SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'CCC' AP (Ampco-Pittsburgh) Cash Conversion Cycle
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Ampco-Pittsburgh (Ampco-Pittsburgh) Cash Conversion Cycle

: 156.21 (As of Dec. 2023)
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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Ampco-Pittsburgh's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.41.
Ampco-Pittsburgh's Days Inventory for the three months ended in Dec. 2023 was 127.44.
Ampco-Pittsburgh's Days Payable for the three months ended in Dec. 2023 was 39.64.
Therefore, Ampco-Pittsburgh's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 156.21.

Ampco-Pittsburgh Cash Conversion Cycle Historical Data

The historical data trend for Ampco-Pittsburgh'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.

Ampco-Pittsburgh 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 127.73 146.70 141.79 146.30 152.76

Ampco-Pittsburgh Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 150.37 153.71 161.43 168.12 156.21
Competitive Comparison

For the Metal Fabrication subindustry, Ampco-Pittsburgh'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.

Ampco-Pittsburgh Cash Conversion Cycle Distribution

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

* The bar in red indicates where Ampco-Pittsburgh's Cash Conversion Cycle falls into.


Ampco-Pittsburgh 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.

Ampco-Pittsburgh'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
=65.44+129.32-42
=152.76

Ampco-Pittsburgh's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=68.41+127.44-39.64
=156.21

* 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.

Ampco-Pittsburgh  (NYSE:AP) 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.

Ampco-Pittsburgh Cash Conversion Cycle Related Terms

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

Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ampco-Pittsburgh Corp (NYSE:AP) » Definitions » Cash Conversion Cycle
Comparable Companies
TPCS LQMT HIHO SGBX GIFI CMPO ESAB ATI MLI SZSE:000039 TPE:2474 CRS SHSE:688122 XTER:TKA WOR XTER:NDA SHSE:601399 XBRU:BEKB SZSE:300748 SHSE:601106
Traded in Other Exchanges
N/A
Address
726 Bell Avenue, Suite 301, Carnegie, PA, USA, 15106
Website
http://www.ampcopgh.com
Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.
Executives
Darrell L Mcnair director 726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Frederick D. Disanto director 6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
David George Anderson officer: President,Air&Liq. Proc. Group 726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Robert Demichiei director 726 BELL AVE., SUITE 301, PO BOX 457, CARNEGIE PA 15106
Michael G Mcauley officer: CFO & Treasurer 1550 CORAOPOLIS HEIGHTS ROAD, SUITE 500, PITTSBURGH PA 15108
Louis Berkman Investment Co 10 percent owner 330 N. SEVENTH STREET, STEUBENVILLE OH 43952
Brett Mcbrayer director, officer: Chief Executive Officer 726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Pforzheimer Carl H Ii director CARL H PFORZHEIMER & CO, 650 MADISON 23 FLOOR, NEW YORK NY 10022
Samuel Lyon officer: President of Union Electric C/O UNION ELECTRIC STEEL CORPORATION, 726 BELL AVENUE, CARNEGIE PA 15106
Elizabeth Anne Fessenden director 1137 WEST AVENUE, RICHMOND VA 23220
Crawford United Corp other: Member of 10% owner group 10514 DUPONT AVE, CLEVELAND OH 44108
Edward F Crawford other: Member of 10% owner group
2006 Irrevocable Trust Of Laura W. Van Loan For The Benefit Of Mary M. Crawford other: Member of 10% owner group 6065 PARKLAND BOULEVARD, CLEVELAND OH 44124
Altor Ii Aggregator Topco Ltd 10 percent owner 11-15 SEATON PLACE, ST. HELIER Y9 JE4 0QH
Terry L Dunlap director 1000 SIX PPG PLACE, PITTSBURGH PA 15222