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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Meta Materials's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 41.71.
Meta Materials's Days Inventory for the
three
months ended in Mar. 2024 was 18.24.
Meta Materials's Days Payable for the
three
months ended in Mar. 2024 was 1242.83.
Therefore, Meta Materials's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was -1,182.88.
The historical data trend for Meta Materials'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.
Meta Materials Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash Conversion Cycle | - | -301,360.85 | -4,121.47 | -1,128.75 | -881.30 |
Meta Materials Quarterly Data | |||||||||||||||||
Dec19 | 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 | -1,284.97 | -1,517.07 | -1,189.75 | -923.99 | -1,182.88 |
For the Electronic Components subindustry, Meta Materials'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 Hardware industry and Technology sector, Meta Materials's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Meta Materials'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.
Meta Materials'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 |
= | 42.29 | + | 35.5 | - | 959.09 | |
= | -881.30 |
Meta Materials'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 |
= | 41.71 | + | 18.24 | - | 1242.83 | |
= | -1,182.88 |
* 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.
Meta Materials (NAS:MMAT) 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 Meta Materials's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer K. Cheraso | officer: Chief Human Resources Officer | C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
James Macmillan Fusaro | director, officer: Chief Executive Officer | 1900 S. PRICE ROAD, CHANDLER AZ 85248 |
Philippe Morali | director | 400 N. MCCARTHY BLVD., MILPITAS CA 94089 |
Georgios Palikaras | director, 10 percent owner, officer: See Remarks | C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9 |
David Daniel Eaton | officer: Chief Legal Officer | 1706 PASEO DE PERALTA, SANTA FE NM 87501 |
Uzi Sasson | officer: See Remarks | 2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Vyomesh Joshi | director | 17343 VIA DEL CAMPO, SAN DIEGO CA 92127 |
Eugenia Corrales | director | C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085 |
Jonathan Waldern | officer: Chief Technical Officer | C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9 |
Rice Kenneth L Jr | officer: See Remarks | C/O 85 MAIN STREET, HOPKINTON MA 01748 |
Thomas Gordon Welch | 10 percent owner | 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0 |
John R Harding | director | C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043 |
Steen Karsbo | director | C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9 |
Michael James Graves | director | 5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093 |
Anne Barber Lambert | 10 percent owner | 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0 |
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