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AGAE (Allied Gaming & Entertainment) Cash Conversion Cycle : -14.23 (As of Jun. 2024)


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What is Allied Gaming & Entertainment Cash Conversion Cycle?

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

Allied Gaming & Entertainment's Days Sales Outstanding for the three months ended in Jun. 2024 was 14.79.
Allied Gaming & Entertainment's Days Inventory for the three months ended in Jun. 2024 was 0.
Allied Gaming & Entertainment's Days Payable for the three months ended in Jun. 2024 was 29.02.
Therefore, Allied Gaming & Entertainment's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2024 was -14.23.


Allied Gaming & Entertainment Cash Conversion Cycle Historical Data

The historical data trend for Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment Cash Conversion Cycle Chart

Allied Gaming & Entertainment Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial 17.05 -19.61 -31.32 -11.72 -11.91

Allied Gaming & Entertainment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -5.11 -41.32 -15.82 3.50 -14.23

Competitive Comparison of Allied Gaming & Entertainment's Cash Conversion Cycle

For the Entertainment subindustry, Allied Gaming & Entertainment'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.


Allied Gaming & Entertainment's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Allied Gaming & Entertainment's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Allied Gaming & Entertainment's Cash Conversion Cycle falls into.



Allied Gaming & Entertainment 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.

Allied Gaming & Entertainment's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=14.35+0-26.26
=-11.91

Allied Gaming & Entertainment's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=14.79+0-29.02
=-14.23

* 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.


Allied Gaming & Entertainment  (NAS:AGAE) 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.


Allied Gaming & Entertainment Cash Conversion Cycle Related Terms

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


Allied Gaming & Entertainment Business Description

Traded in Other Exchanges
Address
745 Fifth Avenue, Suite 500, New York, NY, USA, 10151
Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.
Executives
Roy Choi other: Managing Member of 10% holder 1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Knighted Pastures Llc 10 percent owner 1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Yuanfei Qu director 745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Yushi Guo director 745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Guanzhou Qin director 17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Adam J Pliska director, officer: President 5700 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90036
Roy Lawrence Anderson officer: Chief Financial Officer 17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Alexander Misch director 17872 GILLETTE AVENUE, BUILDING C, 2ND FLOOR, IRVINE CA 92614
Jerry Lewin director JINHUA INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Libing Wu director 350 LIGHTING WAY, SECAUCUS NJ 07094
Jingsheng Lu director, 10 percent owner FLOOR 3, BUILDING NO. 20, XINYUANLI WEST, CHAOYANG DISTRICT, BEIJING F4 #000
Yangyang Li director, 10 percent owner 10/F TOWER B FAIRMONT NO. 1 BUILDING, 33# COMMUNITY, GUANGSHUN NORTH ST, CHAOYANG DISTRICT, BEIJING F4 100102
Anthony A Hung officer: Chief Financial Officer 17877 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92614
Element Partners, Llc 10 percent owner 950 TOWER LANE,, SUITE 1125, FOSTER CITY CA 94404
Lyle Berman director 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305