Cogent Communications Group Inc (CCOI)
Cash conversion cycle
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 48.25 | 60.67 | 80.02 | 83.40 | 87.75 | 60.77 | 48.76 | 14.54 | 5.00 | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 48.25 | 60.67 | 80.02 | 83.40 | 87.75 | 60.77 | 48.76 | 14.54 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Cogent Communications Group Inc has experienced fluctuations over the past few years. The cycle remained consistently low at 0.00 days from March 2020 to December 2021, indicating efficient management of the company's working capital to convert inventory to cash quickly.
However, there was a notable increase in the cash conversion cycle from March 2022 to September 2023, peaking at 87.75 days in September 2022. This increase suggests a delay in converting inventory and receivables into cash, which may be attributed to changes in the company's operations or market conditions.
The cycle decreased significantly in the following periods, reaching 0.00 days by December 2023 and continuing at this level until December 2024. This improvement indicates a return to more efficient working capital management practices, resulting in a quicker conversion of assets into cash.
Overall, monitoring the cash conversion cycle is crucial for assessing the efficiency of Cogent Communications Group Inc's working capital management and identifying potential areas for improvement in cash flow management.
Peer comparison
Dec 31, 2024