Public Service Enterprise Group's Days Sales Outstanding for the
three
months ended in Mar. 2022 was 70.76.
Public Service Enterprise Group's Days Inventory for the
three
months ended in Mar. 2022 was 28.69.
Public Service Enterprise Group's Days Payable for the
three
months ended in Mar. 2022 was 50.82.
Therefore, Public Service Enterprise Group's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2022 was 48.63.
Public Service Enterprise Group Cash Conversion Cycle Historical Data
The historical data trend for Public Service Enterprise Group'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.
Public Service Enterprise Group Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Cash Conversion Cycle
5.36
12.45
21.34
24.69
33.56
Public Service Enterprise Group Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Cash Conversion Cycle
27.90
51.39
47.04
24.26
48.63
Competitive Comparison
For the Utilities - Diversified subindustry, Public Service Enterprise Group'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.
Public Service Enterprise Group Cash Conversion Cycle Distribution
For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Public Service Enterprise Group's Cash Conversion Cycle falls into.
Public Service Enterprise Group 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.
Public Service Enterprise Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Public Service Enterprise Group (NYSE:PEG) 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.
Public Service Enterprise Group Cash Conversion Cycle Related Terms
Thank you for viewing the detailed overview of Public Service Enterprise Group's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Public Service Enterprise Group Business Description
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG also operates the Long Island Power Authority system. In 2022, PSEG sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.
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