Canadian Overseas Petroleum's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 5.29.
Canadian Overseas Petroleum's Days Inventory for the
three
months ended in Sep. 2023 was 12.29.
Canadian Overseas Petroleum's Days Payable for the
three
months ended in Sep. 2023 was 328.42.
Therefore, Canadian Overseas Petroleum's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was -310.84.
Canadian Overseas Petroleum (OTCPK:VELXQ) 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.
Canadian Overseas Petroleum Cash Conversion Cycle Related Terms
Canadian Overseas Petroleum Cash Conversion Cycle Historical Data
* 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.
Canadian Overseas Petroleum Cash Conversion Cycle Chart
VELXQ vs COP, EOG, PXD: Cash Conversion Cycle Comparison
For the Oil & Gas E&P subindustry, Canadian Overseas Petroleum'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.
Canadian Overseas Petroleum Cash Conversion Cycle vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Overseas Petroleum's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Canadian Overseas Petroleum's Cash Conversion Cycle falls into.
Canadian Overseas Petroleum 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.
Canadian Overseas Petroleum's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 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.
What does a Cash Conversion Cycle of -310.84 mean?
Canadian Overseas Petroleum (VELXQ) has a Cash Conversion Cycle of -310.84 as of Sep. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Cash Conversion Cycle too high?
Canadian Overseas Petroleum's current Cash Conversion Cycle is -310.84.
How does Canadian Overseas Petroleum's Cash Conversion Cycle compare to COP and EOG?
Canadian Overseas Petroleum's Cash Conversion Cycle of -310.84 can be compared against companies in the Oil & Gas industry. The industry median Cash Conversion Cycle is 18.26. 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 an Oil & Gas company?
The median Cash Conversion Cycle among Oil & Gas companies is 18.26, based on 916 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. 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 Canadian Overseas Petroleum and its competitors. For the Oil & Gas industry, the median Cash Conversion Cycle is 18.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Overseas Petroleum's current Cash Conversion Cycle is -310.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Overseas Petroleum stock overvalued right now?
Canadian Overseas Petroleum (VELXQ) has a current Cash Conversion Cycle of -310.84. The current Cash Conversion Cycle is -310.84. 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 Canadian Overseas Petroleum (VELXQ), the current Cash Conversion Cycle is -310.84 as of Sep. 2023. 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.
Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.
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