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Fleetcor Technologies Cash Conversion Cycle

: -701.61 (As of Sep. 2019)
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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Fleetcor Technologies's Days Sales Outstanding for the three months ended in Sep. 2019 was 228.31.
Fleetcor Technologies's Days Inventory for the three months ended in Sep. 2019 was 0.
Fleetcor Technologies's Days Payable for the three months ended in Sep. 2019 was 929.92.
Therefore, Fleetcor Technologies's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2019 was -701.61.


Fleetcor Technologies Cash Conversion Cycle Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Fleetcor Technologies Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cash Conversion Cycle Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,304.07 -601.18 -942.95 -990.74 -622.61

Fleetcor Technologies Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 -882.35 -572.70 -830.49 -910.80 -701.61

Competitive Comparison
* 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.


Fleetcor Technologies Cash Conversion Cycle Distribution

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



Fleetcor Technologies 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.

Fleetcor Technologies's Cash Conversion Cycle for the fiscal year that ended in Dec. 2018 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=213.86+0-836.47
=-622.61

Fleetcor Technologies's Cash Conversion Cycle for the quarter that ended in Sep. 2019 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=228.31+0-929.92
=-701.61

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Fleetcor Technologies  (NYSE:FLT) 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.


Fleetcor Technologies Cash Conversion Cycle Related Terms


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