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SNFRF (Sinofert Holdings) Cash Conversion Cycle : 16.62 (As of Jun. 2024)


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What is Sinofert Holdings Cash Conversion Cycle?

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

Sinofert Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 2.
Sinofert Holdings's Days Inventory for the six months ended in Jun. 2024 was 69.8.
Sinofert Holdings's Days Payable for the six months ended in Jun. 2024 was 55.18.
Therefore, Sinofert Holdings's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2024 was 16.62.


Sinofert Holdings Cash Conversion Cycle Historical Data

The historical data trend for Sinofert 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.

* Premium members only.

Sinofert Holdings Cash Conversion Cycle Chart

Sinofert Holdings 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 39.54 45.34 46.58 55.50 52.49

Sinofert Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 29.05 75.22 33.76 29.90 16.62

Competitive Comparison of Sinofert Holdings's Cash Conversion Cycle

For the Agricultural Inputs subindustry, Sinofert 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.


Sinofert Holdings's Cash Conversion Cycle Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinofert Holdings's Cash Conversion Cycle distribution charts can be found below:

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



Sinofert 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.

Sinofert Holdings'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
=4.1+107.74-59.35
=52.49

Sinofert Holdings's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=2+69.8-55.18
=16.62

* 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.


Sinofert Holdings  (OTCPK:SNFRF) 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.


Sinofert Holdings Cash Conversion Cycle Related Terms

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Sinofert Holdings Business Description

Traded in Other Exchanges
Address
1 Harbour Road, Units 4705, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG
Sinofert Holdings Ltd is an investment holding company engaged in the manufacturing and selling of fertilizers and related products. The company operates in two segments: Basic Business Segment, Growth Segment, and Production Segment. The Basic Business Segment is responsible for the procurement and sales of potash fertilizer, phosphate fertilizer, and sulphur. The Growth Segment is responsible for the production, procurement, and sales of Bio-compound fertilizers, special fertilizers, crop protection, and seeds. The Production Segment is responsible for the production and sales of fertilizers and MCP/DCP. The majority of its revenue comes from the Basic Business segment. Geographically, the company generates the majority of its revenue from Mainland China.

Sinofert Holdings Headlines

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