Bit Brother's Days Sales Outstanding for the
six
months ended in Jun. 2023 was 0.73.
Bit Brother's Days Inventory for the
six
months ended in Jun. 2023 was 8.09.
Bit Brother's Days Payable for the
six
months ended in Jun. 2023 was 2.95.
Therefore, Bit Brother's Cash Conversion Cycle (CCC) for the
six
months ended in Jun. 2023 was 5.87.
Bit Brother (OTCPK:BETSF) 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.
Bit Brother Cash Conversion Cycle Related Terms
Bit Brother Cash Conversion Cycle Historical Data
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The historical data trend for Bit Brother'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.
BETSF vs BTCS, MIGI, ATIF: Cash Conversion Cycle Comparison
For the Capital Markets subindustry, Bit Brother'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.
Bit Brother Cash Conversion Cycle vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bit Brother's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Bit Brother's Cash Conversion Cycle falls into.
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.
Bit Brother's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Bit Brother (BETSF) has a Cash Conversion Cycle of 5.87 as of Jun. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Bit Brother and its competitors.
Is Bit Brother's Cash Conversion Cycle too high?
Bit Brother's current Cash Conversion Cycle is 5.87. The Capital Markets industry median Cash Conversion Cycle is 1.64. Bit Brother's value of 5.87 is 259% above this industry median. Overall, Bit Brother has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Bit Brother's Cash Conversion Cycle compare to BTCS and MIGI?
Bit Brother's Cash Conversion Cycle of 5.87 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 1.64. Bit Brother's value of 5.87 is 259% above this benchmark. 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 1.64, 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. Bit Brother's current Cash Conversion Cycle of 5.87 is 259% above the industry median. 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 Bit Brother and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bit Brother's current Cash Conversion Cycle is 5.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bit Brother stock overvalued right now?
Bit Brother (BETSF) has a current Cash Conversion Cycle of 5.87. The current Cash Conversion Cycle is 5.87 and 259% above the Capital Markets industry median of 1.64. Bit Brother's overall GF Score™ is 16/100. 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 Bit Brother (BETSF), the current Cash Conversion Cycle is 5.87 as of Jun. 2023. 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.
Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.
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