Market Cap : 3.51 B | Enterprise Value : 3.51 B | P/E (TTM) : | P/B : 7.81 |
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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
3D Systems's Days Sales Outstanding for the
three
months ended in Sep. 2020 was 66.68.
3D Systems's Days Inventory for the
three
months ended in Sep. 2020 was 150.23.
3D Systems's Days Payable for the
three
months ended in Sep. 2020 was 49.7.
Therefore, 3D Systems's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2020 was 167.21.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where 3D 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.
3D Systems'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 |
= | 63.48 | + | 126.99 | - | 51.83 | |
= | 138.64 |
3D Systems's Cash Conversion Cycle for the quarter that ended in Sep. 2020 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 66.68 | + | 150.23 | - | 49.7 | |
= | 167.21 |
* 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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