FelCor Lodging Trust (FelCor Lodging Trust) Cash Conversion Cycle : 17.57 (As of Jun. 2017)

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What is FelCor Lodging Trust Cash Conversion Cycle?

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

FelCor Lodging Trust's Days Sales Outstanding for the three months ended in Jun. 2017 was 17.57.
FelCor Lodging Trust's Days Inventory for the three months ended in Jun. 2017 was 0.
FelCor Lodging Trust's Days Payable for the three months ended in Jun. 2017 was 0.
Therefore, FelCor Lodging Trust's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2017 was 17.57.

FelCor Lodging Trust Cash Conversion Cycle Historical Data

The historical data trend for FelCor Lodging Trust'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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FelCor Lodging Trust Cash Conversion Cycle Chart

FelCor Lodging Trust Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash Conversion Cycle

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11.12

12.49

12.59

11.52

14.78

FelCor Lodging Trust Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Cash Conversion Cycle	Get a 7-Day Free Trial															14.09	17.47	20.68	20.15	17.57

Competitive Comparison of FelCor Lodging Trust's Cash Conversion Cycle

For the REIT - Hotel & Motel subindustry, FelCor Lodging Trust'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.

FelCor Lodging Trust's Cash Conversion Cycle Distribution in the REITs Industry

For the REITs industry and Real Estate sector, FelCor Lodging Trust's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where FelCor Lodging Trust's Cash Conversion Cycle falls into.

FelCor Lodging Trust 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.

FelCor Lodging Trust's Cash Conversion Cycle for the fiscal year that ended in Dec. 2016 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	14.78	+	0	-	0
	=	14.78

FelCor Lodging Trust's Cash Conversion Cycle for the quarter that ended in Jun. 2017 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	17.57	+	0	-	0
	=	17.57

FelCor Lodging Trust (NYSE:FCHPRA.PFD) 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.

FelCor Lodging Trust Cash Conversion Cycle Related Terms

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FelCor Lodging Trust (FelCor Lodging Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » FelCor Lodging Trust Inc (NYSE:FCHPRA.PFD) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.felcor.com

FelCor Lodging Trust Inc. is a U.S.-based real estate investment trust that invests in upper-upscale, upscale, upper-midscale and independent hotel resort markets located in the U.S. and Canada. Through its subsidiary, FelCor Lodging Limited Partnership, or FelCor LP, the company holds ownership interests in the hotels in its portfolio. The firm operates through a single segment because of the similar economic characteristics of its hotels. The majority of the company's revenue is derived from its California properties. The firm's revenue streams include Room, Food and beverage, and Other operating departments revenue. Room comprises the majority of total revenue. FelCor's hotels operate under major brands, including Hilton, Marriott, Renaissance, Sheraton, Westin, and Holiday Inn.

Executives

Steven R Goldman	director	777 WESTCHESTER AVENUE, C/O STARWOOD HOTELS & RESORTS WORLDWIDE, WHITEPLAIN NY 10604
Michael C. Hughes	officer: EVP, Chief Financial Officer	545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Jeffrey D Symes	officer: SVP, Chief Accounting Officer	545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Christopher J Hartung	director	545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Glenn A Carlin	director	545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Mark D Rozells	director	545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Patricia L Gibson	director	545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Dana Hamilton	director	C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112
C Brian Strickland	director	420 SOUTH ORANGE AVE, ORLANDO FL 32801
Thomas C Hendrick	director	18716 WAINSBOROUGH LANE, DALLAS TX 75287
Robert F Cotter	director	C/O FELCOR LODGING TRUST INCORPORATED, 545 E. JOHN CARPENTER FREEWAY, #1300, IRVING TX 75062
Jonathan H Yellen	officer: Executive VP & Secretary	COMMONWEALTH HALL AT OLD PARKLAND, 3899 MAPLE AVENUE, SUITE 410, DALLAS TX 75219
Troy A Pentecost	officer: Executive Vice President	545 EAST JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
David C Kloeppel	director	C/O AMERICAN ADDICTION CENTERS, INC., 115 EAST PARK DRIVE, SECOND FLOOR, BRENTWOOD TN 37027
Richard Allen Smith	officer: CFO & Executive Vice President	1950 STEMMONS FREEWAY STE 6001, DALLAS TX 75207