Third Bench's Days Sales Outstanding for the
three
months ended in May. 2024 was 45.6.
Third Bench's Days Inventory for the
three
months ended in May. 2024 was 63.75.
Third Bench's Days Payable for the
three
months ended in May. 2024 was 97.91.
Therefore, Third Bench's Cash Conversion Cycle (CCC) for the
three
months ended in May. 2024 was 11.44.
Third Bench (OTCPK:THBD) 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.
Third Bench Cash Conversion Cycle Related Terms
Third Bench Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Third Bench'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.
THBD vs SGI, SN, MHK: Cash Conversion Cycle Comparison
For the Furnishings, Fixtures & Appliances subindustry, Third Bench'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.
Third Bench Cash Conversion Cycle vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Third Bench's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Third Bench's Cash Conversion Cycle falls into.
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.
Third Bench's Cash Conversion Cycle for the fiscal year that ended in Aug. 2015 is calculated as
* 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.
Third Bench (THBD) has a Cash Conversion Cycle of 11.44 as of May. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Third Bench and its competitors.
Is Third Bench's Cash Conversion Cycle too high?
Third Bench's current Cash Conversion Cycle is 11.44. The Furnishings, Fixtures & Appliances industry median Cash Conversion Cycle is 84.83. Third Bench's value of 11.44 is 86.5% below this industry median.
How does Third Bench's Cash Conversion Cycle compare to SGI and SN?
Third Bench's Cash Conversion Cycle of 11.44 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Cash Conversion Cycle is 84.83. Third Bench's value of 11.44 is 86.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Furnishings, Fixtures & Appliances company?
The median Cash Conversion Cycle among Furnishings, Fixtures & Appliances companies is 84.83, based on 434 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Third Bench's current Cash Conversion Cycle of 11.44 is 86.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Third Bench and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cash Conversion Cycle is 84.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Third Bench's current Cash Conversion Cycle is 11.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Third Bench stock overvalued right now?
Third Bench (THBD) has a current Cash Conversion Cycle of 11.44. The current Cash Conversion Cycle is 11.44 and 86.5% below the Furnishings, Fixtures & Appliances industry median of 84.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Third Bench (THBD), the current Cash Conversion Cycle is 11.44 as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Third Bench Inc is a holding company. The company, along with its subsidiaries, offers products in categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. It also provides installation services as a part of its vertical offering. Additionally, the company provides its products and services through its architectural millwork and retail facilities, located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona.
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