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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Performance Food Group Co's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 14.98.
Performance Food Group Co's Days Inventory for the
three
months ended in Dec. 2023 was 24.66.
Performance Food Group Co's Days Payable for the
three
months ended in Dec. 2023 was 17.76.
Therefore, Performance Food Group Co's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 21.88.
The historical data trend for Performance Food Group Co'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.
Performance Food Group Co Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 24.42 | 18.55 | 16.32 | 17.67 | 21.46 |
Performance Food Group Co 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 | Get a 7-Day Free Trial | 20.64 | 21.03 | 20.27 | 21.30 | 21.88 |
For the Food Distribution subindustry, Performance Food Group Co'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.
For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Performance Food Group Co'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.
Performance Food Group Co's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 15 | + | 24.4 | - | 17.94 | |
= | 21.46 |
Performance Food Group Co'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 |
= | 14.98 | + | 24.66 | - | 17.76 | |
= | 21.88 |
* 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.
Performance Food Group Co (NYSE:PFGC) 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.
Thank you for viewing the detailed overview of Performance Food Group Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
David V Singer | director | 13024 BALLANTYNE CORPORATE PL, SUITE 900, CHARLOTTE NC 28277 |
Patrick T. Hagerty | officer: See Remarks | C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238 |
George L Holm | director, officer: See Remarks | 3000 69TH STREET EAST, PALMETTO FL 34221 |
Donald S. Bulmer | officer: See Remarks | 12500 WEST CREEK PARKWAY, RICHMOND VA 23238 |
Craig Howard Hoskins | officer: See Remarks | C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238 |
Hugh Patrick Hatcher | officer: See Remarks | 12500 WEST CREEK PARKWAY, RICHMOND VA 23238 |
Christine R Vlahcevic | officer: See Remarks | 1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350 |
Kimberly Grant | director | 150 WEST CHURCH AVENUE, MARYVILLE TN 37801 |
Scott E Mcpherson | officer: See Remarks | 395 OYSTER POINT BLVD, SUITE 415, SAN FRANCISCO CA 94080 |
Matthew C Flanigan | director | LEGGETT & PLATT INC, NO 1 LEGGETT ROAD, CARTHAGE MO 64836 |
Laura Jean Flanagan | director | 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080 |
James D Hope | officer: See Remarks | 1390 ENCLAVE PARKWAY, HOUSTON TX 77077 |
Warren M Thompson | director | 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060 |
Barbara Beck | director | 5301 N IRONWOOD RD, MILWAUKEE WI 53217 |
Erika T Davis | officer: See Remarks |
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