GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Puma SE (WBO:PUM) » Definitions » Cash Conversion Cycle

Puma SE (WBO:PUM) Cash Conversion Cycle : 88.89 (As of Sep. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Puma SE Cash Conversion Cycle?

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

Puma SE's Days Sales Outstanding for the three months ended in Sep. 2024 was 57.53.
Puma SE's Days Inventory for the three months ended in Sep. 2024 was 143.11.
Puma SE's Days Payable for the three months ended in Sep. 2024 was 111.75.
Therefore, Puma SE's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2024 was 88.89.


Puma SE Cash Conversion Cycle Historical Data

The historical data trend for Puma SE'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.

Puma SE Cash Conversion Cycle Chart

Puma SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.52 73.40 64.41 73.13 78.30

Puma SE 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 105.13 100.34 91.11 96.39 88.89

Competitive Comparison of Puma SE's Cash Conversion Cycle

For the Footwear & Accessories subindustry, Puma SE'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.


Puma SE's Cash Conversion Cycle Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's Cash Conversion Cycle distribution charts can be found below:

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



Puma SE 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.

Puma SE'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
=46.32+159.89-127.91
=78.30

Puma SE'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
=57.53+143.11-111.75
=88.89

* 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.


Puma SE  (WBO:PUM) 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.


Puma SE Cash Conversion Cycle Related Terms

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


Puma SE Business Description

Address
Puma Way 1, Herzogenaurach, BY, DEU, 91074
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (53% of 2023 sales) is its largest category, followed by apparel (32%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (75% in 2023) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (40% of 2023 sales), the Americas (39%), and Asia-Pacific (21%).

Puma SE Headlines

No Headlines