The Brink's Co's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 54.43.
The Brink's Co's Days Inventory for the
three
months ended in Dec. 2023 was 0.
The Brink's Co's Days Payable for the
three
months ended in Dec. 2023 was 22.58.
Therefore, The Brink's Co's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 31.85.
The Brink's Co Cash Conversion Cycle Historical Data
The historical data trend for The Brink's Co'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.
Competitive Comparison of The Brink's Co's Cash Conversion Cycle
For the Security & Protection Services subindustry, The Brink's Co'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.
The Brink's Co's Cash Conversion Cycle Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, The Brink's Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where The Brink's Co's Cash Conversion Cycle falls into.
The Brink's Co 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.
The Brink's Co's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
The Brink's Co (NYSE:BCO) 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.
The Brink's Co Cash Conversion Cycle Related Terms
Thank you for viewing the detailed overview of The Brink's Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
The Brink's Co (The Brink's Co) Business Description
The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.
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