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Commerce Energy Group (Commerce Energy Group) Cash Conversion Cycle : 0.00 (As of Apr. 2009)


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What is Commerce Energy Group Cash Conversion Cycle?

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

Commerce Energy Group's Days Sales Outstanding for the three months ended in Apr. 2009 was 0.
Commerce Energy Group's Days Inventory for the three months ended in Apr. 2009 was 0.
Commerce Energy Group's Days Payable for the three months ended in Apr. 2009 was 0.
Therefore, Commerce Energy Group's Cash Conversion Cycle (CCC) for the three months ended in Apr. 2009 was 0.00.


Commerce Energy Group Cash Conversion Cycle Historical Data

The historical data trend for Commerce Energy Group'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.

* Premium members only.

Commerce Energy Group Cash Conversion Cycle Chart

Commerce Energy Group Annual Data
Trend Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Jul07 Jul08
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only 6.78 4.32 6.95 21.98 64.77

Commerce Energy Group Quarterly Data
Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.77 26.15 84.21 - -

Competitive Comparison of Commerce Energy Group's Cash Conversion Cycle

For the Utilities - Diversified subindustry, Commerce Energy Group'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.


Commerce Energy Group's Cash Conversion Cycle Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Commerce Energy Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Commerce Energy Group's Cash Conversion Cycle falls into.



Commerce Energy Group 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.

Commerce Energy Group's Cash Conversion Cycle for the fiscal year that ended in Jul. 2008 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=58.6+6.17-0
=64.77

Commerce Energy Group's Cash Conversion Cycle for the quarter that ended in Apr. 2009 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+0-0
=0.00

* 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.


Commerce Energy Group  (OTCPK:CMNR) 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.


Commerce Energy Group Cash Conversion Cycle Related Terms

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Commerce Energy Group (Commerce Energy Group) Business Description

Traded in Other Exchanges
N/A
Address
600 Anton Boulevard, Suite 2000, Costa Mesa, CA, USA, 92626
Commerce Energy Group Inc provides electricity and natural gas supply to residential and commercial customers across North America.
Executives
C Douglas Mitchell officer: Chief Financial Officer 600 WILSHIRE BOULEVARD, SUITE 1500, LOS ANGELES CA 90017
Spectrum Galaxy Fund Ltd. 10 percent owner 50 CALIFORNIA STREET, SUITE 1500, SAN FRANCISCO CA 94111
Daniel Zeff 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Capital Partners I, L.p. 10 percent owner C/O ZEFF HOLDING COMPANY, LLC, 50 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Zeff Holding Company, Llc 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020

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