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Nocopi Technologies (Nocopi Technologies) Cash Conversion Cycle : 387.00 (As of Mar. 2024)


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What is Nocopi Technologies Cash Conversion Cycle?

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

Nocopi Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 241.08.
Nocopi Technologies's Days Inventory for the three months ended in Mar. 2024 was 160.87.
Nocopi Technologies's Days Payable for the three months ended in Mar. 2024 was 14.95.
Therefore, Nocopi Technologies's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 387.00.


Nocopi Technologies Cash Conversion Cycle Historical Data

The historical data trend for Nocopi Technologies'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.

Nocopi Technologies Cash Conversion Cycle Chart

Nocopi Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 182.52 246.15 393.05 284.42 345.01

Nocopi Technologies 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 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 300.22 325.15 301.10 553.84 387.00

Competitive Comparison of Nocopi Technologies's Cash Conversion Cycle

For the Specialty Chemicals subindustry, Nocopi Technologies'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.


Nocopi Technologies's Cash Conversion Cycle Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nocopi Technologies's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Nocopi Technologies's Cash Conversion Cycle falls into.



Nocopi Technologies 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.

Nocopi Technologies'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
=194.85+173.58-23.42
=345.01

Nocopi Technologies'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
=241.08+160.87-14.95
=387.00

* 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.


Nocopi Technologies  (OTCPK:NNUP) 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.


Nocopi Technologies Cash Conversion Cycle Related Terms

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Nocopi Technologies (Nocopi Technologies) Business Description

Traded in Other Exchanges
N/A
Address
480 Shoemaker Road, Suite 104, King of Prussia, PA, USA, 19406
Nocopi Technologies Inc develops and markets specialty reactive inks. Its main business activities are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the entertainment and toy and the document and product authentication markets in the United States and foreign countries. Its primary geographic markets are North America, South America, Europe, Asia, and Australia. Geographically, the company receives maximum revenue from Asia.
Executives
Frost Gamma Investments Trust 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137
Frost Phillip Md Et Al 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Matthew C. Winger director, officer: EVP - Corporate Development 4400 BISCAYNE BLVD, MIAMI FL 33137
Jacqueline Joy Goldman director 6000 SAN JOSE BLVD., UNIT 705, JACKSONVILLE FL 32217
Michael Liebowitz 10 percent owner 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Debra Elyse Glickman officer: Chief Financial Officer 21 BARSTOW ROAD, APT. 6L, GREAT NECK NY 11021
Joseph S Steinberg 10 percent owner C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Howard Timothy Eriksen 10 percent owner 567 WILDROSE CIRCLE, LYNDEN WA 98264
Joseph Kevin Raymond director 480 SHOEMAKER RD., KING OF PRUSSIA PA 19406
Michael Feinstein director, officer: Chairman and CEO
Philip White director 13519 MADISON AVENUE, OCEAN CITY MD 21842
Marc Rash director C/O NOCOPI TECHNOLOGIES, INC., 480 SHOEMAKER ROAD, STE 104, KING OF PRUSSIA PA 19406
Terry Stovold officer: Chief Operating Officer C/O NOCOPI TECHNOLOGIES, INC., 480 SHOEMAKER ROAD, STE 104, KING OF PRUSSIA PA 19406
William Ward Carey director 12 FIELDVIEW LANE, EAST HAMPTON NY 11937
Curtis William Patrick Jr director 225 STATE ROAD, MEDIA PA 19063

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