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SURG (Surgepays) Cash Conversion Cycle : 58.02 (As of Sep. 2024)


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What is Surgepays Cash Conversion Cycle?

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

Surgepays's Days Sales Outstanding for the three months ended in Sep. 2024 was 27.99.
Surgepays's Days Inventory for the three months ended in Sep. 2024 was 60.56.
Surgepays's Days Payable for the three months ended in Sep. 2024 was 30.53.
Therefore, Surgepays's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2024 was 58.02.


Surgepays Cash Conversion Cycle Historical Data

The historical data trend for Surgepays'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.

Surgepays Cash Conversion Cycle Chart

Surgepays Annual Data
Trend Apr14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40.52 -20.48 -34.28 21.73 39.37

Surgepays Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.23 44.36 31.51 38.75 58.02

Competitive Comparison of Surgepays's Cash Conversion Cycle

For the Software - Application subindustry, Surgepays'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.


Surgepays's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Surgepays's Cash Conversion Cycle distribution charts can be found below:

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



Surgepays 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.

Surgepays'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
=24.97+36.38-21.98
=39.37

Surgepays'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
=27.99+60.56-30.53
=58.02

* 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.


Surgepays  (NAS:SURG) 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.


Surgepays Cash Conversion Cycle Related Terms

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


Surgepays Business Description

Traded in Other Exchanges
Address
3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.
Executives
Kevin Brian Cox director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER 3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Anthony Geogre Evers officer: Chief Financial Officer 701 ASHTON LANE, SOUTH ELGIN IL 60177
Laurie Weisberg director C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld director 1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott officer: CHIEF TECHNOLOGY OFFICER 890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May director 12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr director, officer: President and COO 3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
David N Keys director 3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani director 1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii director PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren director, 10 percent owner, officer: PRESIDENT, CEO & CFO 1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara director 339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey director, officer: CEO and President 7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin director, 10 percent owner, officer: President, CEO and CFO PO BOX 158, LIONS BAY A1 VON 2E0