3.4(1.92%) Volume: 1,114,719 10:08PM EDT| Market Cap : 11.55 B | Enterprise Value : 14.9 B | P/E (TTM) : 28.99 | P/B : 42.30 |
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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Burlington Stores's Days Sales Outstanding for the
three
months ended in Apr. 2019 was 5.55.
Burlington Stores's Days Inventory for the
three
months ended in Apr. 2019 was 87.8.
Burlington Stores's Days Payable for the
three
months ended in Apr. 2019 was 67.17.
Therefore, Burlington Stores's Cash Conversion Cycle (CCC) for the
three
months ended in Apr. 2019 was 26.18.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Burlington Stores Quarterly Data | ||||||||||||||||||||
| Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | Oct16 | Jan17 | Apr17 | Jul17 | Oct17 | Jan18 | Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | |
| Cash Conversion Cycle |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.33 | 9.88 | 3.15 | 15.06 | 26.18 |
* The bar in red indicates where Burlington Stores'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.
Burlington Stores's Cash Conversion Cycle for the fiscal year that ended in Jan. 2019 is calculated as
| Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
| = | 3.22 | + | 80.53 | - | 80.07 | |
| = | 3.68 |
Burlington Stores's Cash Conversion Cycle for the quarter that ended in Apr. 2019 is calculated as:
| Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
| = | 5.55 | + | 87.8 | - | 67.17 | |
| = | 26.18 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.
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