GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jones Lang LaSalle Inc (FRA:4J2) » Definitions » Cash Conversion Cycle

Jones Lang LaSalle (FRA:4J2) Cash Conversion Cycle : 30.87 (As of Jun. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Jones Lang LaSalle Cash Conversion Cycle?

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

Jones Lang LaSalle's Days Sales Outstanding for the three months ended in Jun. 2024 was 30.87.
Jones Lang LaSalle's Days Inventory for the three months ended in Jun. 2024 was 0.
Jones Lang LaSalle's Days Payable for the three months ended in Jun. 2024 was 0.
Therefore, Jones Lang LaSalle's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2024 was 30.87.


Jones Lang LaSalle Cash Conversion Cycle Historical Data

The historical data trend for Jones Lang LaSalle'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.

Jones Lang LaSalle Cash Conversion Cycle Chart

Jones Lang LaSalle Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.84 -20.19 -19.55 30.63 28.51

Jones Lang LaSalle 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 35.96 34.50 27.36 31.01 30.87

Competitive Comparison of Jones Lang LaSalle's Cash Conversion Cycle

For the Real Estate Services subindustry, Jones Lang LaSalle'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.


Jones Lang LaSalle's Cash Conversion Cycle Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Jones Lang LaSalle's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Jones Lang LaSalle's Cash Conversion Cycle falls into.



Jones Lang LaSalle 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.

Jones Lang LaSalle'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
=28.51+0-0
=28.51

Jones Lang LaSalle'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
=30.87+0-0
=30.87

* 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.


Jones Lang LaSalle  (FRA:4J2) 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.


Jones Lang LaSalle Cash Conversion Cycle Related Terms

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


Jones Lang LaSalle Business Description

Traded in Other Exchanges
Address
200 East Randolph Drive, Chicago, IL, USA, 60601
Jones Lang LaSalle provides a wide range of real estate-related services to owners, occupiers, and investors worldwide, including leasing, property and project management, and capital markets advisory. JLL's investment management arm, LaSalle Investment Management, manages over $74 billion for clients across diverse public and private real estate strategies.

Jones Lang LaSalle Headlines

No Headlines