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Lifetime Brands (Lifetime Brands) Cash Conversion Cycle : 237.58 (As of Mar. 2024)


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What is Lifetime Brands Cash Conversion Cycle?

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

Lifetime Brands's Days Sales Outstanding for the three months ended in Mar. 2024 was 86.23.
Lifetime Brands's Days Inventory for the three months ended in Mar. 2024 was 203.88.
Lifetime Brands's Days Payable for the three months ended in Mar. 2024 was 52.53.
Therefore, Lifetime Brands's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 237.58.


Lifetime Brands Cash Conversion Cycle Historical Data

The historical data trend for Lifetime Brands'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.

Lifetime Brands Cash Conversion Cycle Chart

Lifetime Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 164.17 168.31 171.61 215.64 206.01

Lifetime Brands 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 260.79 247.70 186.59 169.72 237.58

Competitive Comparison of Lifetime Brands's Cash Conversion Cycle

For the Furnishings, Fixtures & Appliances subindustry, Lifetime Brands'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.


Lifetime Brands's Cash Conversion Cycle Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Lifetime Brands's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Lifetime Brands's Cash Conversion Cycle falls into.



Lifetime Brands 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.

Lifetime Brands'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
=78.77+173.55-46.31
=206.01

Lifetime Brands'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
=86.23+203.88-52.53
=237.58

* 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.


Lifetime Brands  (NAS:LCUT) 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.


Lifetime Brands Cash Conversion Cycle Related Terms

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Lifetime Brands (Lifetime Brands) Business Description

Traded in Other Exchanges
Address
1000 Stewart Avenue, Garden City, NY, USA, 11530
Lifetime Brands Inc is a U.S. based company that designs, sources, and sells branded kitchenware, tableware, and other products used in the home and markets its products under brands such as Farberware, KitchenAid, Cuisine de France, and others. The company markets and sells its products principally on a wholesale basis to retailers. It also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred, and Friends, Built NY, and Lifetime Sterling. Its products include kitchen tools, gadgets, cutlery, dinnerware, and glassware. The segments of the company are the U.S. and International. It derives a majority of the revenue from the U.S. segment which includes the domestic operations of the company's business.
Executives
Robert Bruce Kay director, officer: Chief Executive Officer 1000 STEWART AVENUE, GARDEN CITY NY 11530
Daniel Siegel officer: Executive Vice-President C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
Craig Phillips director, officer: Executive Vice President LIFETIME BRANDS INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
Laurence Winoker officer: SVP Finance/CFO/Treasurer
Veronique Gabai-pinsky director C-O VERA WANG GROUP, 15 EAST 26TH STREET, NEW YORK NY 10010
Rachael Jarosh director 1000 STEWART AVENUE, GARDEN CITY NY 11530
Michael J Jeary director 8 BELKNAP LANE, RUMSON NJ 07760
Dennis E Reaves director C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
Bruce G Pollack director 30 ROCKEFEELER PLAZA, SUITE 5050, NEW YORK NY 10020
Michael J Regan director 14 BRENNER PLACE, DEMAREST NJ 07627
Michael Schnabel director 1000 STEWART AVENUE, GARDEN CITY NY 11530
Centre Partners V, L.p. 10 percent owner 825 THIRD AVENUE, 40TH FLOOR, NEW YORK NY 10022
Centre Capital Investors V Lp 10 percent owner 825 THIRD AVENUE, 40TH FLOOR, New York NY 10022
Ronald Shittan director C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
William U Westerfield director C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530