Society Pass (Society Pass) Cash Conversion Cycle : -25.15 (As of Mar. 2024)

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What is Society Pass Cash Conversion Cycle?

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

Society Pass's Days Sales Outstanding for the three months ended in Mar. 2024 was 66.1.
Society Pass's Days Inventory for the three months ended in Mar. 2024 was 27.33.
Society Pass's Days Payable for the three months ended in Mar. 2024 was 118.58.
Therefore, Society Pass's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was -25.15.

Society Pass Cash Conversion Cycle Historical Data

The historical data trend for Society Pass'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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Society Pass Cash Conversion Cycle Chart

Society Pass Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

401.50

-172.13

51.64

-7.64

-20.76

Society Pass Quarterly Data
	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													-37.15	-34.56	-16.14	-27.50	-25.15

Competitive Comparison of Society Pass's Cash Conversion Cycle

For the Software - Application subindustry, Society Pass'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.

Society Pass's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Society Pass's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Society Pass's Cash Conversion Cycle falls into.

Society Pass 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.

Society Pass'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
	=	51.12	+	23.75	-	95.63
	=	-20.76

Society Pass'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
	=	66.1	+	27.33	-	118.58
	=	-25.15

Society Pass (NAS:SOPA) 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.

Society Pass Cash Conversion Cycle Related Terms

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Society Pass (Society Pass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Society Pass Inc (NAS:SOPA) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 South Carson Street, Suite 200, Carson, NV, USA, 89701

Website

https://www.thesocietypass.com

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

Executives

Nguyen Dennis Luan Thuc	director, officer: Chief Executive Officer	2740 WEST LAKE OF THE ISLES PARKWAY, MINNEAPOLIS MN 55416
Jeremy Miller	director	701 S CARSON STREET, SUITE 200, CARSON CITY NV 89701
Bien Kiat Tan	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Hien Yuki Phan	officer: Manager, Marketing	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Liang Raynauld Wee Leong	officer: CFO/Singapore Country Gen Mgr	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Cham Thi Ngo	officer: Chief Accountant/Head of Admin	P603 INTRACOM BLDG., 66 TRUNG VAN, NAM TU LIEM DISTRICT, HANOI Q1 10000
Shashi Kant Mishra	officer: Manager, IT Security/Analytics	B 611/612, NOIDAONE, B-BLOCK, SECTOR 63, NOIDA, NOIDA K7 201301
John Sebastian Mackay	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Linda Susan Cutler	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Yee Siong Tan	officer: Financial Controller	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Pamela Aw-young	officer: COO	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Gautier Loic Erwan Kevin	officer: Chief Marketing Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Brun Pierre Antoine Frank Jacques	officer: Chief Technology Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701