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Glory Forever PCL (BKK:GLORY) Cash Conversion Cycle : 37.72 (As of Sep. 2024)


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What is Glory Forever PCL Cash Conversion Cycle?

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

Glory Forever PCL's Days Sales Outstanding for the three months ended in Sep. 2024 was 55.54.
Glory Forever PCL's Days Inventory for the three months ended in Sep. 2024 was 12.86.
Glory Forever PCL's Days Payable for the three months ended in Sep. 2024 was 30.68.
Therefore, Glory Forever PCL's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2024 was 37.72.


Glory Forever PCL Cash Conversion Cycle Historical Data

The historical data trend for Glory Forever PCL'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.

Glory Forever PCL Cash Conversion Cycle Chart

Glory Forever PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
-133.69 -126.19 -110.09 -54.35 3.39

Glory Forever PCL Quarterly Data
Dec19 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -8.90 5.75 12.41 19.87 37.72

Competitive Comparison of Glory Forever PCL's Cash Conversion Cycle

For the Publishing subindustry, Glory Forever PCL'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.


Glory Forever PCL's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Glory Forever PCL's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Glory Forever PCL's Cash Conversion Cycle falls into.



Glory Forever PCL 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.

Glory Forever PCL'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
=76.44+6.37-79.42
=3.39

Glory Forever PCL's Cash Conversion Cycle for the quarter that ended in Sep. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=55.54+12.86-30.68
=37.72

* 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.


Glory Forever PCL  (BKK:GLORY) 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.


Glory Forever PCL Cash Conversion Cycle Related Terms

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Glory Forever PCL Business Description

Traded in Other Exchanges
N/A
Address
20 Moo 6, Phanthainorasing Subdistrict, Mueang Samut Sakhon District, Samut Sakhon, THA, 74000
Glory Forever PCL is engaged in e-commerce, i.e. trading of products of services conducted over the internet, and online distributor of literature, including novels, comics, and online books. The main distribution channel is through the website Kawebook.com and the Kawebook application. The Group is organized into business units based on its products and services and has three reportable segments namely the E-commerce segment, i.e. trading of products or services conducted over the internet, the Residential segment, and the Sales segment.

Glory Forever PCL Headlines

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