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Civeo (CVEO) Cash Conversion Cycle

: 15.08 (As of Dec. 2023)
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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Civeo's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.38.
Civeo's Days Inventory for the three months ended in Dec. 2023 was 4.48.
Civeo's Days Payable for the three months ended in Dec. 2023 was 37.78.
Therefore, Civeo's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 15.08.


Civeo Cash Conversion Cycle Historical Data

The historical data trend for Civeo'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.

* Premium members only.

Civeo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.91 17.08 10.62 6.28 8.43

Civeo 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.27 6.51 8.82 11.08 15.08

Competitive Comparison

For the Specialty Business Services subindustry, Civeo'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.


Civeo Cash Conversion Cycle Distribution

For the Business Services industry and Industrials sector, Civeo's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Civeo's Cash Conversion Cycle falls into.



Civeo 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.

Civeo'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
=41.43+4.78-37.78
=8.43

Civeo'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
=48.38+4.48-37.78
=15.08

* 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.


Civeo  (NYSE:CVEO) 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.


Civeo Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Civeo's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


Civeo (CVEO) Business Description

Traded in Other Exchanges
Address
333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002
Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.
Executives
Moore Constance B director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson 10 percent owner 596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert director 333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening officer: See Remarks 333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann officer: Sr. Vice President, Australia 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo director 203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson director, officer: President, CEO, and Director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer officer: Vice President and Controller 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson director 333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson 10 percent owner 596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust 10 percent owner 596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger officer: See Remarks 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley officer: See Remarks 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

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