Tuesday Morning (Tuesday Morning) Cash Conversion Cycle : 70.06 (As of Sep. 2022)

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What is Tuesday Morning Cash Conversion Cycle?

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

Tuesday Morning's Days Sales Outstanding for the three months ended in Sep. 2022 was 0.
Tuesday Morning's Days Inventory for the three months ended in Sep. 2022 was 104.66.
Tuesday Morning's Days Payable for the three months ended in Sep. 2022 was 34.6.
Therefore, Tuesday Morning's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2022 was 70.06.

Tuesday Morning Cash Conversion Cycle Historical Data

The historical data trend for Tuesday Morning'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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Tuesday Morning Cash Conversion Cycle Chart

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Cash Conversion Cycle

67.67

78.50

67.64

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash Conversion Cycle	Get a 7-Day Free Trial								78.47	60.34	96.09	83.68	70.06

Competitive Comparison of Tuesday Morning's Cash Conversion Cycle

For the Discount Stores subindustry, Tuesday Morning'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.

Tuesday Morning's Cash Conversion Cycle Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tuesday Morning's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Tuesday Morning's Cash Conversion Cycle falls into.

Tuesday Morning 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.

Tuesday Morning's Cash Conversion Cycle for the fiscal year that ended in Jun. 2022 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	96.01	-	28.37
	=	67.64

Tuesday Morning's Cash Conversion Cycle for the quarter that ended in Sep. 2022 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	104.66	-	34.6
	=	70.06

Tuesday Morning (OTCPK:TUEMQ) 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.

Tuesday Morning Cash Conversion Cycle Related Terms

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Tuesday Morning (Tuesday Morning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (OTCPK:TUEMQ) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

Executives

Osmium Partners, Llc	director, 10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Zhong John Zhang	director	6250 LBJ FWY, DALLAS TX 75240
Andrew Berger	director	84 ELM STREET, WESTFIELD NJ 07090
Michael Onghai	director	122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
James Harris	director	10 FARADAY, IRVINE CA 92618
Maya Burkenroad	director	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Sandip Patel	director	1010 N. FLORIDA AVE., TAMPA FL 33602
Clicks To Bricks, Llc	10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVE, SUITE 700, MIAMI BEACH FL 33139
Tm21, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Ayon Capital, L.l.c.	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Tascr Ventures, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 NORTH FLORIDA AVENUE, TAMPA FL 33602
Alexander Mehr	director, 10 percent owner, other: Member of 10% owner group	C/O ZOOSK, INC., 989 MARKET STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103
Retail Ecommerce Ventures Llc	director, 10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVENUE, SUITE 700, MIAMI BEACH FL 33139
Tai Lopez	director, 10 percent owner, other: Member of 10% owner group	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Marcelo Podesta	director	6250 LBJ FREEWAY, DALLAS TX 75240