Tier REIT (Tier REIT) Cash Conversion Cycle : -408.71 (As of Mar. 2019)

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What is Tier REIT Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Tier REIT's Days Sales Outstanding for the three months ended in Mar. 2019 was 111.46.
Tier REIT's Days Inventory for the three months ended in Mar. 2019 was 0.
Tier REIT's Days Payable for the three months ended in Mar. 2019 was 520.17.
Therefore, Tier REIT's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2019 was -408.71.

Tier REIT Cash Conversion Cycle Historical Data

The historical data trend for Tier REIT'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.

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Tier REIT Cash Conversion Cycle Chart

Tier REIT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash Conversion Cycle

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101.74

2.09

-251.55

-355.33

123.99

Tier REIT Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Cash Conversion Cycle	Get a 7-Day Free Trial															136.73	-468.45	-423.57	-423.77	-408.71

Competitive Comparison of Tier REIT's Cash Conversion Cycle

For the REIT - Office subindustry, Tier REIT'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.

Tier REIT's Cash Conversion Cycle Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tier REIT's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Tier REIT's Cash Conversion Cycle falls into.

Tier REIT 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.

Tier REIT'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
	=	123.99	+	0	-	0
	=	123.99

Tier REIT's Cash Conversion Cycle for the quarter that ended in Mar. 2019 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	111.46	+	0	-	520.17
	=	-408.71

Tier REIT (NYSE:TIER) 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.

Tier REIT Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Tier REIT's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.

Tier REIT (Tier REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tier REIT Inc (NYSE:TIER) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

5950 Sherry Lane, Suite 700, Dallas, TX, USA, 75225

Website

http://www.tierreit.com

Tier REIT Inc is a Dallas-based real estate investment trust. Its current business consists of owning, acquiring, developing, operating, investing in, and disposing of real estate assets. The company owns interests in nearly 29 operating office properties, one non-operating property, and one development property located in thirteen markets throughout the United States. Its property portfolio comprises 500 East Pratt, 5950 Sherry Lane, Bank of America Plaza, Centreport Office Center, Eldridge Place, among others.

Executives

Scott W Fordham	director, officer: Chief Executive Officer	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Christie B. Kelly	director	600 E. 96TH ST., #100, INDIANAPOLIS IN 46240
Griffin R Kent Jr	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Richard I Gilchrist	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Thomas M Herzog	director	1920 MAIN STREET, SUITE 1200, IRVINE CA 92614
M Jason Mattox	director	1323 NORTH STEMMONS FREEWAY SUITE 200, DALLAS TX 75207
Thomas P Simon	officer: Senior Vice President/Finance	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Michael A Ernst	officer: Chief Financial Officer	5914 NORWAY RD, DALLAS TX 75230
Thomas F August	officer: Chief Operating Officer	6214 PARK LANE, DALLAS TX 75225
Reihsen Gerald J Iii	officer: Executive VP - Corporate, other: Develop. & Legal and Secretary	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254