Ascent Solar Technologies (Ascent Solar Technologies) Cash Conversion Cycle : -505.04 (As of Dec. 2023)

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What is Ascent Solar Technologies Cash Conversion Cycle?

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

Ascent Solar Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.
Ascent Solar Technologies's Days Inventory for the three months ended in Dec. 2023 was 686.28.
Ascent Solar Technologies's Days Payable for the three months ended in Dec. 2023 was 1191.32.
Therefore, Ascent Solar Technologies's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was -505.04.

Ascent Solar Technologies Cash Conversion Cycle Historical Data

The historical data trend for Ascent Solar Technologies'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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Ascent Solar Technologies Cash Conversion Cycle Chart

Ascent Solar Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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-943.61

-1,356.40

-7.76

4.89

-9.21

Ascent Solar Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial															398.89	30.95	12.56	-69.04	-505.04

Competitive Comparison of Ascent Solar Technologies's Cash Conversion Cycle

For the Solar subindustry, Ascent Solar Technologies'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.

Ascent Solar Technologies's Cash Conversion Cycle Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ascent Solar Technologies's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Ascent Solar Technologies's Cash Conversion Cycle falls into.

Ascent Solar Technologies 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.

Ascent Solar Technologies's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	1.59	+	102.44	-	113.24
	=	-9.21

Ascent Solar Technologies's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	686.28	-	1191.32
	=	-505.04

Ascent Solar Technologies (NAS:ASTI) 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.

Ascent Solar Technologies Cash Conversion Cycle Related Terms

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Ascent Solar Technologies (Ascent Solar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ascent Solar Technologies Inc (NAS:ASTI) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

12300 Grant Street, Thornton, CO, USA, 80241

Website

http://www.ascentsolar.com

Ascent Solar Technologies Inc is engaged in the manufacturing and selling of photovoltaic products (PV) solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. The company is integrating its PV products into scalable and high-value markets such as agrivoltaics, aerospace, satellites, near-earth orbiting vehicles, and fixed-wing unmanned aerial vehicles (UAV). Ascent is also working to expand its portable solar chargers, such as the XD-12. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies.

Executives

Reynolds T. Forrest	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Peterson David Theodore Jr	director	15332 ANTIOCH STREET, #434, PACIFIC PALISADES CA 90272
Paul P. Warley	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Louis C. Berezovsky	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Gregory C Thompson	director	1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328
Jin H. Jo	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Bobby Gulati	officer: Chief Operating Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Arion Agrophotovoltaic Private Ltd	10 percent owner	45, NORTH CANAL ROAD, #01-01 LEW BUILDING, . U0 059301
Bd1 Investment Holding, Llc	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901
Lucro Investments Vcc - Esg Opportunities Fund	10 percent owner	10 ANSON ROAD, #16-06 INTERNATIONAL PLAZA, SINGAPORE U0 079903
Jeffrey Max	officer: Chief Executive Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Michael J. French	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Felix T. Mantke	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Ag Tubesolar	10 percent owner	BERLINER ALLEE 65, AUGSBURG 2M 86153
Johannes Kuhn	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901