Pattern Energy Group (Pattern Energy Group) Cash Conversion Cycle : 0.02 (As of Dec. 2019)

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What is Pattern Energy Group Cash Conversion Cycle?

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

Pattern Energy Group's Days Sales Outstanding for the three months ended in Dec. 2019 was 45.31.
Pattern Energy Group's Days Inventory for the three months ended in Dec. 2019 was 0.
Pattern Energy Group's Days Payable for the three months ended in Dec. 2019 was 45.29.
Therefore, Pattern Energy Group's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2019 was 0.02.

Pattern Energy Group Cash Conversion Cycle Historical Data

The historical data trend for Pattern Energy Group'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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Pattern Energy Group Cash Conversion Cycle Chart

Pattern Energy Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash Conversion Cycle

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14.12

-1.78

-3.66

-13.03

-4.21

Pattern Energy Group Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash Conversion Cycle	Get a 7-Day Free Trial															-4.18	-11.14	-4.54	6.11	0.02

Competitive Comparison of Pattern Energy Group's Cash Conversion Cycle

For the Utilities - Renewable subindustry, Pattern Energy Group'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.

Pattern Energy Group's Cash Conversion Cycle Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Pattern Energy Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Pattern Energy Group's Cash Conversion Cycle falls into.

Pattern Energy Group 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.

Pattern Energy Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2019 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	44.19	+	0	-	48.4
	=	-4.21

Pattern Energy Group's Cash Conversion Cycle for the quarter that ended in Dec. 2019 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	45.31	+	0	-	45.29
	=	0.02

Pattern Energy Group (NAS:PEGI) 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.

Pattern Energy Group Cash Conversion Cycle Related Terms

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Pattern Energy Group (Pattern Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Pattern Energy Group Inc (NAS:PEGI) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

1088 Sansome Street, San Francisco, CA, USA, 94111

Website

https://patternenergy.com

Pattern Energy Group Inc is an independent power company that owns and operates power projects. The company owns a portfolio of wind power projects located in the U.S., Canada, and Chile. Pattern Energy Group's revenue is primarily generated from the sale of electricity to local utilities under long-term, fixed-price agreements. Most of the company's energy generating facilities are located in the U.S. These American sites are also responsible for the vast majority of its revenue. Pattern Energy Group has made efforts to expand its capacity through projects utilizing alternative forms of renewable energy in Japan and Mexico.

Executives

Alan R Batkin	director	399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Browne Lord Of Madingley	director	C/O GOLDMAN SACHS GROUP INC, 85 BROAD STREET, NEW YORK NY 10004
Richard Goodman	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Patricia S. Bellinger	director	712 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10019
R/c Renewable Energy Gp Ii, L.l.c.	10 percent owner	712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Michael B Hoffman	director	1 GREENWICH OFFICE PARK, GREENWICH CT 06831