GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (NAS:RMNI) » Definitions » Cash Conversion Cycle

Rimini Street (Rimini Street) Cash Conversion Cycle : 74.50 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Rimini Street Cash Conversion Cycle?

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

Rimini Street's Days Sales Outstanding for the three months ended in Mar. 2024 was 84.72.
Rimini Street's Days Inventory for the three months ended in Mar. 2024 was 0.
Rimini Street's Days Payable for the three months ended in Mar. 2024 was 10.22.
Therefore, Rimini Street's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 74.50.


Rimini Street Cash Conversion Cycle Historical Data

The historical data trend for Rimini Street'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.

Rimini Street Cash Conversion Cycle Chart

Rimini Street Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only 98.48 120.16 111.53 95.60 83.85

Rimini Street 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 72.59 62.48 49.85 60.84 74.50

Competitive Comparison of Rimini Street's Cash Conversion Cycle

For the Software - Application subindustry, Rimini Street'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.


Rimini Street's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Rimini Street's Cash Conversion Cycle distribution charts can be found below:

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



Rimini Street 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.

Rimini Street'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
=99.61+0-15.76
=83.85

Rimini Street'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
=84.72+0-10.22
=74.50

* 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.


Rimini Street  (NAS:RMNI) 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.


Rimini Street Cash Conversion Cycle Related Terms

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


Rimini Street (Rimini Street) Business Description

Traded in Other Exchanges
Address
3993 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169
Rimini Street Inc is a provider of enterprise software support products and services and the third-party support provider for Oracle and SAP software products based in the United States. Some of its products include Oracle E-business suite, Oracle Retail, Peoplesoft, SAP business suite, and Agile PLM, which are offered to various industries, including manufacturing, public sector companies, retail, and education.
Executives
Seth A. Ravin director, 10 percent owner, officer: CEO and Chairman of the Board 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Michael L. Perica officer: EVP & Chief Financial Officer C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Steven Salaets officer: CIO/CPO EVP GlSec/Facl/Qual/IA C/O 3993 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Nancy Lyskawa officer: SVP Global Client Onboarding 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Kevin Maddock officer: SVP, Global Sales 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
David W. Rowe officer: SVP & CMO 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Sebastian Grady officer: President 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Brian Slepko officer: SVP, Global Service Delivery 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Gerard Brossard officer: Chief Operating Officer 1170 PEACHTREE STREET, ATLANTA GA 30309
Jay G Snyder director C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Katrinka Mccallum director 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Gpiac, Llc 10 percent owner C/O GP INVESTMENTS ACQUISITION CORP., 150 E. 52ND STREET, SUITE 5003, NEW YORK NY 10022
Daniel B. Winslow officer: SVP & General Counsel 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Adams Street Partners Llc 10 percent owner ONE NORTH WACKER DRIVE, STE 2700, CHICAGO IL 60606-2807
Robin P. Murray director, 10 percent owner 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169

Rimini Street (Rimini Street) Headlines

From GuruFocus