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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Victory Capital Holdings's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 38.18.
Victory Capital Holdings's Days Inventory for the
three
months ended in Dec. 2023 was 0.
Victory Capital Holdings's Days Payable for the
three
months ended in Dec. 2023 was 27.92.
Therefore, Victory Capital Holdings's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 10.26.
The historical data trend for Victory Capital Holdings'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.
Victory Capital Holdings Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 39.67 | 21.27 | -8.81 | -13.10 | -15.33 |
Victory Capital Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 15.68 | -42.59 | -19.47 | -53.72 | 10.26 |
For the Asset Management subindustry, Victory Capital Holdings'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 Asset Management industry and Financial Services sector, Victory Capital Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Victory Capital Holdings'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.
Victory Capital Holdings'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 |
= | 37.53 | + | 0 | - | 52.86 | |
= | -15.33 |
Victory Capital Holdings's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 38.18 | + | 0 | - | 27.92 | |
= | 10.26 |
* 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.
Victory Capital Holdings (NAS:VCTR) 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 Victory Capital Holdings's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
David Craig Brown | officer: Chairman and CEO | 4900 TIEDEMAN ROAD, BROOKLYN OH 44144 |
Kelly Stevenson Cliff | officer: See Remarks | 4900 TIEDMAN ROAD, BROOKLYN OH 44144 |
Mary M. Jackson | director | 7799 LEESBURG PIKE, SUITE 300 NORTH, FALLS CHURCH VA 22043 |
James B Hawkes | director | 255 STATE STREET, BOSTON MA 02109 |
Delaney Robert V. Jr. | director | 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065 |
Crestview Partners Ii Gp, L.p. | director, 10 percent owner | 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022 |
Milton R. Berlinski | director, 10 percent owner | C/O REVERENCE, 477 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
Richard M Demartini | director | BANK OF AMERICA CORP, 9 WEST 57TH STREET NY1-301-48-02, NEW YORK NY 10019 |
Michael Dennis Policarpo | officer: See Remarks | 4900 TIEDMAN ROAD, BROOKLYN OH 44144 |
Nina Gupta | officer: See Remarks | 4900 TIEDEMAN ROAD, BROOKLYN OH 44144 |
Alan Rappaport | director | C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Lawrence Davanzo | director | 1299 OCEAN AVENUE, SUITE 700, SANTA MONICA CA 90401 |
Terence Francis Sullivan | officer: CFO and Head of Strategy | 4900 TIEDMAN ROAD, BROOKLYN OH 44144 |
Rcp Lake Co-invest, L.p. | director, 10 percent owner | C/O REVERENCE CAPITAL PARTNERS LLC, 399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Hurst Robert J/ny | director | C/O GOLDMAN SACHS GROUP INC, 85 BROAD STREET, NEW YORK NY 10004 |
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