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Hurco (HURC) Cash Conversion Cycle : 416.26 (As of Jan. 2024)


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What is Hurco Cash Conversion Cycle?

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

Hurco's Days Sales Outstanding for the three months ended in Jan. 2024 was 74.01.
Hurco's Days Inventory for the three months ended in Jan. 2024 was 416.71.
Hurco's Days Payable for the three months ended in Jan. 2024 was 74.46.
Therefore, Hurco's Cash Conversion Cycle (CCC) for the three months ended in Jan. 2024 was 416.26.


Hurco Cash Conversion Cycle Historical Data

The historical data trend for Hurco'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.

Hurco Cash Conversion Cycle Chart

Hurco Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 258.82 398.41 280.51 269.40 322.03

Hurco Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 328.53 348.00 371.50 303.93 416.26

Competitive Comparison of Hurco's Cash Conversion Cycle

For the Specialty Industrial Machinery subindustry, Hurco'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.


Hurco's Cash Conversion Cycle Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hurco's Cash Conversion Cycle distribution charts can be found below:

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



Hurco 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.

Hurco's Cash Conversion Cycle for the fiscal year that ended in Oct. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=62.81+334.04-74.82
=322.03

Hurco's Cash Conversion Cycle for the quarter that ended in Jan. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=74.01+416.71-74.46
=416.26

* 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.


Hurco  (NAS:HURC) 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.


Hurco Cash Conversion Cycle Related Terms

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


Hurco (HURC) Business Description

Traded in Other Exchanges
Address
One Technology Way, Indianapolis, IN, USA, 46268
Hurco Companies Inc is a United States-based industrial technology company. It designs, manufactures, and sells computerized machine tools, consisting mainly of vertical machining centers and turning centers, to companies in the metal working industry through sales, service and distribution network. The company concentrated on designing user-friendly computer control systems that can be operated by both skilled and unskilled machine tool operators. It generates maximum revenue from the Computerized Machine Tools product. Geographically, It derives a majority of revenue from the United States of America. Its product categories include 5-Axis VMC; 3-Axis VMC; Horizontal MC and Turning Centers.
Executives
Michael Doar director, officer: Chairman & CEO ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Jonathon D. Wright officer: General Counsel/Corp Secretary ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC>, INDIANAPOLIS IN 46268
Richard R. Porter director ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Haiquynh Jamison officer: Corporate Controller ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC., INDIANAPOLIS IN 46268
Gregory S Volovic officer: EVP-Technology and Operations ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Sonja K Mcclelland officer: Chief Financial Officer ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Thomas A. Aaro director C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Timothy J Gardner director 3600 WEST LAKE AVENUE, GLENVIEW IL 60026
Robert W Cruickshank director
Cynthia S Dubin director 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305
Janaki Sivanesan director 575 MADISON AVENUE, NEW YORK NY 10022
Jay C. Longbottom director C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Andrew Sheeley Niner director ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald G. Strackbein director ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268

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