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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
FactSet Research Systems's Days Sales Outstanding for the
three
months ended in Feb. 2024 was 43.25.
FactSet Research Systems's Days Inventory for the
three
months ended in Feb. 2024 was 0.
FactSet Research Systems's Days Payable for the
three
months ended in Feb. 2024 was 49.77.
Therefore, FactSet Research Systems's Cash Conversion Cycle (CCC) for the
three
months ended in Feb. 2024 was -6.52.
The historical data trend for FactSet Research Systems'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.
FactSet Research Systems Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | -3.20 | -5.63 | -3.85 | -5.52 | -4.51 |
FactSet Research Systems Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | -3.08 | -0.87 | 0.33 | -8.68 | -6.52 |
For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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 Capital Markets industry and Financial Services sector, FactSet Research Systems's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where FactSet Research Systems'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.
FactSet Research Systems's Cash Conversion Cycle for the fiscal year that ended in Aug. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 38.66 | + | 0 | - | 43.17 | |
= | -4.51 |
FactSet Research Systems's Cash Conversion Cycle for the quarter that ended in Feb. 2024 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 43.25 | + | 0 | - | 49.77 | |
= | -6.52 |
* 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.
FactSet Research Systems (NYSE:FDS) 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 FactSet Research Systems's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick Philip Snow | director, officer: Chief Executive Officer | 45 GLOVER AVENUE, NORWALK CT 06850 |
Laurie Siegel | director | C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036 |
Katherine M Stepp | officer: Chief Technology Officer (CTO) | FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850 |
Rachel Rebecca Stern | officer: EVP, Chief Legal Officer | 45 GLOVER AVENUE, NORWALK CT 06850 |
Robert J. Robie | officer: EVP, Head of Trading&Analytics | 45 GLOVER AVENUE, NORWALK CT 06850 |
Christopher R Ellis | officer: EVP, Initiatives & P'ships | FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850 |
Malcolm Frank | director | FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850 |
Goran Skoko | officer: EVP, Wealth Solutions | 45 GLOVER AVENUE, NORWALK CT 06850 |
Kristina W Karnovsky | officer: EVP, Chief Product Officer | 45 GLOVER AVENUE, NORWALK CT 06850 |
John Costigan | officer: Chief Content Officer | FACTSET RESEARCH SYSTEMS, 45 GLOVER AVENUE, NORWALK CT 06850 |
Catrina Harding | officer: Chief People Officer | FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850 |
Jonathan Reeve | officer: EVP, Senior Head of CTS | 601 MAIN AVENUE, NORWALK CT 06851 |
Shlomo Elisha Wiesel | director | FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850 |
Sheila B Jordan | director | 601 MERRITT 7, NORWALK CT 06851 |
Joseph Zimmel | director | 601 MERRITT 7, NORWALK CT 06851 |
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