Yoong Onn Bhd (XKLS:5159) Cash Conversion Cycle

: 54.13 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

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

Yoong Onn Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 54.13.
Yoong Onn Bhd's Days Inventory for the three months ended in Dec. 2023 was 0.
Yoong Onn Bhd's Days Payable for the three months ended in Dec. 2023 was 0.
Therefore, Yoong Onn Bhd's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 54.13.

Yoong Onn Bhd Cash Conversion Cycle Historical Data

The historical data trend for Yoong Onn Bhd'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.

Yoong Onn Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash Conversion Cycle

266.46

301.44

280.01

247.24

249.55

Yoong Onn Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Conversion Cycle																54.78	61.84	61.38	54.00	54.13

Competitive Comparison

For the Textile Manufacturing subindustry, Yoong Onn Bhd'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.

Yoong Onn Bhd Cash Conversion Cycle Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yoong Onn Bhd's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Yoong Onn Bhd's Cash Conversion Cycle falls into.

Yoong Onn Bhd 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.

Yoong Onn Bhd's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	46.42	+	207.29	-	4.16
	=	249.55

Yoong Onn Bhd's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	54.13	+	0	-	0
	=	54.13

Yoong Onn Bhd (XKLS:5159) 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.

Yoong Onn Bhd Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Yoong Onn Bhd's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.

Yoong Onn Bhd (XKLS:5159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yoong Onn Corp Bhd (XKLS:5159) » Definitions » Cash Conversion Cycle

Traded in Other Exchanges

N/A

Address

Jalan Permata 2, Lot No. PT 16690-16692, Arab-Malaysian Industrial Park, Nilai, NSN, MYS, 71800

Website

https://www.yoongonn.com

Yoong Onn Corp Bhd is an integrated designer, manufacturer, distributor, and retailer of home linen and bedding accessories. It also supplies bedding and bath linen and accessories to hospitality-based institutions, including military accommodations, cruise ships, hospitals, and royal customs. The company is organized into three principal operating divisions, Manufacturing; Distribution and Trading; and Retailing. Its primary geographic markets are Malaysia, Singapore, Vietnam, and others. Malaysia contributes to the vast majority of total revenue. The company generates maximum revenue from the Distribution and Trading segment.

Yoong Onn Bhd (XKLS:5159) Headlines

No Headlines