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.
Maybank Securities (Thailand) PCL Cash Conversion Cycle Related Terms
Maybank Securities (Thailand) PCL Cash Conversion Cycle Historical Data
* 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.
BKK:MST-R vs MS, GS, SCHW: Cash Conversion Cycle Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL Cash Conversion Cycle vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL'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.
* 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.
What does a Cash Conversion Cycle of 1,081.55 mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Cash Conversion Cycle of 1,081.55 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Maybank Securities (Thailand) PCL and its competitors.
Is Maybank Securities (Thailand) PCL's Cash Conversion Cycle too high?
Maybank Securities (Thailand) PCL's current Cash Conversion Cycle is 1,081.55. The Capital Markets industry median Cash Conversion Cycle is 2.25. Maybank Securities (Thailand) PCL's value of 1,081.55 is 47968.9% above this industry median. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Cash Conversion Cycle compare to MS and GS?
Maybank Securities (Thailand) PCL's Cash Conversion Cycle of 1,081.55 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 2.25. Maybank Securities (Thailand) PCL's value of 1,081.55 is 47968.9% 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 2.25, based on 637 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. Maybank Securities (Thailand) PCL's current Cash Conversion Cycle of 1,081.55 is 47968.9% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Cash Conversion Cycle is 1,081.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Cash Conversion Cycle of 1,081.55. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current Cash Conversion Cycle is 1,081.55 and 47968.9% above the Capital Markets industry median of 2.25. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Cash Conversion Cycle is 1,081.55 as of Mar. 2026. 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.
Is Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.
Key valuation signals for BKK:MST-R:
Cash Conversion Cycle: 1,081.55
GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
Industry Position: 47968.9% above the Capital Markets median
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score
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