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Franchise Services of North America (Franchise Services of North America) Cash Conversion Cycle : 56.24 (As of Mar. 2017)


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What is Franchise Services of North America Cash Conversion Cycle?

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

Franchise Services of North America's Days Sales Outstanding for the three months ended in Mar. 2017 was 56.24.
Franchise Services of North America's Days Inventory for the three months ended in Mar. 2017 was 0.
Franchise Services of North America's Days Payable for the three months ended in Mar. 2017 was 0.
Therefore, Franchise Services of North America's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2017 was 56.24.


Franchise Services of North America Cash Conversion Cycle Historical Data

The historical data trend for Franchise Services of North America'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.

Franchise Services of North America Cash Conversion Cycle Chart

Franchise Services of North America Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.94 4.63 55.29 27.54 47.39

Franchise Services of North America Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 39.91 34.92 48.34 60.61 56.24

Competitive Comparison of Franchise Services of North America's Cash Conversion Cycle

For the Rental & Leasing Services subindustry, Franchise Services of North America'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.


Franchise Services of North America's Cash Conversion Cycle Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Franchise Services of North America's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Franchise Services of North America's Cash Conversion Cycle falls into.



Franchise Services of North America 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.

Franchise Services of North America's Cash Conversion Cycle for the fiscal year that ended in Sep. 2016 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=47.39+0-0
=47.39

Franchise Services of North America's Cash Conversion Cycle for the quarter that ended in Mar. 2017 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=56.24+0-0
=56.24

* 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.


Franchise Services of North America  (OTCPK:FCHAF) 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.


Franchise Services of North America Cash Conversion Cycle Related Terms

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Franchise Services of North America (Franchise Services of North America) Business Description

Traded in Other Exchanges
N/A
Address
1052 Highland Colony Parkway, Suite 204, Ridgeland, MS, USA, 39157
Franchise Services of North America Inc is a car rental franchisor in North America. The firm operates in the car, van and light truck rental space, alongside a range of insurance products, both business and personal, to its franchisees, the automobile industry, and consumers. It operates through its subsidiary, U-Save Auto Rental of America Inc. (U-Save). Its segments include Franchise, Insurance and Other. The Franchise segment is engaged in franchising to operate U-Save Auto Rental businesses in the United States. The Insurance segment which generates majority revenue is engaged in providing franchisees and independent auto rental operators with financial services related to insurance products in the United States.

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