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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Permian Resources's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 9.54.
Permian Resources's Days Inventory for the
three
months ended in Dec. 2023 was 0.
Permian Resources's Days Payable for the
three
months ended in Dec. 2023 was 16.9.
Therefore, Permian Resources's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was -7.36.
The historical data trend for Permian Resources'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.
Permian Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 6.85 | 28.30 | 12.22 | -10.49 | -17.83 |
Permian Resources Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -19.39 | -15.32 | -6.40 | -3.06 | -7.36 |
For the Oil & Gas E&P subindustry, Permian Resources'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 Oil & Gas industry and Energy sector, Permian Resources's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Permian Resources'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.
Permian Resources's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0.29 | + | 0 | - | 18.12 | |
= | -17.83 |
Permian Resources's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 9.54 | + | 0 | - | 16.9 | |
= | -7.36 |
* 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.
Permian Resources (NYSE:PR) 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 Permian Resources's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Guy M Oliphint | officer: EVP, Chief Financial Officer | C/O PENNIAN RESOURCES CORPORATION, I300 N. MARIENFELD ST., SUITE 1000, MIDLAND TX 79701 |
Silver Run Sponsor, Llc | 10 percent owner | 1000 LOUISIANA STREET, SUITE 1450, C/O RIVERSTONE EQUITY, HOUSTON TX 77002 |
Encap Energy Capital Fund Viii, L.p. | 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Ngp Xi Us Holdings, L.p. | 10 percent owner | 2850 N HARWOOD STREET, 19TH FLOOR, DALLAS TX 75201 |
Riverstone Non-eci Usrpi Aiv, L.p. | 10 percent owner | C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019 |
Rel Us Centennial Holdings, Llc | 10 percent owner | C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019 |
Robert John Anderson | director | 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380 |
U.s. Bank Trust Company, National Association | 10 percent owner | 111 SW FIFTH AVENUE, PORTLAND OR 97204 |
Encap Energy Capital Fund Xi, L.p. | 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Frost W. Cochran | director | 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056 |
Encap Energy Capital Fund Ix, L.p. | 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Bold Energy Holdings, Llc | 10 percent owner | 600 N. MARIENFELD ST., SUITE 1000, MIDLAND TX 79701 |
Encap Partners Gp, Llc | 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Brent P Jensen | officer: SVP, Chief Accounting Officer | C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1401 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202 |
John Charles Bell | officer: EVP & General Counsel | C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1001 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202 |
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