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MYE (Myers Industries) Cash Conversion Cycle : 69.06 (As of Dec. 2024)


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What is Myers Industries Cash Conversion Cycle?

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

Myers Industries's Days Sales Outstanding for the three months ended in Dec. 2024 was 51.94.
Myers Industries's Days Inventory for the three months ended in Dec. 2024 was 66.83.
Myers Industries's Days Payable for the three months ended in Dec. 2024 was 49.71.
Therefore, Myers Industries's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2024 was 69.06.


Myers Industries Cash Conversion Cycle Historical Data

The historical data trend for Myers Industries'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.

Myers Industries Cash Conversion Cycle Chart

Myers Industries Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.37 49.70 55.42 64.30 60.91

Myers Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 64.51 65.12 65.34 68.74 69.06

Competitive Comparison of Myers Industries's Cash Conversion Cycle

For the Packaging & Containers subindustry, Myers Industries'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.


Myers Industries's Cash Conversion Cycle Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Myers Industries's Cash Conversion Cycle falls into.



Myers Industries 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.

Myers Industries's Cash Conversion Cycle for the fiscal year that ended in Dec. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=48.73+60.62-48.44
=60.91

Myers Industries's Cash Conversion Cycle for the quarter that ended in Dec. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=51.94+66.83-49.71
=69.06

* 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.


Myers Industries  (NYSE:MYE) 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.


Myers Industries Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Myers Industries's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


Myers Industries Business Description

Traded in Other Exchanges
Address
1293 South Main Street, Akron, OH, USA, 44301
Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment manufactures a selection of durable plastic reusable products that are used repeatedly during the course of their service life. The Distribution segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive under-vehicle repair, etc. It generates the majority of its revenue from the Material Handling segment.
Executives
Lori A. Lutey director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
William A Foley director P O BOX 10060, TOLEDO OH 436990060
Liebau Frederic Jack Jr director P.O. BOX 2200, PASADENA CA 91102-2200
Yvette Dapremont Bright director 739 WESTVIEW STREET, PHILADELPHIA PA 19119
Jeffrey Kramer director C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Michael P. Mcgaugh director, officer: President and CEO 1293 SOUTH MAIN STREET, AKRON OH 44301
Fitz E Grant officer: EVP & CFO C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Monica P. Vinay officer: Interim CFO, VP and Treasurer 1293 SOUTH MAIN STREET, AKRON OH 44301
Ronald M Defeo director 600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219
Jeffrey Jon Baker officer: VP, Shared Services 1293 SOUTH MAIN STREET, AKRON OH 44301
Paul Allan Johnson officer: VP, Distribution Segment 1293 SOUTH MAIN STREET, AKRON OH 44301
Jim Gurnee officer: VP Sales/Marketing/Commercial 1293 S MAIN ST, AKRON OH 44301
Sarah R Coffin director 31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277
Sonal P. Robinson officer: EVP, Finance 1293 SOUTH MAIN STREET, AKRON OH 44301