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International Speedway (International Speedway) Cash Conversion Cycle : -2.77 (As of Aug. 2019)


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What is International Speedway Cash Conversion Cycle?

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

International Speedway's Days Sales Outstanding for the three months ended in Aug. 2019 was 25.27.
International Speedway's Days Inventory for the three months ended in Aug. 2019 was 0.
International Speedway's Days Payable for the three months ended in Aug. 2019 was 28.04.
Therefore, International Speedway's Cash Conversion Cycle (CCC) for the three months ended in Aug. 2019 was -2.77.


International Speedway Cash Conversion Cycle Historical Data

The historical data trend for International Speedway'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.

International Speedway Cash Conversion Cycle Chart

International Speedway Annual Data
Trend Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.67 -29.18 -25.80 -8.89 -6.64

International Speedway Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.78 -8.75 -3.47 8.79 -2.77

Competitive Comparison of International Speedway's Cash Conversion Cycle

For the Leisure subindustry, International Speedway'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.


International Speedway's Cash Conversion Cycle Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Speedway's Cash Conversion Cycle distribution charts can be found below:

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



International Speedway 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.

International Speedway's Cash Conversion Cycle for the fiscal year that ended in Nov. 2018 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=21.66+0-28.3
=-6.64

International Speedway's Cash Conversion Cycle for the quarter that ended in Aug. 2019 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=25.27+0-28.04
=-2.77

* 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.


International Speedway  (NAS:ISCA) 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.


International Speedway Cash Conversion Cycle Related Terms

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International Speedway (International Speedway) Business Description

Traded in Other Exchanges
N/A
Address
One Daytona Boulevard, Daytona Beach, FL, USA, 32114
International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.
Executives
Larree M Renda director
Hyatt J Brown director 300 N. BEACH STREET, DAYTONA BEACH FL 32114
Larry Aiello director ONE RIVERFRONT PLZ, CORNING NY 14831
Ford Edsel B Ii director C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Edward H Rensi director 8400 KEARNEY ROAD, DOWNERS GROVE IL 60516
Gregory W Penske director 3534 NORTH PECK ROAD, EL MONTE CA 91731