Matrix Cash Conversion Cycle from 2010 to 2024

MTRX Stock  USD 13.45  0.13  0.98%   
Matrix Service Cash Conversion Cycle yearly trend continues to be fairly stable with very little volatility. Cash Conversion Cycle will likely drop to 38.24 in 2024. During the period from 2010 to 2024, Matrix Service Cash Conversion Cycle regression line of annual values had r-squared of  0.05 and arithmetic mean of  54.44. View All Fundamentals
 
Cash Conversion Cycle  
First Reported
2010-12-31
Previous Quarter
56.60253476
Current Value
38.23915162
Quarterly Volatility
12.43380364
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Matrix Service financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Matrix Service's main balance sheet or income statement drivers, such as Depreciation And Amortization of 11.3 M, Interest Expense of 1.4 M or Total Revenue of 649.8 M, as well as many indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.0 or PTB Ratio of 1.85. Matrix financial statements analysis is a perfect complement when working with Matrix Service Valuation or Volatility modules.
  
Check out the analysis of Matrix Service Correlation against competitors.

Latest Matrix Service's Cash Conversion Cycle Growth Pattern

Below is the plot of the Cash Conversion Cycle of Matrix Service Co over the last few years. It is Matrix Service's Cash Conversion Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Matrix Service's overall financial position and show how it may be relating to other accounts over time.
Cash Conversion Cycle10 Years Trend
Pretty Stable
   Cash Conversion Cycle   
       Timeline  

Matrix Cash Conversion Cycle Regression Statistics

Arithmetic Mean54.44
Geometric Mean53.14
Coefficient Of Variation22.84
Mean Deviation10.06
Median54.84
Standard Deviation12.43
Sample Variance154.60
Range37.7624
R-Value0.22
Mean Square Error158.07
R-Squared0.05
Significance0.42
Slope0.63
Total Sum of Squares2,164

Matrix Cash Conversion Cycle History

2024 38.24
2023 56.6
2022 54.84
2021 76.0
2020 75.59
2019 49.96
2018 50.75

About Matrix Service Financial Statements

Matrix Service investors use historical fundamental indicators, such as Matrix Service's Cash Conversion Cycle, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Matrix Service. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash Conversion Cycle 56.60  38.24 

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Additional Tools for Matrix Stock Analysis

When running Matrix Service's price analysis, check to measure Matrix Service's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Matrix Service is operating at the current time. Most of Matrix Service's value examination focuses on studying past and present price action to predict the probability of Matrix Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matrix Service's price. Additionally, you may evaluate how the addition of Matrix Service to your portfolios can decrease your overall portfolio volatility.