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South China Holdings Co (HKSE:00413) Cash Conversion Cycle : 124.25 (As of Dec. 2023)


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What is South China Holdings Co Cash Conversion Cycle?

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

South China Holdings Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 47.89.
South China Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 145.18.
South China Holdings Co's Days Payable for the six months ended in Dec. 2023 was 68.82.
Therefore, South China Holdings Co's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 124.25.


South China Holdings Co Cash Conversion Cycle Historical Data

The historical data trend for South China Holdings 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.

* Premium members only.

South China Holdings Co Cash Conversion Cycle Chart

South China Holdings Co 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 195.80 142.65 107.73 123.72 133.79

South China Holdings Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 95.07 128.27 154.61 185.88 124.25

Competitive Comparison of South China Holdings Co's Cash Conversion Cycle

For the Leisure subindustry, South China Holdings 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.


South China Holdings Co's Cash Conversion Cycle Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, South China Holdings Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where South China Holdings Co's Cash Conversion Cycle falls into.



South China Holdings 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.

South China Holdings 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
=45.28+169.94-81.43
=133.79

South China Holdings Co's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=47.89+145.18-68.82
=124.25

* 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.


South China Holdings Co  (HKSE:00413) 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.


South China Holdings Co Cash Conversion Cycle Related Terms

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South China Holdings Co (HKSE:00413) Business Description

Traded in Other Exchanges
Address
1 Garden Road, 28th Floor, Bank of China Tower, Central, Hong Kong, HKG
South China Holdings Co Ltd is a trading and manufacturing company. The company operates its business through four segments namely Trading and Manufacturing, Property investment and development, Agriculture and forestry and Others segment. Its business activities include trading and manufacturing toys, footwear and leather products as well as cultivating fruit trees, and rearing of livestock and aquatic products. It is also engaged in developing properties and investment holding about management functions. The majority of the company's revenues are derived from the Trading and manufacturing segment. Its geographical segments are the United States, Europe, the PRC including Hong Kong, Japan and Others.
Executives
Ng Hung Sang 2101 Beneficial owner
Ng Lai King Pamela 2202 Interest of your spouse
Earntrade Investments Limited 2101 Beneficial owner

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