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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Endeavor Group Holdings's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 58.31.
Endeavor Group Holdings's Days Inventory for the
three
months ended in Dec. 2023 was 0.
Endeavor Group Holdings's Days Payable for the
three
months ended in Dec. 2023 was 83.25.
Therefore, Endeavor Group Holdings's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was -24.94.
The historical data trend for Endeavor Group Holdings'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.
Endeavor Group Holdings Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | -19.51 | -46.95 | -40.09 | -49.36 | -31.96 |
Endeavor Group Holdings Quarterly Data | ||||||||||||||||||||
Jun18 | Dec18 | Jun19 | 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 | -46.58 | -22.06 | -37.99 | -48.09 | -24.94 |
For the Entertainment subindustry, Endeavor Group Holdings'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 Media - Diversified industry and Communication Services sector, Endeavor Group Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Endeavor Group Holdings'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.
Endeavor Group Holdings'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 |
= | 56.85 | + | 0 | - | 88.81 | |
= | -31.96 |
Endeavor Group Holdings'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 |
= | 58.31 | + | 0 | - | 83.25 | |
= | -24.94 |
* 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.
Endeavor Group Holdings (NYSE:EDR) 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 Endeavor Group Holdings's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
William K. Fullerton | officer: Global Controller and CAO | C/O ENDEARVOR GROUP HOLDINGS, INC., 9601 WILSHIRE BOULEVARD, 3RD FLOOR, BEVERLY HILLS CA 90210 |
Seth D Krauss | officer: Chief Legal Officer | C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012 |
Jason Lublin | officer: Chief Financial Officer | C/O ENDEAVOR GROUP HOLDINGS, INC., 9601 WILSHIRE BOULEVARD, 3RD FLOOR, BEVERLY HILLS CA 90210 |
Mark S Shapiro | officer: President | C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147 |
Ariel Emanuel | director, 10 percent owner, officer: Chief Executive Officer | C/O SOURCE INTERLINK COMPANIES, INC., 27500 RIVERVIEW CENTER BLVD, SUITE 400, BONITA SPRINGS FL 34134 |
Patrick Whitesell | director, 10 percent owner, officer: Executive Chairman | 11601 WILSHIRE BOULEVARD, SUITE 1600, LOS ANGELES CA 90025 |
Christian Muirhead | officer: Chief Communications Officer | C/O ENDEAVOR GROUP HOLDINGS, INC., 9601 WILSHIRE BOULEVARD, 3RD FLOOR, BEVERLY HILLS CA 90210 |
Jacqueline D Reses | director | C/O SQUARE, INC., 1455 MARKET STREET #600, SAN FRANCISCO CA 94103 |
Silver Lake West Voteco, L.l.c. | director, 10 percent owner | C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
Silver Lake West Holdco, L.p. | director, 10 percent owner | C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
Silver Lake West Holdco Ii, L.p. | director, 10 percent owner | C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
Ursula M Burns | director | 200 SE MIZNER BLVD, UNIT 703, BOCA RATON FL 33432 |
Kerry D Chandler | officer: Chief Human Resources Officer | 1020 HULL STREET, BALTIMORE MD 21230 |
Silver Lake Technology Investors Iv (delaware Ii), L.p. | director, 10 percent owner | C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
Silver Lake Technology Associates Vi, L.p. | director, 10 percent owner | C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
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