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Siamgas And Petrochemicals PCL (BKK:SGP) Cash Conversion Cycle : 41.78 (As of Mar. 2024)


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What is Siamgas And Petrochemicals PCL Cash Conversion Cycle?

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

Siamgas And Petrochemicals PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 24.09.
Siamgas And Petrochemicals PCL's Days Inventory for the three months ended in Mar. 2024 was 37.29.
Siamgas And Petrochemicals PCL's Days Payable for the three months ended in Mar. 2024 was 19.6.
Therefore, Siamgas And Petrochemicals PCL's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 41.78.


Siamgas And Petrochemicals PCL Cash Conversion Cycle Historical Data

The historical data trend for Siamgas And Petrochemicals PCL'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.

* Premium members only.

Siamgas And Petrochemicals PCL Cash Conversion Cycle Chart

Siamgas And Petrochemicals PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.90 35.76 36.07 31.30 38.71

Siamgas And Petrochemicals PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.69 48.80 46.68 47.90 41.78

Competitive Comparison of Siamgas And Petrochemicals PCL's Cash Conversion Cycle

For the Oil & Gas Refining & Marketing subindustry, Siamgas And Petrochemicals PCL'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.


Siamgas And Petrochemicals PCL's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Siamgas And Petrochemicals PCL's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Siamgas And Petrochemicals PCL's Cash Conversion Cycle falls into.



Siamgas And Petrochemicals PCL 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.

Siamgas And Petrochemicals PCL's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=23.92+33.97-19.18
=38.71

Siamgas And Petrochemicals PCL's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=24.09+37.29-19.6
=41.78

* 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.


Siamgas And Petrochemicals PCL  (BKK:SGP) 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.


Siamgas And Petrochemicals PCL Cash Conversion Cycle Related Terms

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Siamgas And Petrochemicals PCL (BKK:SGP) Business Description

Traded in Other Exchanges
N/A
Address
No. 553, Ratchaprarop Road, 30th Floor, Tower A, The Palladium Building, Makkasan, Ratchathewi, Bangkok, THA, 10400
Siamgas And Petrochemicals PCL are engaged in the trading of liquefied petroleum gas and petrochemicals. It sells liquefied petroleum gas under two brands: SIAMGAS and UNIQUE GAS in Thailand and under SGGAS, SINGGAS, and MYGAZ brands in the Overseas market. Its segments include Petroleum & petrochemical products, which is engaged in trading of petroleum for household cooking, industry & transportation businesses, and petrochemical trading; Transportation services, which provides transportation services by land & ship; and Others segment, which is into Cylinder manufacturing, holding business and oil depots & port services. Its operations are carried out in Thailand, China, Singapore, Malaysia, and Vietnam. The company generates the majority of its revenue from the overseas market.

Siamgas And Petrochemicals PCL (BKK:SGP) Headlines

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