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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Elevate Credit's Days Sales Outstanding for the
three
months ended in Sep. 2022 was 0.
Elevate Credit's Days Inventory for the
three
months ended in Sep. 2022 was 0.
Elevate Credit's Days Payable for the
three
months ended in Sep. 2022 was 55.35.
Therefore, Elevate Credit's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2022 was -55.35.
The historical data trend for Elevate Credit'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.
Elevate Credit Annual Data | |||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | ||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | -12.02 | -14.94 | -13.15 | -17.90 | -17.37 |
Elevate Credit Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -71.30 | -37.16 | -43.53 | -84.64 | -55.35 |
For the Credit Services subindustry, Elevate Credit'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 Credit Services industry and Financial Services sector, Elevate Credit's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Elevate Credit'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.
Elevate Credit's Cash Conversion Cycle for the fiscal year that ended in Dec. 2021 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0 | + | 0 | - | 17.37 | |
= | -17.37 |
Elevate Credit's Cash Conversion Cycle for the quarter that ended in Sep. 2022 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0 | + | 0 | - | 55.35 | |
= | -55.35 |
* 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.
Elevate Credit (NYSE:ELVT) 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 Elevate Credit's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradley R. Strock | director | C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109 |
Christopher Lutes | officer: Chief Financial Officer | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Steven Austin Trussell | officer: Chief Financial Officer | 4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109 |
David Curry Peterson | officer: Chief Credit Officer | C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109 |
Scott Greever | director, officer: Managing Director, UK | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Jason Harvison | director, officer: Chief Operating Officer | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Jesse K Bray | director | 8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019 |
Rodriquez Manuel Sanchez | director | C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005 |
Michael T. Pugh | director | CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027 |
Head Tyler W. K. | director | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Linda Stinson | 10 percent owner | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Tcv Management 2004 Llc | 10 percent owner, other: May be part of a 13(g) group | 528 RAMONA STREET, PALO ALTO CA 94301 |
Tcv Member Fund, L.p. | 10 percent owner, other: May be part of a 13(g) group | 528 RAMONA STREET, PALO ALTO CA 94301 |
Technology Crossover Management V Llc | 10 percent owner, other: May be part of a 13(g) group | C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025 |
Tcv V Lp | 10 percent owner, other: May be part of a 13(g) group | 528 RAMONA STREET, PALO ALTO CA 94301 |
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