GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cushman & Wakefield PLC (NYSE:CWK) » Definitions » Cash Conversion Cycle

Cushman & Wakefield (Cushman & Wakefield) Cash Conversion Cycle : 1.04 (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Cushman & Wakefield Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Cushman & Wakefield's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.09.
Cushman & Wakefield's Days Inventory for the three months ended in Mar. 2024 was 0.
Cushman & Wakefield's Days Payable for the three months ended in Mar. 2024 was 56.05.
Therefore, Cushman & Wakefield's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 1.04.


Cushman & Wakefield Cash Conversion Cycle Historical Data

The historical data trend for Cushman & Wakefield'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.

* Premium members only.

Cushman & Wakefield Cash Conversion Cycle Chart

Cushman & Wakefield Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only 4.99 3.56 0.47 0.92 1.48

Cushman & Wakefield 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 -1.58 -0.47 0.57 1.04

Competitive Comparison of Cushman & Wakefield's Cash Conversion Cycle

For the Real Estate Services subindustry, Cushman & Wakefield'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.


Cushman & Wakefield's Cash Conversion Cycle Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cushman & Wakefield's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Cushman & Wakefield's Cash Conversion Cycle falls into.



Cushman & Wakefield Cash Conversion Cycle Calculation

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.

Cushman & Wakefield'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
=56.33+0-54.85
=1.48

Cushman & Wakefield'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
=57.09+0-56.05
=1.04

* 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.


Cushman & Wakefield  (NYSE:CWK) 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.


Cushman & Wakefield Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Cushman & Wakefield's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


Cushman & Wakefield (Cushman & Wakefield) Business Description

Traded in Other Exchanges
Address
125 Old Broad Street, London, GBR, EC2N 1AR
Cushman & Wakefield is one of the largest commercial real estate services firms in the world, with global headquarters in Chicago. The firm provides various real estate-related services to owners, occupiers, and investors. These include brokerage services for leasing and capital markets sales as well as advisory services such valuation, project management, and facilities management.
Executives
Nathaniel Robinson officer: EVP, Strategic Planning, CIO 225 WEST WACKER DRIVE, CHICAGO IL 60606
Tpg Gp A, Llc 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michelle Felman director
Noelle J Perkins officer: See Remarks 3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE TX 60515
Pagac Drone Holding Gp I Ltd 10 percent owner 32/F, AIA CENTRAL, 1 CONNAUGHT ROAD CENTRAL, HONG KONG K3 NA
Michelle Mackay director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
W Brett White director, officer: Executive Chairman and CEO 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Andrew R. Mcdonald officer: President C/O CUSHMAN & WAKEFIELD PLC, 225 W WACKER DR SUITE 3000, CHICAGO IL 60606
Jon Winkelried 10 percent owner C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
John Forrester officer: President 225 WEST WACKER DRIVE, CHICAGO IL 60606
Angela Sun director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80236
Tpg Asia Advisors Vi, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Anthony Murray Miller director 225 WEST WACKER DRIVE, CHICAGO IL 60606
Neil O Johnston officer: Global Chief Financial Officer
Angelique G. Brunner director C/O CHESAPEAKE LODGING TRUST, 4300 WILSON BOULEVARD, SUITE 625, ARLINGTON VA 22203