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Electronic Systems Technology, Inc., doing business as ESTeem Wireless Modems, designs, develops, manufactures, and markets industrial wireless products and accessories in the United States and intern...
We've identified the following companies as similar to Electronic Systems Technology Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Cash Conversion Cycle in the efficiency category include:
A metric that compares the amount of days it takes a company to sell inventory and collect receivables relative to the amount of days afforded to pay ...
Cash Conversion Cycle is defined as:
(+) Days Inventory Outstanding
(+) Days Sales Outstanding
(-) Days Payables Outstanding
(=) Cash Conversion Cycle
Cash Conversion Cycle for Electronic Systems Technology is calculated as follows:
(+) Days Inventory Outstanding [ 459 days ]
(+) Days Sales Outstanding [ 22 days ]
(-) Days Payables Outstanding [ 16 days ]
(=) Cash Conversion Cycle [ 465 days ]
The tables below summarises the trend in Electronic Systems Technology’s inventory turnover over the last five years:
| Fiscal Year | Days Inventory Outstanding | Days Sales Outstanding | Days Payables Outstanding | Cash Conversion Cycle |
|---|---|---|---|---|
| 2019-12-31 | 409 days | 17 days | 46 days | 381 days |
| 2020-12-31 | 423 days | 54 days | 36 days | 442 days |
| 2021-12-31 | 270 days | 55 days | 22 days | 303 days |
| 2022-12-31 | 250 days | 29 days | 43 days | 236 days |
| 2023-12-31 | 348 days | 23 days | 42 days | 329 days |
Cash Conversion Cycle is a metric that compares the amount of days it takes a company to sell inventory and collect receivables relative to the amount of days afforded to pay bills. It attempts to measure the time between the outflow and inflow of cash in the sales cycle.
For example, many companies buy inventory on credit as well as sell products on credit. These actions would increase the company’s Accounts Payable liability and Accounts Receivable asset, respectively. However, cash has not yet been involved in these transactions until the company actually pays its Accounts Payables or collects its Accounts Receivables. The Cash Conversion Cycle attempts to measure the time between these cash outflows and inflows.
A negative figure suggests a company is able to receive payments for product sales before having to pay suppliers. This is good for Net Working Capital and free cash flow.
Read more about days inventory outstanding, days sales outstanding, and days payables outstanding