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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
NextTrip's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 33.42.
NextTrip's Days Inventory for the
three
months ended in Sep. 2023 was 444.58.
NextTrip's Days Payable for the
three
months ended in Sep. 2023 was 235.38.
Therefore, NextTrip's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 242.62.
The historical data trend for NextTrip'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.
NextTrip Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 145.01 | 9.75 | 212.19 | 419.49 | 841.35 |
NextTrip Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 799.50 | 1,744.59 | 1,071.85 | 1,617.96 | 242.62 |
For the Travel Services subindustry, NextTrip'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 Travel & Leisure industry and Consumer Cyclical sector, NextTrip's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where NextTrip'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.
NextTrip's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 227.11 | + | 866.09 | - | 251.85 | |
= | 841.35 |
NextTrip's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 33.42 | + | 444.58 | - | 235.38 | |
= | 242.62 |
* 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.
NextTrip (NAS:NTRP) 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 NextTrip's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Ruport | director, officer: Executive Chairman | 5575 MARK DABLING BLVD, SUITE 100, COLORADO SPRINGS CO 80919 |
Stephan Kuehr | officer: GM of European Operations | LEONHARDYWEG 30, BERLIN 2M 10121 |
Jacob Brunsberg | officer: Sr VP Product Mgt/Strat Rel | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Carl I. Schwartz | 10 percent owner | 20155 N.E. 38TH COURT, UNIT 3104, AVENTURA FL 33180 |
Frank Orzechowski | officer: CFO, PFO and PAO | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Darren Beckett | officer: Vice President of Engineering | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Kent J Summers | director | 13 ONONDAGA LANE, MEDFIELD MA 02052 |
Mark Cola | director, officer: President, CEO and COO | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Nannette Toups | officer: CFO, PFO and PAO | C/O SIGMA LABS, INC., 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Salvatore F Battinelli | director | 5 CLIFTON AVENUE, MARBLEHEAD MA 01945 |
Dennis Duitch | director | 150 E PALMETTO PARK ROAD, SUITE 510, BOCA RATON FL 33432 |
John Reynolds Rice | director | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Fisher Ronald Kenneth Jr | officer: Vice President of Business Dev | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Frank J Garofalo | director | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
Amanda Cola | officer: VP of Finance and Business Ops | 3900 PASEO DEL SOL, SANTA FE NM 87507 |
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