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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Lightwave Logic's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 132.31.
Lightwave Logic's Days Inventory for the
three
months ended in Mar. 2024 was 0.
Lightwave Logic's Days Payable for the
three
months ended in Mar. 2024 was 26088.38.
Therefore, Lightwave Logic's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was -25,956.07.
The historical data trend for Lightwave Logic'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.
Lightwave Logic Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | - | - | - | - | -161,123.76 |
Lightwave Logic Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | - | - | - | 66.77 | -25,956.07 |
For the Specialty Chemicals subindustry, Lightwave Logic'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.
For the Chemicals industry and Basic Materials sector, Lightwave Logic's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Lightwave Logic's Cash Conversion Cycle falls into.
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.
Lightwave Logic'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 |
= | 267.07 | + | 0 | - | 161390.83 | |
= | -161,123.76 |
Lightwave Logic's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 132.31 | + | 0 | - | 26088.38 | |
= | -25,956.07 |
* 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.
Lightwave Logic (NAS:LWLG) 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.
Thank you for viewing the detailed overview of Lightwave Logic's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick J Leonberger | director | C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409 |
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Louis Charles Glasgow | officer: Chief Technology Officer | 1693 YARDLEY DRIVE, WEST CHESTER PA 19380 |
Joseph A Miller | director | ONE RIVERFRONT PLZ, CORNING NY 14831 |
Goetz Frederick J Jr | director, 10 percent owner, officer: President | 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713 |
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James S. Marcelli | director, officer: Chief Executive Officer | 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501 |
Ross W. Fasick | director | 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713 |
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