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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
TransMedics Group's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 68.55.
TransMedics Group's Days Inventory for the
three
months ended in Mar. 2024 was 114.75.
TransMedics Group's Days Payable for the
three
months ended in Mar. 2024 was 27.14.
Therefore, TransMedics Group's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was 156.16.
The historical data trend for TransMedics Group'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.
TransMedics Group Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 237.03 | 393.44 | 456.82 | 230.43 | 170.58 |
TransMedics Group 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 | 204.35 | 200.11 | 162.90 | 149.48 | 156.16 |
For the Medical Devices subindustry, TransMedics Group'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 Medical Devices & Instruments industry and Healthcare sector, TransMedics Group's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where TransMedics Group'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.
TransMedics Group'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 |
= | 68.87 | + | 135.19 | - | 33.48 | |
= | 170.58 |
TransMedics Group'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 |
= | 68.55 | + | 114.75 | - | 27.14 | |
= | 156.16 |
* 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.
TransMedics Group (NAS:TMDX) 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 TransMedics Group's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Tamer I Khayal | officer: Chief Commercial Officer | TRANSMEDICS INC, 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
Miriam Provost | officer: VP of US Regulatory & FDA Rel. | 2000 MINUTEMAN ROAD, ANDOVER MA 01810 |
Waleed H Hassanein | director, officer: President & CEO | TRANSMEDICS INC, 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
James R Tobin | director | C/O CURIS INC, 4 MAGUIRE ROAD, LEXINGTON MA 02421 |
Stephen Gordon | officer: Chief Financial Officer | 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
David Weill | director | 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Anil P. Ranganath | officer: See Remarks | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Edward M Basile | director | 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
John F Carey | officer: VP of Operations | 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Nicholas Corcoran | officer: See Remarks | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Laura Damme | officer: VP, Clinical Affairs | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Stephanie Lovell | director | C/O CYCLERION THERAPEUTICS, INC., 301 BINNEY STREET, CAMBRIDGE MA 02142 |
Kania Edwin M Jr | director | |
Rakesh P. Godhani | officer: Chief Digital Officer | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
John F Sullivan | officer: VP of Quality & Engineering | 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
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