CONSOL Coal Resources LP (CONSOL Coal Resources LP) Cash Conversion Cycle : 29.45 (As of Sep. 2020)

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What is CONSOL Coal Resources LP Cash Conversion Cycle?

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

CONSOL Coal Resources LP's Days Sales Outstanding for the three months ended in Sep. 2020 was 42.88.
CONSOL Coal Resources LP's Days Inventory for the three months ended in Sep. 2020 was 25.19.
CONSOL Coal Resources LP's Days Payable for the three months ended in Sep. 2020 was 38.62.
Therefore, CONSOL Coal Resources LP's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2020 was 29.45.

CONSOL Coal Resources LP Cash Conversion Cycle Historical Data

The historical data trend for CONSOL Coal Resources LP'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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CONSOL Coal Resources LP Cash Conversion Cycle Chart

CONSOL Coal Resources LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash Conversion Cycle

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10.73

13.88

17.84

8.68

10.62

CONSOL Coal Resources LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash Conversion Cycle	Get a 7-Day Free Trial															12.98	17.12	27.10	69.31	29.45

Competitive Comparison of CONSOL Coal Resources LP's Cash Conversion Cycle

For the Thermal Coal subindustry, CONSOL Coal Resources LP'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.

CONSOL Coal Resources LP's Cash Conversion Cycle Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, CONSOL Coal Resources LP's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where CONSOL Coal Resources LP's Cash Conversion Cycle falls into.

CONSOL Coal Resources LP 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.

CONSOL Coal Resources LP's Cash Conversion Cycle for the fiscal year that ended in Dec. 2019 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	30.49	+	16.16	-	36.03
	=	10.62

CONSOL Coal Resources LP's Cash Conversion Cycle for the quarter that ended in Sep. 2020 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	42.88	+	25.19	-	38.62
	=	29.45

CONSOL Coal Resources LP (NYSE:CCR) 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.

CONSOL Coal Resources LP Cash Conversion Cycle Related Terms

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CONSOL Coal Resources LP (CONSOL Coal Resources LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CONSOL Coal Resources LP (NYSE:CCR) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 CONSOL Energy Drive, Suite 100, CNX Center, Canonsburg, PA, USA, 15317-6506

Website

http://www.ccrlp.com

CONSOL Coal Resources LP is engaged in the thermal coal operations in Pennsylvania. The company's assets include interests in CONSOL energy's Pennsylvania mining complex, which consists of approximately three underground mines (Bailey Mine, Enlow Fork Mine, and Harvey Mine) and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. All the operations of the group are conducted at a single mining complex located in the Northern Appalachian Basin in southwestern Pennsylvania.

Executives

Jeffrey L Wallace	director, other: SEE REMARKS	1000 CONSOL ENERGY DRIVE CANONSBURG PA 15317
Michael L Greenwood	director, other: SEE REMARKS
Dan D Sandman	director, other: SEE REMARKS
Miteshkumar Thakkar	officer: See Remarks	1000 CONSOL DRIVE, SUITE 100, CANONSBURG PA 15317
John Rothka	officer: Chief Accounting Officer	2970 HENDERSON AVENUE, WASHINGTON PA 15301
Consol Energy Inc.	director, 10 percent owner	1000 CONSOL ENERGY DRIVE SUITE #100 CANONSBURG PA 15317
Greenlight Capital Inc	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors, Lp	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors Gp, L.l.c.	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Capital Management, Lp	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
David Einhorn	10 percent owner, other: See Footnotes (1) - (11)	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Deborah J. Lackovic	director, other: SEE REMARKS	C/O CONSOL COAL RESOURCES LP 100 CONSOL ENERGY DRIVE, SUITE 100 CANONSBURG PA 15317
Kurt R. Salvatori	director, other: SEE REMARKS	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Martha A Wiegand	officer: SEE REMARKS	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
James A Brock	director, officer: SEE REMARKS	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317