AXG (Solowin Holdings) Cash Conversion Cycle: -79.68 (As of Sep. 2025)


AXG Solowin Holdings Ltd AXG
12 GF Score
Price $3.26
! 7 Warning Signs
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What is Solowin Holdings Cash Conversion Cycle?

Solowin Holdings AXG 12 Cash Conversion Cycle is -79.68 as of Sep. 2025. GuruFocus rates AXG with a GF Score™ of 12/100. The stock has 7 warning signs investors should review.

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

Solowin Holdings's Days Sales Outstanding for the six months ended in Sep. 2025 was 86.65.
Solowin Holdings's Days Inventory for the six months ended in Sep. 2025 was 0.
Solowin Holdings's Days Payable for the six months ended in Sep. 2025 was 166.33.
Therefore, Solowin Holdings's Cash Conversion Cycle (CCC) for the six months ended in Sep. 2025 was -79.68.


Solowin Holdings  (NAS:AXG) 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.


Solowin Holdings Cash Conversion Cycle Related Terms


Solowin Holdings Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Solowin 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.

Solowin Holdings Cash Conversion Cycle Chart

Solowin Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Cash Conversion Cycle
-12,336.95 -1,490.51 -1,904.28 -1,551.98 -487.45

Solowin Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,176.87 -1,111.06 -653.74 -551.71 -79.68

AXG vs BTGO, BTBT, RHNO: Cash Conversion Cycle Comparison

For the Capital Markets subindustry, Solowin 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.


Solowin Holdings Cash Conversion Cycle vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Solowin Holdings's Cash Conversion Cycle distribution charts can be found below:

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


AXG
12GF Score
Solowin Holdings Ltd AXG
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Solowin 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.

Solowin Holdings's Cash Conversion Cycle for the fiscal year that ended in Mar. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=196.2+0-683.65
=-487.45

Solowin Holdings's Cash Conversion Cycle for the quarter that ended in Sep. 2025 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=86.65+0-166.33
=-79.68

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of -79.68 mean?
Solowin Holdings (AXG) has a Cash Conversion Cycle of -79.68 as of Sep. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Solowin Holdings and its competitors.
Is Solowin Holdings' Cash Conversion Cycle too high?
Solowin Holdings' current Cash Conversion Cycle is -79.68. Overall, Solowin Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Solowin Holdings' Cash Conversion Cycle compare to BTGO and BTBT?
Solowin Holdings' Cash Conversion Cycle of -79.68 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 1.69. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Capital Markets company?
The median Cash Conversion Cycle among Capital Markets companies is 1.69, based on 640 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Solowin Holdings and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solowin Holdings's current Cash Conversion Cycle is -79.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solowin Holdings stock overvalued right now?
Solowin Holdings (AXG) has a current Cash Conversion Cycle of -79.68. The current Cash Conversion Cycle is -79.68. Solowin Holdings' overall GF Score™ is 12/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Solowin Holdings (AXG), the current Cash Conversion Cycle is -79.68 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Solowin Holdings Business Description

Address 33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
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