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Kopin (KOPN) Cash Conversion Cycle : 62.52 (As of Mar. 2024)


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What is Kopin Cash Conversion Cycle?

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

Kopin's Days Sales Outstanding for the three months ended in Mar. 2024 was 75.07.
Kopin's Days Inventory for the three months ended in Mar. 2024 was 73.29.
Kopin's Days Payable for the three months ended in Mar. 2024 was 85.84.
Therefore, Kopin's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 62.52.


Kopin Cash Conversion Cycle Historical Data

The historical data trend for Kopin'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.

Kopin Cash Conversion Cycle Chart

Kopin 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 61.03 60.87 85.02 83.49 84.45

Kopin 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 78.87 86.26 84.55 104.78 62.52

Competitive Comparison of Kopin's Cash Conversion Cycle

For the Electronic Components subindustry, Kopin'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.


Kopin's Cash Conversion Cycle Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kopin's Cash Conversion Cycle distribution charts can be found below:

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



Kopin 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.

Kopin'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
=73.39+102.6-91.54
=84.45

Kopin'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
=75.07+73.29-85.84
=62.52

* 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.


Kopin  (NAS:KOPN) 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.


Kopin Cash Conversion Cycle Related Terms

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


Kopin (KOPN) Business Description

Industry
Traded in Other Exchanges
Address
125 North Drive, Westborough, MA, USA, 01581-3335
Kopin Corp is a developer, manufacturer, and seller of components, subassemblies, and head-worn and hand-held systems. It serves soldiers, avionic, armored vehicles and training and simulation military applications, and others. The company's product portfolio includes LCD; ferroelectric liquid crystal on silicon devices (FLCoS); Organic Light Emitting Diodes (OLED) and others. Geographically, it derives a majority of its revenue from the Americas and also has a presence in Asia-Pacific; Europe, and Other Countries.
Executives
Fan John C C officer: CEO & President 695 MYLES STANDISH BLVD, TAUNTON MA 02780
Scott L Anchin director 16990 GOLDENTOP ROAD, SUITE A, SAN DIEGO CA 92127
Hsieh Chi Chia Dr director MICROCELECTRONICS TECHNOLOGY INC, 1 INNOVATION RD II HISINCHU SCIENCE BASE, HSINCH 30077 TAIWAN ROC F5 02780
James K Brewington director 600 MOUNTAIN AVE, MURRAY HILL NJ 07974
Michael Andrew Murray officer: CEO KOPIN CORPORATION, 125 NORTH DRIVE, WESTBOROUGH MA 01851
Morton Collins director
Paul Christopher Baker officer: Strategic Business Officer C/O KOPIN CORPORATION, 125 NORTH DRIVE, WESTBOROUGH MA 01581
Jill Janice Avery director 381 BEACON STREET, BOSTON MA 02116
David Brook director 6 DUSTON LANE, ACTON MA 01720
Richard Sneider officer: CFO 695 MYLES STANDISH BLVD, TAUNTON MA 02780
Hong K Choi officer: CTO C/O KOPIN CORP, 695 MYLAS STANDISH BLVD, TAVNTON MA 02780
Bor Yeu Tsaur officer: Executive Vice President C/O KOPIN CORP, 695 MYLAS STANDISH BLVD, TAVNTON MA 02780
Osgood Richard Hoe Iii director 20 HUNTER RANCH ROAD, NAPA CA 94558
Goertek Inc. 10 percent owner NO. 268, DONGFANG ROAD, HIGH-TECH INDUSTRIAL DEVELOPMENT ZONE, WEIFANG, SHANDONG PROVINCE F4 261031
Andrew Chapman director NARAD NETWORKS, 515 GROTON ROAD, WESTFORD MA 01886