Pan Asia Footwear PCL's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 45.87.
Pan Asia Footwear PCL's Days Inventory for the
three
months ended in Mar. 2026 was 36.26.
Pan Asia Footwear PCL's Days Payable for the
three
months ended in Mar. 2026 was 31.96.
Therefore, Pan Asia Footwear PCL's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 50.17.
Pan Asia Footwear PCL (BKK:PAF) 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.
Pan Asia Footwear PCL Cash Conversion Cycle Related Terms
Pan Asia Footwear PCL Cash Conversion Cycle Historical Data
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The historical data trend for Pan Asia Footwear 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.
BKK:PAF vs NKE, DECK, ONON: Cash Conversion Cycle Comparison
For the Footwear & Accessories subindustry, Pan Asia Footwear 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.
Pan Asia Footwear PCL Cash Conversion Cycle vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pan Asia Footwear PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Pan Asia Footwear PCL's Cash Conversion Cycle falls into.
Pan Asia Footwear 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.
Pan Asia Footwear PCL's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 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.
Pan Asia Footwear PCL (BKK:PAF) has a Cash Conversion Cycle of 50.17 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Pan Asia Footwear PCL and its competitors.
Is Pan Asia Footwear PCL's Cash Conversion Cycle too high?
Pan Asia Footwear PCL's current Cash Conversion Cycle is 50.17. The Manufacturing - Apparel & Accessories industry median Cash Conversion Cycle is 124.19. Pan Asia Footwear PCL's value of 50.17 is 59.6% below this industry median. Overall, Pan Asia Footwear PCL has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pan Asia Footwear PCL's Cash Conversion Cycle compare to NKE and DECK?
Pan Asia Footwear PCL's Cash Conversion Cycle of 50.17 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Cash Conversion Cycle is 124.19. Pan Asia Footwear PCL's value of 50.17 is 59.6% below 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 Manufacturing - Apparel & Accessories company?
The median Cash Conversion Cycle among Manufacturing - Apparel & Accessories companies is 124.19, based on 1,034 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. Pan Asia Footwear PCL's current Cash Conversion Cycle of 50.17 is 59.6% below 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 Pan Asia Footwear PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cash Conversion Cycle is 124.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Asia Footwear PCL's current Cash Conversion Cycle is 50.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Asia Footwear PCL stock overvalued right now?
Based on GuruFocus' analysis, Pan Asia Footwear PCL (BKK:PAF) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.89, compared to a current price of ฿0.93 — trading 4.5% above its estimated fair value. The current Cash Conversion Cycle is 50.17 and 59.6% below the Manufacturing - Apparel & Accessories industry median of 124.19. Pan Asia Footwear PCL's overall GF Score™ is 54/100 with 9 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 Pan Asia Footwear PCL (BKK:PAF), the current Cash Conversion Cycle is 50.17 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 Pan Asia Footwear PCL (BKK:PAF) Overvalued in 2026?
Based on GuruFocus' analysis, Pan Asia Footwear PCL stock appears to be overvalued.
The current stock price of ฿0.93 is trading 4.5% above its estimated GF Value™ of ฿0.89.
GuruFocus considers Pan Asia Footwear PCL to be Fairly Valued.
Key valuation signals for BKK:PAF:
Cash Conversion Cycle: 50.17
GF Value™: ฿0.89 vs. price of ฿0.93 (4.5% above fair value)
Industry Position: 59.6% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the BKK:PAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan Asia Footwear PCL is engaged in Organic farming business, Manufacture, distribution and export of footwear and Distribution. Its segments include manufacture and distribution of footwear and bag, manufacture of soles and parts for footwear, Production support business, consisting of plastic parts injection, molds manufacture and repair, fabric manufacture and dyeing, and cutting board and eyelet, The organic farming business and others, and Distribution. It derives the majority of the revenue from manufacture and distribution of footwear and bag segment. It operates in geographical segments by selling both in local and oversea.
54GF Score
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