Techno Medical PCL's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 123.88.
Techno Medical PCL's Days Inventory for the
three
months ended in Mar. 2026 was 131.12.
Techno Medical PCL's Days Payable for the
three
months ended in Mar. 2026 was 53.4.
Therefore, Techno Medical PCL's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 201.60.
Techno Medical PCL (BKK:TM-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.
Techno Medical PCL Cash Conversion Cycle Related Terms
Techno Medical PCL Cash Conversion Cycle Historical Data
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The historical data trend for Techno Medical 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:TM-R vs MCK, COR, CAH: Cash Conversion Cycle Comparison
For the Medical Distribution subindustry, Techno Medical 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.
Techno Medical PCL Cash Conversion Cycle vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Techno Medical PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Techno Medical PCL's Cash Conversion Cycle falls into.
Techno Medical 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.
Techno Medical 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.
Techno Medical PCL (BKK:TM-R) has a Cash Conversion Cycle of 201.60 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Techno Medical PCL and its competitors.
Is Techno Medical PCL's Cash Conversion Cycle too high?
Techno Medical PCL's current Cash Conversion Cycle is 201.60. The Medical Distribution industry median Cash Conversion Cycle is 56.66. Techno Medical PCL's value of 201.60 is 255.8% above this industry median. Overall, Techno Medical PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Techno Medical PCL's Cash Conversion Cycle compare to MCK and COR?
Techno Medical PCL's Cash Conversion Cycle of 201.60 can be compared against companies in the Medical Distribution industry. The industry median Cash Conversion Cycle is 56.66. Techno Medical PCL's value of 201.60 is 255.8% 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 Medical Distribution company?
The median Cash Conversion Cycle among Medical Distribution companies is 56.66, based on 119 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. Techno Medical PCL's current Cash Conversion Cycle of 201.60 is 255.8% 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 Techno Medical PCL and its competitors. For the Medical Distribution industry, the median Cash Conversion Cycle is 56.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Medical PCL's current Cash Conversion Cycle is 201.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Medical PCL stock overvalued right now?
Techno Medical PCL (BKK:TM-R) has a current Cash Conversion Cycle of 201.60. The stock's GF Value™ is ฿3.03, compared to a current price of ฿2.32 — trading 23.4% below its estimated fair value. The current Cash Conversion Cycle is 201.60 and 255.8% above the Medical Distribution industry median of 56.66. Techno Medical PCL's overall GF Score™ is 74/100 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 Techno Medical PCL (BKK:TM-R), the current Cash Conversion Cycle is 201.60 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 Techno Medical PCL (BKK:TM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Medical PCL stock appears to be undervalued.
The current stock price of ฿2.32 is trading 23.4% below its estimated GF Value™ of ฿3.03.
Key valuation signals for BKK:TM-R:
Cash Conversion Cycle: 201.60
GF Value™: ฿3.03 vs. price of ฿2.32 (23.4% below fair value)
Industry Position: 255.8% above the Medical Distribution median
No single metric tells the full story. See the BKK:TM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies, Sales of Medical Equipment and Instruments and Services related to Nursing Care. Maximum of revenue is Sales of Disposable Equipment and Supplies.
74GF Score
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