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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Mohawk Industries's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 62.22.
Mohawk Industries's Days Inventory for the
three
months ended in Dec. 2023 was 117.46.
Mohawk Industries's Days Payable for the
three
months ended in Dec. 2023 was 49.11.
Therefore, Mohawk Industries's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 130.57.
The historical data trend for Mohawk Industries'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.
Mohawk Industries Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 129.28 | 119.21 | 101.35 | 112.61 | 125.59 |
Mohawk Industries 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 | 135.55 | 126.71 | 120.89 | 126.13 | 130.57 |
For the Furnishings, Fixtures & Appliances subindustry, Mohawk Industries'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 Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Mohawk Industries's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Mohawk Industries'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.
Mohawk Industries'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 |
= | 55.98 | + | 115.79 | - | 46.18 | |
= | 125.59 |
Mohawk Industries'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 |
= | 62.22 | + | 117.46 | - | 49.11 | |
= | 130.57 |
* 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.
Mohawk Industries (NYSE:MHK) 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 Mohawk Industries's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Suzanne L Helen | other: Possible Group Member | C/O MOHAWK INDUSTRIES INC, 2001 ANTIOCH ROAD, DALTON GA 30721 |
Rodney David Patton | officer: General Counsel - VP | 5855 RIVERMOND DRIVE, ATLANTA GA 30328 |
Jeffrey S Lorberbaum | director, officer: President and CEO | MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703 |
Bernard Thiers | director | NESTOR DE TIERESTRAAT 128, EINE C9 9700 |
Harkins William Wayne Ii | officer: CAO and Corporate Controller | 160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701 |
Clifford Charles Suing | officer: CAO and Corporate Controller | 160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701 |
Chistopher Wellborn | director, officer: President-Dal-Tile | MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703 |
Jerry W Burris | director | 5500 WAYZATA BLVD., SUITE 600, GOLDEN VALLEY MN 55416 |
James Brunk | director, officer: Corporate Controller and CAO | 251 MISTY HILL TRAIL, DALLAS GA 30132 |
Steven Hyosig Lee | officer: CAO and Corporate Controller | 160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701 |
Frank H Boykin | director, officer: Vice President-Finance & CFO | 2042 OLD FORGE WAY, MARIETTA GA 30068 |
De Cock Paul F | officer: President-Flooring NA | ALPHONSE RENARDSTRAAT 41, ELSENE C9 1050 |
Filip Balcaen | director | PAULINE VAN POTTELSBERGHELAAN 10, 9051 SINT-DENIJS-WESTREM, GENT C9 9051 |
John Engquist | director | H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816 |
Bruce Bruckmann | director | C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703 |
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