Eaton Vance (Eaton Vance) Cash Conversion Cycle : 30.11 (As of Oct. 2020)

View and export this data going back to 1996. Start your Free Trial

What is Eaton Vance Cash Conversion Cycle?

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

Eaton Vance's Days Sales Outstanding for the three months ended in Oct. 2020 was 48.64.
Eaton Vance's Days Inventory for the three months ended in Oct. 2020 was 0.
Eaton Vance's Days Payable for the three months ended in Oct. 2020 was 18.53.
Therefore, Eaton Vance's Cash Conversion Cycle (CCC) for the three months ended in Oct. 2020 was 30.11.

Eaton Vance Cash Conversion Cycle Historical Data

The historical data trend for Eaton Vance'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.

Eaton Vance Cash Conversion Cycle Chart

Eaton Vance Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Cash Conversion Cycle

Get a 7-Day Free Trial

18.54

17.42

13.92

14.03

21.19

Eaton Vance Quarterly Data
	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21
Cash Conversion Cycle	Get a 7-Day Free Trial															15.86	18.21	18.77	30.11	18.03

Competitive Comparison of Eaton Vance's Cash Conversion Cycle

For the Asset Management subindustry, Eaton Vance'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.

Eaton Vance's Cash Conversion Cycle Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance's Cash Conversion Cycle distribution charts can be found below:

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

Eaton Vance 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.

Eaton Vance's Cash Conversion Cycle for the fiscal year that ended in Oct. 2020 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	51.43	+	0	-	30.24
	=	21.19

Eaton Vance's Cash Conversion Cycle for the quarter that ended in Oct. 2020 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	48.64	+	0	-	18.53
	=	30.11

Eaton Vance (NYSE:EV) 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.

Eaton Vance Cash Conversion Cycle Related Terms

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

Eaton Vance (Eaton Vance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Corp (NYSE:EV) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two International Place, Boston, MA, USA, 02110

Website

https://www.eatonvance.com

Eaton Vance provides asset-management and investment advisory services to institutional and individual investors. The firm specializes in tax-managed equity and fixed-income investments and is the third-largest issuer of closed-end funds. Investment advisory services are primarily provided to high-net-worth clients, institutional separate accounts, and retail managed accounts, with most products distributed through financial intermediaries in the advisory channel. The company had $583.1 billion in assets under management at the end of December 2020, composed of equity (27% of AUM), fixed-income (13%), floating-rate bank loan (5%), alternative asset (1%), and money market funds, as well as assets managed under its implementation services (35%) and exposure management (19%) platforms.

Executives

Faust Thomas E Jr	director, officer: CEO	255 STATE STREET, BOSTON MA 02109
Daniel C. Cataldo	officer: Chief Administrative Officer	2 INTERNATIONAL PLACE, SUITE 1400 BOSTON MA 02110
Spillane Richard A Jr.	director	EATON VANCE CORP. TWO INTERNATIONAL PLACE BOSTON MA 02110
Frederick S Marius	officer: Chief Legal Officer	255 STATE STREET BOSTON MA 02109
Brian D. Langstraat	director	TWO INTERNATIONAL PLACE BOSTON MA 02110
Laurie G Hylton	officer: Chief Financial Officer	255 STATE STREET, BOSTON MA 02109
Julie E Rozen	officer: Chief Accounting Officer	2 INTERNATIONAL PLACE SUITE 1400 BOSTON MA 02110
Matthew J Witkos	other: Pres & CEO EV Distributors Inc	255 STATE STREET, BOSTON MA 02109
Higdon Leo I Jr	director	1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Smith Winthrop H Jr	director	255 STATE STREET BOSTON MA 02109
Dorothy E Puhy	director	DANA FARBER CANCER INSTITUTE, 44 BINNEY STREET, RM. D1632, BOSTON MA 02115
Paula A Johnson	director	22 CHERRY HILL DRIVE, DANVERS MA 01923
Ann E Berman	director	255 STATE STREET, BOSTON MA 02109
Edward J. Perkin	officer: Chief Equity Inv. Officer	2 INTERNATIONAL PLACE, EATON VANCE, BOSTON MA 02110
Jeffrey P Beale	officer: Chief Administrative Officer	255 STATE STREET, BOSTON MA 02109