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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
AerSale's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 30.89.
AerSale's Days Inventory for the
three
months ended in Mar. 2024 was 281.85.
AerSale's Days Payable for the
three
months ended in Mar. 2024 was 41.51.
Therefore, AerSale's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was 271.23.
The historical data trend for AerSale'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.
AerSale Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 130.33 | 217.40 | 150.49 | 137.98 | 216.59 |
AerSale Quarterly Data | |||||||||||||||||||
Dec18 | 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 | 213.42 | 307.55 | 251.07 | 231.32 | 271.23 |
For the Airports & Air Services subindustry, AerSale'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 Transportation industry and Industrials sector, AerSale's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where AerSale'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.
AerSale'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 |
= | 32.47 | + | 222.59 | - | 38.47 | |
= | 216.59 |
AerSale'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 |
= | 30.89 | + | 281.85 | - | 41.51 | |
= | 271.23 |
* 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.
AerSale (NAS:ASLE) 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 AerSale's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Kirton | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Green Equity Investors Cf, L.p. | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Frederick Craig Wright | officer: See Remarks | C/O AERSALE CORPORATION, 121 ALHAMBRA PLAZA, SUITE 1700, CORAL GABLES FL 33134 |
Benjamin Thomas Tschirhart | officer: See Remarks | 255 ALHAMBRA CIRCLE, SUITE 435, CORAL GABLES FL 33134 |
Nicholas Finazzo | director, officer: See Remarks | C/O AERSALE CORPORATION, 255 ALHAMBRA CIRCLE, SUITE 435, CORAL GABLES FL 33134 |
James Fry | officer: See Remarks | YRC WORLDWIDE, INC., 10990 ROE AVENUE, OVERLAND PARK KS 66211 |
Basil Barimo | officer: See Remarks | C/O AERSALE CORPORATION, 121 ALHAMBRA PLAZA, SUITE 1700, CORAL GABLES FL 33134 |
Martin Garmendia | officer: See Remarks | C/O AERSALE CORPORATION, 121 ALHAMBRA PLAZA, SUITE 1700, CORAL GABLES FL 33134 |
Andrew C Levy | director | 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113 |
Judith Ann Fedder | director | 1843 CHEROKEE ROSE CIRCLE, MT PLEASANT SC 29466 |
Charles P Mcdonald | officer: See Remarks | HLH BUILDING, 101 WORLD DRIVE, PEACHTREE CITY GA 30269 |
Gei Capital Cf, Llc | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Lgp Associates Cf, Llc | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Green Equity Investors Side Cf, L.p. | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Claude Robert Kehler | director | C/O MONOCLE ACQUISITION CORPORATION, 750 LEXINGTON AVENUE, SUITE 1501, NEW YORK NY 10022 |
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