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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Progressive Care's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 64.23.
Progressive Care's Days Inventory for the
three
months ended in Mar. 2024 was 27.72.
Progressive Care's Days Payable for the
three
months ended in Mar. 2024 was 103.11.
Therefore, Progressive Care's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was -11.16.
The historical data trend for Progressive Care'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.
Progressive Care Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 28.02 | -32.46 | -28.93 | -28.92 | - |
Progressive Care 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 | -37.25 | -33.27 | -28.19 | -27.43 | -11.16 |
For the Pharmaceutical Retailers subindustry, Progressive Care'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 Healthcare Providers & Services industry and Healthcare sector, Progressive Care's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Progressive Care'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.
Progressive Care'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 |
= | 0 | + | 0 | - | 0 | |
= | 0.00 |
Progressive Care'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 |
= | 64.23 | + | 27.72 | - | 103.11 | |
= | -11.16 |
* 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.
Progressive Care (OTCPK:RXMD) 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 Progressive Care's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles M. Fernandez | director, 10 percent owner, officer: Chairman & CEO | C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137 |
Rodney Barreto | director, 10 percent owner | 460 MARQUESA DRIVE, CORAL GABLES FL 33156 |
Pamela M Roberts | officer: CHIEF OPERATING OFFICER | 1540 NW 203 ST, MIAMI FL 33169 |
Pedro Rodriguez | director | 258 NE 27TH STREET, MIAMI FL 33137 |
Birute Norkute | officer: Chief Operating Officer | 2311 NE 174TH ST, MIAMI FL 33160 |
Alan Jay Weisberg | officer: CHIEF FINANCIAL OFFICER | 2500 NORTH MILITARY TRAIL, SUITE 206, BOCA RATON FL 33431 |
Cecile Munnik | officer: CFO | 400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009 |
Joseph Ziegler | director | 1051 HILLSBORO MILE, PH2, HILLSBORO BEACH FL 33062 |
Jervis Hough | director | 6053 BARTAM COVE, DULUTH GA 30097 |
Shital P Parikh | director, officer: Chief Operating Officer | 1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169 |
Vernon Watson | officer: Chief Executive Officer | 1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169 |
Armen Karapetyan | 10 percent owner | 17395 NORTH BAY ROAD, SUITE 102, SUNNY ISLES BEACH FL 33160 |
Avraham A. Friedman | director, 10 percent owner, officer: Chief Executive Officer | C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162 |
Andy Subachan | director, 10 percent owner, officer: Chief Operating Officer | C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162 |
Buddy Young | director, 10 percent owner, officer: President, CEO, CFO, Chairman |
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