Puissant Industries (Puissant Industries) Cash Conversion Cycle : -93.37 (As of Dec. 2013)

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What is Puissant Industries Cash Conversion Cycle?

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

Puissant Industries's Days Sales Outstanding for the six months ended in Dec. 2013 was 38.2.
Puissant Industries's Days Inventory for the six months ended in Dec. 2013 was 0.
Puissant Industries's Days Payable for the six months ended in Dec. 2013 was 131.57.
Therefore, Puissant Industries's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2013 was -93.37.

Puissant Industries Cash Conversion Cycle Historical Data

The historical data trend for Puissant Industries'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.

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Puissant Industries Cash Conversion Cycle Chart

Puissant Industries Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Cash Conversion Cycle

3.87

-61.60

-93.37

Puissant Industries Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13
Cash Conversion Cycle	-	3.87	-61.60	-93.37

Competitive Comparison of Puissant Industries's Cash Conversion Cycle

For the Capital Markets subindustry, Puissant Industries'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.

Puissant Industries's Cash Conversion Cycle Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Puissant Industries's Cash Conversion Cycle distribution charts can be found below:

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

Puissant Industries 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.

Puissant Industries's Cash Conversion Cycle for the fiscal year that ended in Dec. 2013 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	38.2	+	0	-	131.57
	=	-93.37

Puissant Industries's Cash Conversion Cycle for the quarter that ended in Dec. 2013 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	38.2	+	0	-	131.57
	=	-93.37

Puissant Industries (OTCPK:PSSS) 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.

Puissant Industries Cash Conversion Cycle Related Terms

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Puissant Industries (Puissant Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Puissant Industries Inc (OTCPK:PSSS) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

480 Lexington Road, Suite 12, Versailles, KY, USA, 40383

Website

http://www.psss.co

Puissant Industries Inc is a rapidly growing independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations focused in the United States. The Company's focus is on the redevelopment of producing oils and gas properties and is currently producing commercial quantities of oil and gas from fields it owns and operates.

Executives

Carbon River Holdings, Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Logos Resources, Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Marshall E. Holbrook	director, officer: Vice President	520 WHITLEY STREET, LONDON KY 40743
Holbrook Cora J.	director, officer: Secretary/Treasurer	520 WHITLEY STREET, LONDON KY 40743
Mccrome International Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Sovereign One, Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Mark E. Holbrook	director, officer: President	520 WHITLEY STREET, LONDON KY 40743

Puissant Industries (Puissant Industries) Headlines

From GuruFocus

Joint Venture Between Puissant Industries, Inc. and EnerMining Corp.

By ACCESSWIRE ACCESSWIRE • 01-14-2022