Thantawan Industry PCL's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 50.02.
Thantawan Industry PCL's Days Inventory for the
three
months ended in Mar. 2026 was 113.52.
Thantawan Industry PCL's Days Payable for the
three
months ended in Mar. 2026 was 61.81.
Therefore, Thantawan Industry PCL's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 101.73.
Thantawan Industry PCL (BKK:THIP-R) 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.
Thantawan Industry PCL Cash Conversion Cycle Related Terms
Thantawan Industry PCL Cash Conversion Cycle Historical Data
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The historical data trend for Thantawan Industry 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.
Thantawan Industry PCL Cash Conversion Cycle Chart
BKK:THIP-R vs SW, PKG, AMCR: Cash Conversion Cycle Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Cash Conversion Cycle vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thantawan Industry PCL's Cash Conversion Cycle falls into.
Thantawan Industry 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.
Thantawan Industry 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.
Thantawan Industry PCL (BKK:THIP-R) has a Cash Conversion Cycle of 101.73 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thantawan Industry PCL and its competitors.
Is Thantawan Industry PCL's Cash Conversion Cycle too high?
Thantawan Industry PCL's current Cash Conversion Cycle is 101.73. The Packaging & Containers industry median Cash Conversion Cycle is 86.98. Thantawan Industry PCL's value of 101.73 is 17% above this industry median. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Cash Conversion Cycle compare to SW and PKG?
Thantawan Industry PCL's Cash Conversion Cycle of 101.73 can be compared against companies in the Packaging & Containers industry. The industry median Cash Conversion Cycle is 86.98. Thantawan Industry PCL's value of 101.73 is 17% 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 Packaging & Containers company?
The median Cash Conversion Cycle among Packaging & Containers companies is 86.98, based on 393 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. Thantawan Industry PCL's current Cash Conversion Cycle of 101.73 is 17% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Cash Conversion Cycle is 86.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Cash Conversion Cycle is 101.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Cash Conversion Cycle of 101.73. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Cash Conversion Cycle is 101.73 and 17% above the Packaging & Containers industry median of 86.98. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Cash Conversion Cycle is 101.73 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
Cash Conversion Cycle: 101.73
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
Industry Position: 17% above the Packaging & Containers median
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
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