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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Houston Wire & Cable Co's Days Sales Outstanding for the
three
months ended in Mar. 2021 was 55.09.
Houston Wire & Cable Co's Days Inventory for the
three
months ended in Mar. 2021 was 120.56.
Houston Wire & Cable Co's Days Payable for the
three
months ended in Mar. 2021 was 15.07.
Therefore, Houston Wire & Cable Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2021 was 160.58.
The historical data trend for Houston Wire & Cable Co'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.
For the Industrial Distribution subindustry, Houston Wire & Cable Co'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 Industrial Distribution industry and Industrials sector, Houston Wire & Cable Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Houston Wire & Cable Co'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.
Houston Wire & Cable Co's Cash Conversion Cycle for the fiscal year that ended in Dec. 2020 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 56.39 | + | 149.41 | - | 16.1 | |
= | 189.70 |
Houston Wire & Cable Co's Cash Conversion Cycle for the quarter that ended in Mar. 2021 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 55.09 | + | 120.56 | - | 15.07 | |
= | 160.58 |
* 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.
Houston Wire & Cable Co (NAS:HWCC) 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 Houston Wire & Cable Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Roy W Haley | director | COMMERCE COURT FOUR STATION SQUARE, SUITE 700, PITTSBURGH PA 15219 |
G Gary Yetman | director | P.O. BOX 2139 EDWARDS CO 81632 |
William H Sheffield | director | 401 QUEENS QUAY WEST SUITE 104 TORONTO A6 M5V 2Y2 |
Eric Wayne Davis | officer: INTERIM CFO & CAO | 10201 NORTH LOOP EAST HOUSTON TX 77029 |
Jerry Michael Zurovchak | officer: SENIOR VP & COO | 10201 NORTH LOOP EAST HOUSTON TX 77029 |
Christopher M. Micklas | officer: VP & CFO | ONE MEMORIAL CITY PLAZA, 800 GESSNER ROAD, SUITE 875, HOUSTON TX 77024 |
Pokluda James L Iii | director | 10201 N. LOOP EAST HOUSTON TX 77029 |
Sandford W. Rothe | director | 1 GOOSEBERRY LANE CHERRY HILLS VILLAGE CO 80113 |
David Nierenberg | director, 10 percent owner | 19605 NE 8TH STREET, CAMAS WA 98607 |
Nierenberg Investment Management Co | 10 percent owner | 19605 NE 8TH ST, CAMAS WA 98607 |
Margaret Laird | director | 1283 BLACKBIRD COURT BOULDER CO 80303 |
Robert L Reymond | director | 10721 W. 118TH TERRACE OVERLAND PARK KS 66210 |
Michael T Campbell | director | HOUSTON WIRE & CABLE COMPANY, 10201 NORTH LOOP EAST, HOUSTON TX 77029 |
Mark A Ruelle | director | C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105 |
Nicol G Graham | officer: VP, CFO, TREASURER & SECRETARY | 10201 NORTH LOOP EAST HOUSTON TX 77029 |
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