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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Ascent Industries Co's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 56.64.
Ascent Industries Co's Days Inventory for the
three
months ended in Mar. 2024 was 113.57.
Ascent Industries Co's Days Payable for the
three
months ended in Mar. 2024 was 40.56.
Therefore, Ascent Industries Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was 129.65.
The historical data trend for Ascent Industries Co'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.
Ascent Industries Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 156.05 | 156.46 | 133.48 | 161.91 | 141.68 |
Ascent Industries Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 175.53 | 161.67 | 154.84 | 480.63 | 129.65 |
For the Steel subindustry, Ascent Industries Co'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.
For the Steel industry and Basic Materials sector, Ascent Industries Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Ascent Industries Co'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.
Ascent Industries Co'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 |
= | 56.5 | + | 114.25 | - | 29.07 | |
= | 141.68 |
Ascent Industries Co's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 56.64 | + | 113.57 | - | 40.56 | |
= | 129.65 |
* 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.
Ascent Industries Co (NAS:ACNT) 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.
Thank you for viewing the detailed overview of Ascent Industries Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Zuppo John Robert Iii | other: Exec VP - Synalloy Chemicals | 6095 OLD BRICK STORE RD, GREENSBORO NC 27455 |
William Steckel | officer: Chief Financial Officer | 2972 STENDER WAY, SANTA CLARA CA 95054 |
Benjamin L Rosenzweig | director | 50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342 |
Mazzaferro Aldo John Jr | director | 15 MIDWOOD ROAD, STONY BROOK NY 11790 |
Christopher Gerald Hutter | director | 1400 16TH STREET, SUITE 250, OAK BROOK IL 60523 |
Privet Fund Lp | 10 percent owner, other: See Explanation of Responses | 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305 |
Henry L Guy | director | 89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901 |
Aaron M Tam | officer: Chief Financial Officer | 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060 |
John Schauerman | director | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
Tackett Glenn Douglas Jr | officer: Chief Legal Officer | 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060 |
David James Kuzy | other: EVP - Synalloy Chemicals | 639 S. MAIN STREET, NAPERVILLE IL 60540 |
Timothy J Lynch | other: Exec VP - Synalloy Metals | 13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507 |
Sarah M Cunningham | officer: VP Corporate Adinistration | 14519 AUGUSTA LANE, ASHLAND X1 23005 |
Maria Haughton Roberson | other: President, ASTI | 129 HONEYCUTT ROAD, TROUTMAN NC 28166 |
Anthony A Callander | director | PO BOX 5627, SPARTANBURG SC 29304 |
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