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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
PDF Solutions's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 101.8.
PDF Solutions's Days Inventory for the
three
months ended in Mar. 2024 was 0.
PDF Solutions's Days Payable for the
three
months ended in Mar. 2024 was 27.96.
Therefore, PDF Solutions's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was 73.84.
The historical data trend for PDF Solutions'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.
PDF Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 141.64 | 95.29 | 80.87 | 55.56 | 64.26 |
PDF Solutions 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 | 51.27 | 87.39 | 94.64 | 77.30 | 73.84 |
For the Software - Application subindustry, PDF Solutions'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 Software industry and Technology sector, PDF Solutions's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where PDF Solutions'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.
PDF Solutions'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 |
= | 95.82 | + | 0 | - | 31.56 | |
= | 64.26 |
PDF Solutions'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 |
= | 101.8 | + | 0 | - | 27.96 | |
= | 73.84 |
* 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.
PDF Solutions (NAS:PDFS) 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 PDF Solutions's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael B Gustafson | director | 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021 |
Nancy Erba | director | C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089 |
Shuo Zhang | director | PDF SOLUTIONS, INC., 2858 DE LA CRUZ BOULEVARD, SANTA CLARA CA 95050 |
Andrzej Strojwas | officer: CTO | 2858 DE LA CRUZ BLVD., SANTA CLARA CA 95050 |
Adnan Raza | officer: EVP, Finance and CFO | PDF SOLUTIONS, 2858 DE LA CRUZ BOULEVARD, SANTA CLARA CA 95050 |
Joseph R Bronson | director | 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551 |
Ye Jane Li | director | 200 FLYNN ROAD, CAMARILLO CA 93012-8790 |
Kimon Michaels | director, officer: EVP of Products and Solutions | 333 WEST SAN CARLOS STREET, SUITE 700, SAN JOSE CA 95110 |
Marco Iansiti | director | 92 HAVEN ST., DOVER MA 02038 |
Gerald Zheyao Yin | director | 2-10 WEIFANG XI ROAD, PUDONG NEW DISTRICT, SHANGHAI F4 200122 |
Russell Christine | officer: VP, Finance and CFO | 17165 PINE STREET, LOS GATOS CA 95032 |
Lucio Lanza | director | 141 CASPIAN COURT, SUNNYVALE CA 94089 |
Kwangh Kim | officer: VP of Business Development | 333 WEST SAN CARLOS STREET, SUITE 1000, SAN JOSE CA 95110 |
Gregory C Walker | officer: CFO, VP Finance | 2 RESULTS WAY, CUPERTINO CA 95014 |
Hartgring Cornelis | officer: VP- Client Services & Sales | 333 WEST SAN CARLOS STREET, SUITE 700, SAN JOSE CA 95110 |
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