* 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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LONGi Green Energy Technology Co Cash Conversion Cycle Chart
Competitive Comparison of LONGi Green Energy Technology Co's Cash Conversion Cycle
For the Semiconductor Equipment & Materials subindustry, LONGi Green Energy Technology Co'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.
LONGi Green Energy Technology Co's Cash Conversion Cycle Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, LONGi Green Energy Technology Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where LONGi Green Energy Technology Co's Cash Conversion Cycle falls into.
LONGi Green Energy Technology Co 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.
* 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.
LONGi Green Energy Technology Co (SHSE:601012) 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.
LONGi Green Energy Technology Co Cash Conversion Cycle Related Terms
Thank you for viewing the detailed overview of LONGi Green Energy Technology Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
LONGi Green Energy Technology Co (SHSE:601012) Business Description
Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018
LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.
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