Altitude International Holdings (OTCPK:ALTD) 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.
Altitude International Holdings Cash Conversion Cycle Related Terms
Altitude International Holdings Cash Conversion Cycle Historical Data
* 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.
Altitude International Holdings Cash Conversion Cycle Chart
ALTD vs CNXA, BTDG, MAT: Cash Conversion Cycle Comparison
For the Leisure subindustry, Altitude International Holdings'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.
Altitude International Holdings Cash Conversion Cycle vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Altitude International Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Altitude International Holdings's Cash Conversion Cycle falls into.
Altitude International Holdings 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.
* 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.
Altitude International Holdings (ALTD) has a Cash Conversion Cycle of 20.61 as of Dec. 2022. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Altitude International Holdings and its competitors.
Is Altitude International Holdings' Cash Conversion Cycle too high?
Altitude International Holdings' current Cash Conversion Cycle is 20.61. The Travel & Leisure industry median Cash Conversion Cycle is 10.23. Altitude International Holdings' value of 20.61 is 101.5% above this industry median.
How does Altitude International Holdings' Cash Conversion Cycle compare to CNXA and BTDG?
Altitude International Holdings' Cash Conversion Cycle of 20.61 can be compared against companies in the Travel & Leisure industry. The industry median Cash Conversion Cycle is 10.23. Altitude International Holdings' value of 20.61 is 101.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Travel & Leisure company?
The median Cash Conversion Cycle among Travel & Leisure companies is 10.23, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altitude International Holdings's current Cash Conversion Cycle of 20.61 is 101.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Altitude International Holdings and its competitors. For the Travel & Leisure industry, the median Cash Conversion Cycle is 10.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altitude International Holdings's current Cash Conversion Cycle is 20.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altitude International Holdings stock overvalued right now?
Altitude International Holdings (ALTD) has a current Cash Conversion Cycle of 20.61. The current Cash Conversion Cycle is 20.61 and 101.5% above the Travel & Leisure industry median of 10.23. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Altitude International Holdings (ALTD), the current Cash Conversion Cycle is 20.61 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Altitude International Holdings Business Description
Altitude International Holdings Inc is a vertically integrated high-performance sports, education, and technology company. It owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators.
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