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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Monolithic Power Systems's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 36.75.
Monolithic Power Systems's Days Inventory for the
three
months ended in Dec. 2023 was 175.63.
Monolithic Power Systems's Days Payable for the
three
months ended in Dec. 2023 was 28.71.
Therefore, Monolithic Power Systems's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 183.67.
The historical data trend for Monolithic Power Systems'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.
Monolithic Power Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 170.02 | 131.50 | 129.11 | 166.86 | 197.54 |
Monolithic Power Systems 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 | 200.60 | 217.13 | 208.65 | 182.95 | 183.67 |
For the Semiconductors subindustry, Monolithic Power Systems'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 Semiconductors industry and Technology sector, Monolithic Power Systems's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Monolithic Power Systems'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.
Monolithic Power Systems'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 |
= | 36.34 | + | 189.58 | - | 28.38 | |
= | 197.54 |
Monolithic Power Systems'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 |
= | 36.75 | + | 175.63 | - | 28.71 | |
= | 183.67 |
* 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.
Monolithic Power Systems (NAS:MPWR) 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 Monolithic Power Systems's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Maurice Sciammas | officer: Sr. V.P.of Sales and Marketing | 79 GREAT OAKS BLVD, SAN JOSE CA 95119 |
Deming Xiao | officer: Vice President of Operations | 79 GREAT OAKS BLVD, SAN JOSE CA 95119 |
Saria Tseng | officer: VP and General Counsel | 79 GREAT OAKS BLVD, SAN JOSE CA 95119 |
Michael Hsing | director, 10 percent owner, officer: President and CEO | 79 GREAT OAKS BLVD, SAN JOSE CA 95119 |
Theodore Blegen | officer: CFO | 5808 LAKE WASHINGTON BLVD NE, KIRKLAND WA 98033 |
James C Moyer | director, 10 percent owner, officer: Chief Design Engineer | 79 GREAT OAKS BLVD, SAN JOSE CA 95119 |
Chang Kuo Wei Herbert | director, 10 percent owner | C/O MARVELL SEMICONDUCTOR, INC., 5488 MARVELL LANE, SANTA CLARA CA 95054 |
Eileen Wynne | director | MONOLITHIC POWER SYSTEMS, 79 GREAT OAKS BLVD, SAN JOSE CA 95117 |
Jeff Zhou | director | 6409 GUADALUPE MINES ROAD, SAN JOSE CA 95120 |
Eugen J Elmiger | director | BUEELHADE 3A, SEMPACH STADT V8 6204 |
Victor K Lee | director | C/O LEADIS TECHNOLOGY, 800 W. CALIFORNIA AVENUE, SUITE 200, SUNNYVALE CA 94086 |
Carintia Martinez | director | 5808 LAKE WASHINGTON BLVD NE, KIRKLAND WA 98033 |
Meera Rao | officer: VP of Finance, Corp Controller | 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089 |
Douglas M Mcburnie | director | 233 S. HILLVIEW DRIVE, MILPITAS CA 95035 |
Smith- Pilkington Karen A | director | 343 STATE STREET, ROCHESTER NY 146500211 |
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