Eagle Bulk Shipping (Eagle Bulk Shipping) Cash Conversion Cycle : 30.16 (As of Dec. 2023)

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What is Eagle Bulk Shipping Cash Conversion Cycle?

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

Eagle Bulk Shipping's Days Sales Outstanding for the three months ended in Dec. 2023 was 24.22.
Eagle Bulk Shipping's Days Inventory for the three months ended in Dec. 2023 was 31.83.
Eagle Bulk Shipping's Days Payable for the three months ended in Dec. 2023 was 25.89.
Therefore, Eagle Bulk Shipping's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 30.16.

Eagle Bulk Shipping Cash Conversion Cycle Historical Data

The historical data trend for Eagle Bulk Shipping'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.

Eagle Bulk Shipping Cash Conversion Cycle Chart

Eagle Bulk Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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27.94

24.93

11.70

17.46

35.88

Eagle Bulk Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial															25.22	32.65	27.68	32.39	30.16

Competitive Comparison of Eagle Bulk Shipping's Cash Conversion Cycle

For the Marine Shipping subindustry, Eagle Bulk Shipping'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.

Eagle Bulk Shipping's Cash Conversion Cycle Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eagle Bulk Shipping's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Eagle Bulk Shipping's Cash Conversion Cycle falls into.

Eagle Bulk Shipping 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.

Eagle Bulk Shipping'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
	=	29.3	+	29.87	-	23.29
	=	35.88

Eagle Bulk Shipping's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	24.22	+	31.83	-	25.89
	=	30.16

Eagle Bulk Shipping (NYSE:EGLE) 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.

Eagle Bulk Shipping Cash Conversion Cycle Related Terms

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Eagle Bulk Shipping (Eagle Bulk Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eagle Bulk Shipping Inc (NYSE:EGLE) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

E1BP:Germany E1B1:Germany

Address

300 First Stamford Place, 5th Floor, Stamford, CT, USA, 06902

Website

https://www.eagleships.com

Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.

Executives

Justin A. Knowles	director	9-10 ST. ANDREW SQUARE, EDINBURGH X0 EH2 2AF
Castor Maritime Inc.	10 percent owner	CHRISTODOULOU CHATZIPAVLOU 223, HAWAII ROYAL GARDENS, APART. 16, LIMASSOL G4 3036
Gary Vogel	director, officer: Chief Executive Officer	C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Danaos Corp	10 percent owner	14 AKTI KONDYLI, 185 45 PIRAEUS, ATHENS J3 00000
Oaktree Capital I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Holdings I, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Tsoutsoplides Constantine	officer: Chief Financial Officer	C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexandra Kate Blankenship	director	33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830
De Costanzo Frank	officer: Chief Financial Officer	C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, 5TH FLOOR, STAMFORD CT 06902
Randee E Day	director	217 DEBRA LANE, PALM BEACH FL 33480
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071