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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
BIO-key International's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 150.11.
BIO-key International's Days Inventory for the
three
months ended in Sep. 2023 was 831.31.
BIO-key International's Days Payable for the
three
months ended in Sep. 2023 was 336.63.
Therefore, BIO-key International's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 644.79.
The historical data trend for BIO-key International'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.
BIO-key International Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 243.10 | 130.41 | -75.32 | 556.30 | 651.40 |
BIO-key International Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 988.59 | 417.97 | 435.93 | 587.31 | 644.79 |
For the Security & Protection Services subindustry, BIO-key International'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.
For the Business Services industry and Industrials sector, BIO-key International's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where BIO-key International's Cash Conversion Cycle falls into.
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.
BIO-key International's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 64.84 | + | 701.49 | - | 114.93 | |
= | 651.40 |
BIO-key International's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 150.11 | + | 831.31 | - | 336.63 | |
= | 644.79 |
* 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.
BIO-key International (NAS:BKYI) 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.
Thank you for viewing the detailed overview of BIO-key International's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael W Depasquale | director, officer: Co-Chief Executive Officer | 1285 CORPORATE CENTER DR, STE 175, EAGAN MN 55121 |
James David Sullivan | officer: See Remarks | 411 WALNUT ST., PMB #15855, GREEN COVE SPRINGS FL 32043 |
Cameron E. Williams | director | 400 N. CASCADES CIRCLE, CANTON GA 30114 |
Fong Wong Kwok | director | FLAT C, 27/F., BLOCK 5, GRAND PACIFIC VIEWS, SIU LAM K3 00000 |
Emmanuel Alia | director | 15 C SIGNAL HILL ROAD, MADISON CT 06443 |
Robert J Michel | director | C/O ASTA FUNDING, INC., 210 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632 |
Micron Technology Development Ltd | 10 percent owner | 5/F., SPA CENTRE, 53-55 LOCKHART ROAD, WANCHAI K3 999077 |
Yick Fabian Shin | director | FLAT B, 23/F, TOWER 2B, 19 TONG YON ST.,, THE WINGS IIIA, TSEUNG KWAN O., NEW TERRITORIES K3 00000 |
Knook Pieter Cornelis | director | 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719 |
Jianhui Yao | director | SUITES 2601-2, 26/F TOWER 2, NINA TOWER, 8 YEUNG UK RD, TSUEN WAN K3 TWTL 353 |
Barbara Rivera | director | C/O BIO-KEY INTERNATIONAL, INC., 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719 |
Thomas Gilley | director | C/O BIO-KEY INTERNATIONAL, INC., 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719 |
Iii Thomas Bush, | director | C/O BIO-KEY INTERNATIONAL, INC., 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719 |
Cecilia C Welch | officer: Chief Financial Officer | PO BOX 588, DUNSTABLE MA 01827 |
John Schoenherr | director | C/O ORACLE CORPORATION, 10 VAN DE GRAAFF DRIVE, BURLINGTON MA 01803 |
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