Technologies 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.
For the Hardware industry and Technology sector, Addvantage Technologies Group's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Addvantage Technologies Group'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.
Addvantage Technologies Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 16.35 | + | 40.82 | - | 43.36 | |
= | 13.81 |
Addvantage Technologies Group'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 |
= | 12.69 | + | 96.48 | - | 78.62 | |
= | 30.55 |
* 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.
Addvantage Technologies Group (OTCPK:AEYGQ) 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 Addvantage Technologies Group's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Scott Harden | director | 5729 LEBANON ROAD, SUITE 144411, FRISCO TX 75034 |
Jim Mcgill | director | 2121 SOUTH YORKTOWN #1103, TULSA OK 74114 |
Brian Neal Davidson | officer: Chief Revenue Officer | 1430 BRADLEY LANE, SUITE 196, CARROLLTON TX 75007 |
Jerry Don Jones | officer: President, Fulton Technologies | 1045 BRICE ST, MERIDIAN TX 76665 |
Michael A Rutledge | officer: Chief Financial Officer | 5000 LEGACY DR, SUITE 350, PLANO TX 75024 |
Michael G Ramke | officer: INTERIM CFO | |
Kenneth A Chymiak | director, 10 percent owner, officer: President and CEO | 808 N 16TH ST, BROKEN ARROW OK 74012 |
Susan C Chymiak | 10 percent owner | C/O ADDVANTAGE TECHNOLOGIES GROUP INC, 1605 E IOLA, BROKEN ARROW OK 74012 |
Jarrod M Watson | officer: Chief Financial Officer | 5604 TEMPLIN WAY, PLANO TX 75093 |
Jimmy R Taylor | officer: President, Wireless Services | 22905 CIELO VISTA, SAN ANTONIO TX 78255 |
Reginald Jaramillo | officer: President, Telco Segment | 1801 GOLIAD WAY, LANTANA TX 76226 |
John Shelnutt | director | 605 ISLEWORTH LANE, MCKINNEY TX 75072 |
Donald Jr Kinison | officer: Vice President of Sales | 1010 TWIN OAKS, PROSPER TX 75078 |
Scott A Francis | director, officer: VP and CFO | 1221 E. HOUSTON ST., BROKEN ARROW OK 74012 |
Empey Colby | officer: President, Wireless Services | 908 BLUFFVIEW DRIVE, ALLEN TX 75002 |
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