US Concrete (US Concrete) Cash Conversion Cycle : 43.17 (As of Jun. 2021)

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What is US Concrete Cash Conversion Cycle?

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

US Concrete's Days Sales Outstanding for the three months ended in Jun. 2021 was 53.41.
US Concrete's Days Inventory for the three months ended in Jun. 2021 was 26.33.
US Concrete's Days Payable for the three months ended in Jun. 2021 was 36.57.
Therefore, US Concrete's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2021 was 43.17.

US Concrete Cash Conversion Cycle Historical Data

The historical data trend for US Concrete'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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US Concrete Cash Conversion Cycle Chart

US Concrete Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash Conversion Cycle

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36.89

33.79

31.78

33.38

36.55

US Concrete Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash Conversion Cycle	Get a 7-Day Free Trial															35.84	32.35	38.86	45.09	43.17

Competitive Comparison of US Concrete's Cash Conversion Cycle

For the Building Materials subindustry, US Concrete'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.

US Concrete's Cash Conversion Cycle Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, US Concrete's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where US Concrete's Cash Conversion Cycle falls into.

US Concrete 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.

US Concrete's Cash Conversion Cycle for the fiscal year that ended in Dec. 2020 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	59.55	+	22.04	-	45.04
	=	36.55

US Concrete's Cash Conversion Cycle for the quarter that ended in Jun. 2021 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	53.41	+	26.33	-	36.57
	=	43.17

US Concrete (NAS:USCR) 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.

US Concrete Cash Conversion Cycle Related Terms

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US Concrete (US Concrete) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » US Concrete Inc (NAS:USCR) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

331 North Main Street, Euless, TX, USA, 76039

Website

https://www.us-concrete.com

U.S. Concrete sells ready-mixed concrete in several major markets in the United States, primarily in Texas, northern California, and the New York metro area. While U.S. Concrete also produces aggregates in some of its markets and has made more acquisitions in this area in recent years, the company primarily uses its aggregates production internally for its ready-mixed concrete operations. During 2020, U.S. Concrete sold approximately 8.2 million cubic yards of ready-mixed concrete and approximately 12.6 million tons of aggregates.

Executives

Sutherland Colin Mcgill	director	55 ROSE PARK DRIVE TORONTO A6 M4T 1R2
Herbert A. Burton	officer: Regional VP & GM - West	C/O U.S. CONCRETE, INC. 331 N. MAIN ST. EULESS X1 76039
Jeffrey W Roberts	officer: Regional VP & GM - Central	331 N. MAIN ST. EULESS TX 76039
William J Sandbrook	director	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
John E Kunz	officer: SVP & Chief Financial Officer	522 N. MACEWEN DRIVE, OSPREY FL 34229
Rajan Penkar	director	C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Michael D Lundin	director	C/O U.S. CONCRETE, INC. 331 N. MAIN STREET EULESS TX 76039
Kurt Matthew Cellar	director	71 ROTON AVENUE, NORWALK CT 06853
Theodore P Rossi	director	C/O U.S. CONCRETE, INC. 331 N. MAIN STREET EULESS TX 76039
Susan M. Ball	director	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Gibson T Dawson	officer: VP, Corporate Controller & CAO	C/O U.S. CONCRETE, INC., 331 NORTH MAIN STREET, EULESS TX 76039
Philip Daren Lesley	officer: VP - USC Aggregates	331 NORTH MAIN STREET EULESS TX 76039
Scott Dryden	officer: VP & GM - Polaris Materials	C/O U.S. CONCRETE, INC. 331 N. MAIN ST. EULESS TX 76039
Mark Baker Peabody	officer: VP - Human Resources	331 N. MAIN STREET EULESS TX 76039
Ronnie A Pruitt	officer: President & COO	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039