Market Cap : 1.52 B | Enterprise Value : 1.21 B | PE Ratio : 17.17 | PB Ratio : 1.79 |
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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Photronics's Days Sales Outstanding for the
three
months ended in Apr. 2022 was 80.52.
Photronics's Days Inventory for the
three
months ended in Apr. 2022 was 40.74.
Photronics's Days Payable for the
three
months ended in Apr. 2022 was 58.86.
Therefore, Photronics's Cash Conversion Cycle (CCC) for the
three
months ended in Apr. 2022 was 62.40.
The historical data trend for Photronics'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.
For the Semiconductor Equipment & Materials subindustry, Photronics'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, Photronics's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Photronics'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.
Photronics's Cash Conversion Cycle for the fiscal year that ended in Oct. 2021 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 84.94 | + | 41.34 | - | 57.65 | |
= | 68.63 |
Photronics's Cash Conversion Cycle for the quarter that ended in Apr. 2022 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 80.52 | + | 40.74 | - | 58.86 | |
= | 62.40 |
* 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.
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.
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 Photronics's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Lewis Adam M | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Liao Daniel Jl | director | 2045 EAST INNOVATION CIRCLE TEMPE AZ 85284 |
Paladino Mary | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Lee Kang Jyh | officer: President, Asia IC Photomask | 15 SECOR ROAD BROOKFIELD CT 06804 |
Jordan John P | officer: SVP & Chief Financial Officer | 600 EAST GREENWICH AVENUE WEST WARWICK RI 02893 |
Hsia Liang Choo | director | 15 SECOR RD. BROOKFIELD CT 06804 |
Gmt Capital Corp | 10 percent owner | GMT CAPITAL CORP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 |
Burr Richelle E | officer: VP, General Counsel & Secy | 15 SECOR RD BROOKFIELD CT 06804 |
Kirlin Peter S | officer: Senior VP, U.S. & Europe | 15 SECOR ROAD BROOKFIELD CT 06804 |
Progler Christopher J | officer: VP,Chief Technology Officer | 15 SECOR ROAD BROOKFIELD CT 06804 |
Jeong Soo Hong | officer: COO, President-Asia Operations | 15 SECOR ROAD BROOKFIELD CT 06804 |
Luttati Michael J | director, officer: Chief Executive Officer | 15 SECOR ROAD BROOKFIELD CT 06804 |
Maris Willem D | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Tyson Mitchell G | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Yomazzo Michael J | director | 15 SECOR ROAD PO BOX 5226 BROOKFIELD CT 06804 |
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