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Cang Bao Tian Xia International Art Trade Center (Cang Bao Tian Xia International Art Trade Center) Cash Conversion Cycle : -877.10 (As of Dec. 2021)


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What is Cang Bao Tian Xia International Art Trade Center Cash Conversion Cycle?

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

Cang Bao Tian Xia International Art Trade Center's Days Sales Outstanding for the three months ended in Dec. 2021 was 0.
Cang Bao Tian Xia International Art Trade Center's Days Inventory for the three months ended in Dec. 2021 was 26.15.
Cang Bao Tian Xia International Art Trade Center's Days Payable for the three months ended in Dec. 2021 was 903.25.
Therefore, Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2021 was -877.10.


Cang Bao Tian Xia International Art Trade Center Cash Conversion Cycle Historical Data

The historical data trend for Cang Bao Tian Xia International Art Trade Center'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.

Cang Bao Tian Xia International Art Trade Center Cash Conversion Cycle Chart

Cang Bao Tian Xia International Art Trade Center Annual Data
Trend Dec05 Dec06 Jun07 Jun08 Jun09 Jun10 Jun18 Jun19 Jun20 Jun21
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.85 - - -999.01 -1,262.02

Cang Bao Tian Xia International Art Trade Center Quarterly Data
Mar11 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -9,155.42 -307.84 -871.19 -877.10 -

Competitive Comparison of Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle

For the Specialty Retail subindustry, Cang Bao Tian Xia International Art Trade Center'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.


Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle falls into.



Cang Bao Tian Xia International Art Trade Center 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.

Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle for the fiscal year that ended in Jun. 2021 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=942.33+57.91-2262.26
=-1,262.02

Cang Bao Tian Xia International Art Trade Center's Cash Conversion Cycle for the quarter that ended in Dec. 2021 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+26.15-903.25
=-877.10

* 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.


Cang Bao Tian Xia International Art Trade Center  (OTCPK:TXCB) 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.


Cang Bao Tian Xia International Art Trade Center Cash Conversion Cycle Related Terms

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Cang Bao Tian Xia International Art Trade Center (Cang Bao Tian Xia International Art Trade Center) Business Description

Traded in Other Exchanges
N/A
Address
No. 61, Guoxing Avenue, Unit 609, Shengda Plaza, Meilan District, Hainan Province, Haikou, CHN, 570203
Cang Bao Tian Xia International Art Trade Center Inc is engaged in the manufacturing and distribution of gears, gearbox sand drive axles. These are marketed and sold to equipment manufacturers in China. Its products are used for making industrial, agricultural, and construction machinery, such as forklift trucks, excavators, tractors, and diesel engines.
Executives
Wei Wang 10 percent owner NO. 14, LANE 1, DONGXIAO CITY, CHONGWEN DISTRICT, BEIJING F4 0000000
Liang Tan director NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000
Yaqin Fu 10 percent owner NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000
Xingtao Zhou director, 10 percent owner, officer: CEO and CFO 5-1-1206 HEFENG JIANGAN, NIANQUING ROAD MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE F4 00000
Ruihua International Ltd 10 percent owner PO BOX 83, DES PLAINES IL 60016
Jayhawk Capital Management Llc other: 13(d) group owning > 10% 13021 W 74TH ST, SHAWNEE KS 66216
Jayhawk Private Equity Gp, L.p. other: 13(d) group owning > 10% 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Co Invest Fund Lp other: 13(d) group owning > 10% 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Fund L P other: 13(d) group owning > 10% 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Kent C Mccarthy 10 percent owner, other: 13(d) group owning > 10% 930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451
Pinnacle China Fund, L.p. 10 percent owner 4965 PRESTON PARK BLVD., SUITE 240, PLANO TX 75093
Philip Widmann officer: Senior Vice President C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705
Jason Lu director, officer: Chief Executive Officer C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705
Ming He officer: Chief Financial Officer NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Haining Liu director C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705

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