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AstroNova (AstroNova) Cash Conversion Cycle : 199.58 (As of Jan. 2024)


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What is AstroNova Cash Conversion Cycle?

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

AstroNova's Days Sales Outstanding for the three months ended in Jan. 2024 was 51.92.
AstroNova's Days Inventory for the three months ended in Jan. 2024 was 171.46.
AstroNova's Days Payable for the three months ended in Jan. 2024 was 23.8.
Therefore, AstroNova's Cash Conversion Cycle (CCC) for the three months ended in Jan. 2024 was 199.58.


AstroNova Cash Conversion Cycle Historical Data

The historical data trend for AstroNova'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.

AstroNova Cash Conversion Cycle Chart

AstroNova Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 174.94 190.10 178.25 182.75 208.56

AstroNova 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 194.19 226.91 204.93 220.60 199.58

Competitive Comparison of AstroNova's Cash Conversion Cycle

For the Computer Hardware subindustry, AstroNova'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.


AstroNova's Cash Conversion Cycle Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AstroNova's Cash Conversion Cycle distribution charts can be found below:

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



AstroNova 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.

AstroNova's Cash Conversion Cycle for the fiscal year that ended in Jan. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=55.03+184.83-31.3
=208.56

AstroNova'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
=51.92+171.46-23.8
=199.58

* 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.


AstroNova  (NAS:ALOT) 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.


AstroNova Cash Conversion Cycle Related Terms

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


AstroNova (AstroNova) Business Description

Traded in Other Exchanges
Address
600 East Greenwich Avenue, West Warwick, RI, USA, 02893
AstroNova Inc designs develops, manufactures and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. Target markets for its hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation. Its business consists of two segments, Product Identification and Test & Measurement. It derives revenue from The PI segment that includes specialty printing systems and related supplies sold under the QuickLabel, TrojanLabel and GetLabels brand names.
Executives
Alexis P Michas director 940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Yvonne Schlaeppi director 600 EAST GREENWICH AVENUE, WEST WARWICK X1 02893
Richard S Warzala director 495 COMMERCE DRIVE, AMHERST NY 14228
Thomas Wayne Carll officer: Vice President 264 CASTLE ROCKS ROAD, WARWICK RI 02864
David S Smith officer: Chief Financial Officer C/O STANDARD MICROSYSTEMS CORPORATION, 80 ARKAY DRIVE, HAUPPAUGE NY 11788
Mitchell I Quain director 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jean A Bua director
Harold Schofield director 9 ATLANTIC AVENUE, NARRAGANSETT RI 02882
Michael J Natalizia officer: Vice President and CTO 50 EDGEWATER ROAD, NARRAGANSETT RI 02882
Michael Morawetz officer: VP - International Branches 36396 STEINAU, SUDENTENSTRASSE 2M 12
Everett V Pizzuti director ADAMS J GWALTNEY, 1500 FLEET CENTER, PROVIDENCE RI 029302393
Albert W. Ondis Declaration Of Trust 10 percent owner 515 BEACH ROAD, FAIRFIELD CT 02903
Eric E Pizzuti officer: Vice President 72 FOOTE STREET, BARRINGTON RI 02806
John P Jordan officer: Chief Financial Officer 600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
April Ondis director C/O ASTRO-MED, INC., 600 EAST GREENWICH AVENUE, PROVIDENCE RI 02893