Palasino Holdings (HKSE:02536) Cash Conversion Cycle : 0.00 (As of Sep. 2023)

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What is Palasino Holdings Cash Conversion Cycle?

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

Palasino Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was .
Palasino Holdings's Days Inventory for the three months ended in Sep. 2023 was .
Palasino Holdings's Days Payable for the three months ended in Sep. 2023 was .
Therefore, Palasino Holdings's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was 0.00.

Palasino Holdings Cash Conversion Cycle Historical Data

The historical data trend for Palasino Holdings'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.

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Palasino Holdings Cash Conversion Cycle Chart

Palasino Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Cash Conversion Cycle

-7.01

-3.40

-0.26

Palasino Holdings Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash Conversion Cycle	-	-	-	-	-

Competitive Comparison of Palasino Holdings's Cash Conversion Cycle

For the Resorts & Casinos subindustry, Palasino Holdings'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.

Palasino Holdings's Cash Conversion Cycle Distribution in the Travel & Leisure Industry

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

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

Palasino Holdings 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.

Palasino Holdings's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	4.12	+	1.93	-	6.31
	=	-0.26

Palasino Holdings's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=		+		-
	=	0.00

Palasino Holdings (HKSE:02536) 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.

Palasino Holdings Cash Conversion Cycle Related Terms

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Palasino Holdings (HKSE:02536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palasino Holdings Ltd (HKSE:02536) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Des Voeux Road Central, 16 floor, Far East Consortium Building, Hong Kong, HKG

Website

https://www.palasinoholdings.com

Palasino Holdings Ltd is an entertainment, gaming, and leisure group comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services. It operates into two reportable segments: Gaming operations - operation of casinos and Hotel and catering operations - operation of hotel, catering, and related services. Key revenue is generated from Gaming operations - operation of casinos.

Executives

Chiu David	2201 Interest of corporation controlled by you
Chiu Ng Nancy	2202 Interest of your spouse
Far East Organization (international) Limited	2201 Interest of corporation controlled by you
Sumptuous Assets Limited	2201 Interest of corporation controlled by you
Ample Bonus Limited	2101 Beneficial owner
Far East Consortium International Limited	2201 Interest of corporation controlled by you
Blossom Industrial Investment Limited	2201 Interest of corporation controlled by you
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2201 Interest of corporation controlled by you
Yang Fang	2201 Interest of corporation controlled by you

Palasino Holdings (HKSE:02536) Headlines

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