IMC (International Market Centers) Cash Conversion Cycle: 62.86 (As of Dec. 2014)

What is International Market Centers Cash Conversion Cycle?

International Market Centers IMC Cash Conversion Cycle is 62.86 as of Dec. 2014.

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

International Market Centers's Days Sales Outstanding for the six months ended in Dec. 2014 was 62.86.
International Market Centers's Days Inventory for the six months ended in Dec. 2014 was 0.
International Market Centers's Days Payable for the six months ended in Dec. 2014 was 0.
Therefore, International Market Centers's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2014 was 62.86.

International Market Centers (NYSE:IMC) 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.

International Market Centers Cash Conversion Cycle Related Terms

International Market Centers Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for International Market Centers'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.

International Market Centers Cash Conversion Cycle Chart

International Market Centers Annual Data

Trend

Dec12

Dec13

Dec14

Cash Conversion Cycle

63.67

63.82

62.86

International Market Centers Semi-Annual Data
	Dec12	Dec13	Dec14
Cash Conversion Cycle	63.67	63.82	62.86

IMC vs HMG, AIII, WHLR: Cash Conversion Cycle Comparison

For the REIT - Retail subindustry, International Market Centers'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.

International Market Centers Cash Conversion Cycle vs REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where International Market Centers's Cash Conversion Cycle falls into.

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International Market Centers 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.

International Market Centers's Cash Conversion Cycle for the fiscal year that ended in Dec. 2014 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	62.86	+	0	-	0
	=	62.86

International Market Centers's Cash Conversion Cycle for the quarter that ended in Dec. 2014 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	62.86	+	0	-	0
	=	62.86

Frequently Asked Questions Learn more about Cash Conversion Cycle →

What does a Cash Conversion Cycle of 62.86 mean?

International Market Centers (IMC) has a Cash Conversion Cycle of 62.86 as of Dec. 2014. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on International Market Centers and its competitors.

Is International Market Centers' Cash Conversion Cycle too high?

International Market Centers' current Cash Conversion Cycle is 62.86.

How does International Market Centers' Cash Conversion Cycle compare to HMG and AIII?

International Market Centers' Cash Conversion Cycle of 62.86 can be compared against companies in the REITs industry. 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 REITs company?

A good Cash Conversion Cycle depends on the REITs industry context. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 International Market Centers and its competitors. International Market Centers's current Cash Conversion Cycle is 62.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is International Market Centers stock overvalued right now?

International Market Centers (IMC) has a current Cash Conversion Cycle of 62.86. The current Cash Conversion Cycle is 62.86. 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 International Market Centers (IMC), the current Cash Conversion Cycle is 62.86 as of Dec. 2014. 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.

International Market Centers Business Description

Industry Real Estate REITs

Comparable Companies HMG AIII WHLR PAZRF CDR SRRTF WSR UBA VSNDF PEI GTY LPMDF PPRQF RPT SGLMF BFS ADC CBL WPG KRG

Website http://www.imcenters.com

International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home dÃ©cor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home dÃ©cor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home dÃ©cor and gift products.