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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Cash Conversion Cycle : -196.60 (As of Mar. 2024)


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What is Asia-Potash International Investment (Guangzhou) Co Cash Conversion Cycle?

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

Asia-Potash International Investment (Guangzhou) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 9.62.
Asia-Potash International Investment (Guangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 140.01.
Asia-Potash International Investment (Guangzhou) Co's Days Payable for the three months ended in Mar. 2024 was 346.23.
Therefore, Asia-Potash International Investment (Guangzhou) Co's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was -196.60.


Asia-Potash International Investment (Guangzhou) Co Cash Conversion Cycle Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co Cash Conversion Cycle Chart

Asia-Potash International Investment (Guangzhou) 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 -95.06 -89.84 -174.44 -118.41 -127.99

Asia-Potash International Investment (Guangzhou) 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 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 -126.09 -71.09 -75.24 -111.17 -196.60

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's Cash Conversion Cycle

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.


Asia-Potash International Investment (Guangzhou) Co's Cash Conversion Cycle Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Cash Conversion Cycle falls into.



Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) 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
=8.72+68.73-205.44
=-127.99

Asia-Potash International Investment (Guangzhou) 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
=9.62+140.01-346.23
=-196.60

* 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.


Asia-Potash International Investment (Guangzhou) Co  (SZSE:000893) 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.


Asia-Potash International Investment (Guangzhou) Co Cash Conversion Cycle Related Terms

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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Traded in Other Exchanges
N/A
Address
No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330
Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.
Executives
Chen Xue Ping Executives
Yu Long Executives
Lai Ning Chang Director
Li Chao Bo Supervisors
Jiang Yi Director
Xu Ji Ping Director
Ma Kai Directors, executives
Hou Xun Tian Director
Tian Yan Directors, executives
Xu Jian Fei Executives
Shi Ge Yan Executives
Rao Zhi Long Directors, executives
Liu Jie Executives

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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