Travelport Worldwide (Travelport Worldwide) Cash Conversion Cycle : 15.90 (As of Mar. 2019)

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What is Travelport Worldwide Cash Conversion Cycle?

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

Travelport Worldwide's Days Sales Outstanding for the three months ended in Mar. 2019 was 32.63.
Travelport Worldwide's Days Inventory for the three months ended in Mar. 2019 was 0.
Travelport Worldwide's Days Payable for the three months ended in Mar. 2019 was 16.73.
Therefore, Travelport Worldwide's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2019 was 15.90.

Travelport Worldwide Cash Conversion Cycle Historical Data

The historical data trend for Travelport Worldwide'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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Travelport Worldwide Cash Conversion Cycle Chart

Travelport Worldwide Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash Conversion Cycle

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10.68

11.97

15.87

15.61

14.21

Travelport Worldwide Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Cash Conversion Cycle	Get a 7-Day Free Trial															15.70	19.76	20.24	18.77	15.90

Competitive Comparison of Travelport Worldwide's Cash Conversion Cycle

For the Leisure subindustry, Travelport Worldwide'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.

Travelport Worldwide's Cash Conversion Cycle Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travelport Worldwide's Cash Conversion Cycle distribution charts can be found below:

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

Travelport Worldwide 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.

Travelport Worldwide's Cash Conversion Cycle for the fiscal year that ended in Dec. 2018 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	29.79	+	0	-	15.58
	=	14.21

Travelport Worldwide's Cash Conversion Cycle for the quarter that ended in Mar. 2019 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	32.63	+	0	-	16.73
	=	15.90

Travelport Worldwide (NYSE:TVPT) 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.

Travelport Worldwide Cash Conversion Cycle Related Terms

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

Travelport Worldwide (Travelport Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travelport Worldwide Ltd (NYSE:TVPT) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Axis One, Axis Park, Langley, Berkshire, GBR, SL3 8AG

Website

http://www.travelport.com

Travelport is a global distribution system operator. Travel suppliers place content on the GDS platform, which is then used by traditional travel agents, travel management, and online travel agencies to book travel. Travelport, Sabre, and Amadeus combine for 98% share of the GDS market. International markets made up 74% of revenue in 2017 with U.S. markets representing the other 26%. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits.

Executives

Elizabeth Buse	director	P.O. BOX 8999, C/O VISA INC., SAN FRANCISCO CA 94128-8999
Matthew Minetola	officer: See Remarks	300 GALLERIA PARKWAY, NW ATLANTA GA 30339
Scott E Forbes	director	C/O CARS.COM INC.,300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Michael J Durham	director	3416 CARUTH BOULEVARD, DALLAS TX 75225
Douglas A Hacker	director	P O BOX 66100-WHQLD, CHICAGO IL 60666
Douglas M Steenland	director	2700 LONE OAK PARKWAY, EAGAN MN 55121
Kurt Joseph Ekert	officer: See Remarks	MORRIS CORPORATE CENTER III, 400 INTERPACE PKWY, BLDG A, PARSIPPANY NJ 07054
Blackstone Capital Partners (cayman) V-a, L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
John M Angelo	10 percent owner	C/O ANGELO GORDON & CO, 245 PARK AVE 26TH FL, NEW YORK NY 10167
Michael L Gordon	10 percent owner	C/O ANGELO GORDON & CO, 245 PARK AVE 26TH FL, NEW YORK NY 10167
Angelo Gordon & Co Lp/ny	10 percent owner	245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Bcp V Gp L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Family Investment Partnership (cayman) V-smd L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bcp V Co-investors (cayman) L.p.	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Participation Partnership (cayman) V L.p.	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154