ICTS International NV (ICTS International NV) Cash Conversion Cycle : 46.73 (As of Jun. 2023)

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What is ICTS International NV Cash Conversion Cycle?

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

ICTS International NV's Days Sales Outstanding for the six months ended in Jun. 2023 was 54.64.
ICTS International NV's Days Inventory for the six months ended in Jun. 2023 was 0.
ICTS International NV's Days Payable for the six months ended in Jun. 2023 was 7.91.
Therefore, ICTS International NV's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2023 was 46.73.

ICTS International NV Cash Conversion Cycle Historical Data

The historical data trend for ICTS International NV'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.

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ICTS International NV Cash Conversion Cycle Chart

ICTS International NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Conversion Cycle

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41.03

40.91

48.23

41.92

51.24

ICTS International NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash Conversion Cycle	Get a 7-Day Free Trial															41.49	48.04	55.23	49.58	46.73

Competitive Comparison of ICTS International NV's Cash Conversion Cycle

For the Security & Protection Services subindustry, ICTS International NV'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.

ICTS International NV's Cash Conversion Cycle Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ICTS International NV's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where ICTS International NV's Cash Conversion Cycle falls into.

ICTS International NV 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.

ICTS International NV'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
	=	61.43	+	0	-	10.19
	=	51.24

ICTS International NV's Cash Conversion Cycle for the quarter that ended in Jun. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	54.64	+	0	-	7.91
	=	46.73

ICTS International NV (OTCPK:ICTSF) 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.

ICTS International NV Cash Conversion Cycle Related Terms

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ICTS International NV (ICTS International NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ICTS International NV (OTCPK:ICTSF) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Walaardt Sacrestraat 425-5, 1117 BM Schiphol-Oost, Amsterdam, NH, NLD, 1117

Website

https://www.ictsintl.com

ICTS International NV provides aviation security and other aviation services. Business activity of the firm is operated through Corporate, Airport security and other aviation services, and Authentication Technology segments. The Airport security and other aviation segment provide security and other services to airlines and airport authorities, predominantly in Europe and the U.S. The Authentication technology segment is involved in the development and sale of authentication security software to financial and other institutions. The geographical presence of the company in Germany, United States, Netherlands, Spain and Other countries out of its majority of the revenue generated from Germany.

Executives

Rom Shaked	other: Managing Director	79 EERSTE OOSTERPARKSTRAAT, AMSTERDAM P7 1091GW
Igal Tabori	10 percent owner	19 ALUMIM STREET, TEL AVIV L3 69690
Philip Getter	director, 10 percent owner	PRIME CHARTER LTD, 810 SEVENTH AVE, NEW YORK NY 10019
Spencer Corp	10 percent owner	AM HANSAKAI 14, ROSTOCK 2M 18147
Menachem Atzmon	director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
David W Sass	director, 10 percent owner	260 MADISON AVE 18TH FLR, NEW YORK NY 10016
Gail Lieberman	director	175 EAST 79TH STREET, APT. 4D, NEW YORK NY 10075
Gordon Hausmann	director	C/O CH. HAUSMANN & CO., 5 DE WALDEN COURT 85 NEW CAVENDISH STREE, LONDON X0 W1W6XD
Ron Atzmon	director	18A YAAKOV STREET, TEL AVIV L3 6901552
Gil Atzmon	director	2 HACHERMESH STREET, SAVYON L3 0000000000
Alon Raich	director	C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000
Elie Housman	director	600 WEST END AVENUE 12-CD, NEW YORK NY 10022
Amos Megides	10 percent owner	21 MOROD HANACHAL STREET, HOFIT L3 40300
Ran Langer	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
Dan Avraham	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020