The L S Starrett Co's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 50.96.
The L S Starrett Co's Days Inventory for the
three
months ended in Dec. 2023 was 133.78.
The L S Starrett Co's Days Payable for the
three
months ended in Dec. 2023 was 31.83.
Therefore, The L S Starrett Co's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 152.91.
The L S Starrett Co Cash Conversion Cycle Historical Data
The historical data trend for The L S Starrett 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.
Competitive Comparison of The L S Starrett Co's Cash Conversion Cycle
For the Tools & Accessories subindustry, The L S Starrett 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.
The L S Starrett Co's Cash Conversion Cycle Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The L S Starrett Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where The L S Starrett Co's Cash Conversion Cycle falls into.
The L S Starrett Co 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.
The L S Starrett Co's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 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.
The L S Starrett Co (NYSE:SCX) 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.
The L S Starrett Co Cash Conversion Cycle Related Terms
Thank you for viewing the detailed overview of The L S Starrett Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
The L S Starrett Co (The L S Starrett Co) Business Description
The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.
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