HCIL has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
HCIL has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Hongchang International Co's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 1893.44.
Hongchang International Co's Days Inventory for the
three
months ended in Mar. 2024 was 70.97.
Hongchang International Co's Days Payable for the
three
months ended in Mar. 2024 was 1771.77.
Therefore, Hongchang International Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2024 was 192.64.
The historical data trend for Hongchang International Co'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.
Hongchang International Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 1,555.18 | 1,170.37 | -209.12 | - | -1,711.48 |
Hongchang International Co 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 | -29,563.83 | - | -3.62 | 13.90 | 192.64 |
For the Packaged Foods subindustry, Hongchang International 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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hongchang International Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Hongchang International Co's Cash Conversion Cycle falls into.
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.
Hongchang International Co'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 |
= | 101.34 | + | 1.96 | - | 1814.78 | |
= | -1,711.48 |
Hongchang International Co'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 |
= | 1893.44 | + | 70.97 | - | 1771.77 | |
= | 192.64 |
* 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.
Hongchang International Co (OTCPK:HCIL) 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.
Thank you for viewing the detailed overview of Hongchang International Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
Ban Siong Ang | director, 10 percent owner | 1986, PERMATANG BERANGAN,, TASEK GELUGOR, PENANG N8 13300 |
Xingjia Gao | director | ROOM 1007, XIANGYUN BUILDING, NO.1400, BAIYUN AV., NORTH GUANGZHOU F4 510440 |
Zengqiang Lin | director, 10 percent owner, officer: CEO, President | 1008, BLOCK B, RONGSHANG BUILDING, FUQING CITY F4 350309 |
Zhenzhu Lin | director, 10 percent owner | 1008, BLOCK B, RONGSHANG BUILDING, FUQING CITY F4 350309 |
Hung Seng Tan | director | 38, LORONG SERI PETALING 1/1, TAMAN SERI PETALING, KULIM,KEDAM N8 09000 |
Daniel C Master | other: Former Pres, Direct, 10% owner | P O BOX 66, LA JOLLA CA 92038 |
Kwee Huwa Tan | director | NO 8-1F, JALAN GAMALAN INDAH 1, TAMAN GAMELAN INDAH, SINGAI BAKAP N8 14200 |
Wei Li | officer: Chief Financial Officer | 4TH FLOOR, NO. 10 BLDG, XINGLIN BAY, BUSINESS OPERATION CENTER, JIMEI DISTR., XIAMEN F4 00000 |
Derald M Miller | director | 230 WEST 400 SOUTH, 1ST FLOOR, SALT LAKE CITY UT 84101 |
K Lance Bell | director, officer: CEO, President | 230 WEST 400 SOUTH 1ST FLOOR, SALT LAKE CITY UT 84101 |
Tanner J Purser | officer: Secretary | 230 WEST 400 SOUTH, 1ST FLOOR, SALT LAKE CITY UT 84101 |
James C Roundy | director, officer: vice president | 230 WEST 400 SOUTH 1ST FLOOR, SALK LAKE CITY UT 84101 |
Robert Brett Bell | officer: Secretary | 180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101 |
Allan E Oepping | other: Former director | 180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101 |
Benjamin A Black | other: Former director | 180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101 |
No Headlines
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.