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Sysorex (Sysorex) Cash Conversion Cycle : -208.59 (As of Jun. 2023)


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What is Sysorex Cash Conversion Cycle?

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

Sysorex's Days Sales Outstanding for the three months ended in Jun. 2023 was 98.53.
Sysorex's Days Inventory for the three months ended in Jun. 2023 was 0.
Sysorex's Days Payable for the three months ended in Jun. 2023 was 307.12.
Therefore, Sysorex's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2023 was -208.59.


Sysorex Cash Conversion Cycle Historical Data

The historical data trend for Sysorex'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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Sysorex Cash Conversion Cycle Chart

Sysorex Annual Data
Trend Dec20 Dec21 Dec22
Cash Conversion Cycle
- -222.09 -91.23

Sysorex Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -62.47 -80.67 -57.56 -42.95 -208.59

Competitive Comparison of Sysorex's Cash Conversion Cycle

For the Capital Markets subindustry, Sysorex'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.


Sysorex's Cash Conversion Cycle Distribution in the Capital Markets Industry

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

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



Sysorex 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.

Sysorex's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=74.58+0-165.81
=-91.23

Sysorex's Cash Conversion Cycle for the quarter that ended in Jun. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=98.53+0-307.12
=-208.59

* 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.


Sysorex  (OTCPK:SYSX) 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.


Sysorex Cash Conversion Cycle Related Terms

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Sysorex (Sysorex) Business Description

Traded in Other Exchanges
N/A
Address
13880 Dulles Corner Lane, Suite 120, Herndon, VA, USA, 20171
Sysorex Inc is a technology company focused on Ethereum mining and the Ethereum blockchain and information technology solutions mainly in the public sector segments including federal, state, and local governments. It currently owns and operates approximately 11,000 NVIDIA GPUs (Graphics Processing Units) generating approximately 500 Gigahash of computing power, which GPUs include thousands of Cryptocurrency Mining Processors (CMPs). These GPUs are currently online and securing the Ethereum Blockchain and generating ETH around the clock with industry-leading efficiency.
Executives
Stilley William B. Iii director 1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Wayne Fernando Wasserberg director, officer: CEO 88 SW 7TH ST.,, APT. 1504, MIAMI FL 33130
Douglas Cole director C/O AMERICAN BATTERY METALS CORP, 930 TAHOE BLVD, STE 802-16, INCLINE VILLAGE NV 89451
Vincent Loiacono officer: Chief Financial Officer C/O TERRESTAR CORPORATION, 12010 SUNSET HILLS ROAD, 6TH FLOOR, RESTON VA 20190
Wendy Loundermon officer: Vice President of Finance C/O SYSOREX GLOBAL HOLDINGS CORP., 2479 E. BAYSHORE ROAD, SUITE 195, PALO ALTO CA 94303
Nadir Ali director, officer: Chief Executive Officer C/O SYSOREX GLOBAL HOLDINGS CORP., 2479 E. BAYSHORE ROAD, SUITE 195, PALO ALTO CA 94303
Npixon 10 percent owner 2479 E. BAYSHORE ROAD, SUITE 195, PALO ALTO CA 94303
Zaman Khan director, officer: President C/O SYSOREX INC, 2355 DULLES CORNER BLVD, SUITE 600, HERNDON VA 20171

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