GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BPZ Resources Inc (OTCPK:BPZRQ) » Definitions » Cash Conversion Cycle

BPZ Resources (BPZ Resources) Cash Conversion Cycle : 146.46 (As of Mar. 2015)


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

What is BPZ Resources Cash Conversion Cycle?

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

BPZ Resources's Days Sales Outstanding for the three months ended in Mar. 2015 was 20.59.
BPZ Resources's Days Inventory for the three months ended in Mar. 2015 was 136.97.
BPZ Resources's Days Payable for the three months ended in Mar. 2015 was 11.1.
Therefore, BPZ Resources's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2015 was 146.46.


BPZ Resources Cash Conversion Cycle Historical Data

The historical data trend for BPZ Resources'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.

BPZ Resources Cash Conversion Cycle Chart

BPZ Resources Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -84.16 -35.59 8.20 128.11 165.89

BPZ Resources Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 279.84 238.01 147.60 127.06 146.46

Competitive Comparison of BPZ Resources's Cash Conversion Cycle

For the Oil & Gas E&P subindustry, BPZ Resources'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.


BPZ Resources's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BPZ Resources's Cash Conversion Cycle distribution charts can be found below:

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



BPZ Resources 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.

BPZ Resources's Cash Conversion Cycle for the fiscal year that ended in Dec. 2014 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=8.21+186.81-29.13
=165.89

BPZ Resources's Cash Conversion Cycle for the quarter that ended in Mar. 2015 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=20.59+136.97-11.1
=146.46

* 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.


BPZ Resources  (OTCPK:BPZRQ) 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.


BPZ Resources Cash Conversion Cycle Related Terms

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


BPZ Resources (BPZ Resources) Business Description

Traded in Other Exchanges
N/A
Address
BPZ Resources Inc is a Texas corporation, incorporated in 1993. The Company is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company is in the process of developing its Peruvian oil and gas reserves. It has completed the installation of the new CX-15 platform in the Corvina field to continue the development of the field and continued its drilling campaign there with completion of the CX-15-1D well. The customer of the Company is Peruvian national oil company, Petroleos del Peru - PETROPERU S.A.
Executives
Stephen R Brand director 1775 SHERMAN STREET, STE 1200, DENVER CO 80203
Stephen C Beasley director THE WILLIAMS COMPANIES, ONCE WILLIAMS CENTER, SUITE 4700, TULSA OK 77002
Randall D Keys officer: Chief Financial Officer 3 HICKORY SHADOWS DR, HOUSTON TX 77055

BPZ Resources (BPZ Resources) Headlines

From GuruFocus

BPZ Resources Inc (BPZ) CFO Edward G Caminos sells 20,000 Shares

By GuruFocus Research GuruFocus Editor 07-21-2010

BPZ Resources Inc (BPZ) Chairman Fernando J Zuniga-rivero sells 25,000 Shares

By GuruFocus Research GuruFocus Editor 01-26-2011

BPZ Resources Inc (BPZ) Chairman Fernando J Zuniga-rivero sells 25,000 Shares

By GuruFocus Research GuruFocus Editor 03-08-2011

BPZ Resources Inc (BPZ) Chairman Fernando J Zuniga-rivero sells 25,000 Shares

By GuruFocus Research GuruFocus Editor 02-08-2011

BPZ Resources Inc (BPZ) Chairman Fernando J Zuniga-rivero sells 3,900 Shares

By GuruFocus Research GuruFocus Editor 01-11-2011

Weekly Insider Sells Highlight: BPZ, IMS, TDG, GIS, UNP

By Jimmy Xiao gurujx 04-14-2014