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Snail (SNAL) Cash Conversion Cycle : -106.23 (As of Sep. 2024)


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What is Snail Cash Conversion Cycle?

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

Snail's Days Sales Outstanding for the three months ended in Sep. 2024 was 30.41.
Snail's Days Inventory for the three months ended in Sep. 2024 was 0.
Snail's Days Payable for the three months ended in Sep. 2024 was 136.64.
Therefore, Snail's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2024 was -106.23.


Snail Cash Conversion Cycle Historical Data

The historical data trend for Snail'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.

Snail Cash Conversion Cycle Chart

Snail Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
- -120.78 -51.83 -39.81 -114.38

Snail Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -79.70 -93.44 -121.66 -125.87 -106.23

Competitive Comparison of Snail's Cash Conversion Cycle

For the Electronic Gaming & Multimedia subindustry, Snail'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.


Snail's Cash Conversion Cycle Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Snail's Cash Conversion Cycle distribution charts can be found below:

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



Snail 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.

Snail'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
=129.56+0-243.94
=-114.38

Snail's Cash Conversion Cycle for the quarter that ended in Sep. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=30.41+0-136.64
=-106.23

* 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.


Snail  (NAS:SNAL) 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.


Snail Cash Conversion Cycle Related Terms

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


Snail Business Description

Traded in Other Exchanges
N/A
Address
12049 Jefferson Boulevard, Culver City, CA, USA, 90230
Snail Inc is a global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PC's, and mobile devices. The geographic presence of the company is in the United States and the International market, where the majority of its revenue comes from the United States.
Executives
Heidy Kingwan Chow officer: Chief Financial Officer 92 KESTREL, IRVINE CA 92618
Neil Foster director 320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Hai Shi director 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Jim S. Tsai officer: Chief Executive Officer 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Sandra Pundmann director 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Peter Yung Kang officer: Chief Operating Officer 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Ying Zhou director 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Xiaoming Ye 10 percent owner ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Qianrong Capital Ltd 10 percent owner ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Suzhou Ding Rong Investment Management Ltd 10 percent owner ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Hua Yuan International Ltd 10 percent owner ROOM 8201, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG K3 999077
Ancient Jade (east) Holdings Ltd 10 percent owner FLOOR 12 - TOWER D, NO.1 XUANWUMENWAI ST, XICHENG DISTRICT, BEIJING F4 100000