Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Thai Optical Group PCL's Days Sales Outstanding for the
three
months ended in Jun. 2026 was 59.44.
Thai Optical Group PCL's Days Inventory for the
three
months ended in Jun. 2026 was 229.
Thai Optical Group PCL's Days Payable for the
three
months ended in Jun. 2026 was 37.57.
Therefore, Thai Optical Group PCL's Cash Conversion Cycle (CCC) for the
three
months ended in Jun. 2026 was 250.87.
Thai Optical Group PCL (BKK:TOG) 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.
Thai Optical Group PCL Cash Conversion Cycle Related Terms
Thai Optical Group PCL Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Thai Optical Group 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.
Thai Optical Group PCL Cash Conversion Cycle Chart
BKK:TOG vs ISRG, BDX, MDLN: Cash Conversion Cycle Comparison
For the Medical Instruments & Supplies subindustry, Thai Optical Group 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.
Thai Optical Group PCL Cash Conversion Cycle vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Thai Optical Group PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thai Optical Group PCL's Cash Conversion Cycle falls into.
Thai Optical Group 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.
Thai Optical Group 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.
Thai Optical Group PCL (BKK:TOG) has a Cash Conversion Cycle of 250.87 as of Jun. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thai Optical Group PCL and its competitors.
Is Thai Optical Group PCL's Cash Conversion Cycle too high?
Thai Optical Group PCL's current Cash Conversion Cycle is 250.87. The Medical Devices & Instruments industry median Cash Conversion Cycle is 158.14. Thai Optical Group PCL's value of 250.87 is 58.6% above this industry median. Overall, Thai Optical Group PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Optical Group PCL's Cash Conversion Cycle compare to ISRG and BDX?
Thai Optical Group PCL's Cash Conversion Cycle of 250.87 can be compared against companies in the Medical Devices & Instruments industry. The industry median Cash Conversion Cycle is 158.14. Thai Optical Group PCL's value of 250.87 is 58.6% 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 Devices & Instruments company?
The median Cash Conversion Cycle among Medical Devices & Instruments companies is 158.14, based on 817 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. Thai Optical Group PCL's current Cash Conversion Cycle of 250.87 is 58.6% 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 Thai Optical Group PCL and its competitors. For the Medical Devices & Instruments industry, the median Cash Conversion Cycle is 158.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Optical Group PCL's current Cash Conversion Cycle is 250.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Optical Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Optical Group PCL (BKK:TOG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿9.76, compared to a current price of ฿7.30 — trading 25.2% below its estimated fair value. The current Cash Conversion Cycle is 250.87 and 58.6% above the Medical Devices & Instruments industry median of 158.14. Thai Optical Group PCL's overall GF Score™ is 89/100 with 5 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 Thai Optical Group PCL (BKK:TOG), the current Cash Conversion Cycle is 250.87 as of Jun. 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 Thai Optical Group PCL (BKK:TOG) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Optical Group PCL stock appears to be undervalued.
The current stock price of ฿7.30 is trading 25.2% below its estimated GF Value™ of ฿9.76.
GuruFocus considers Thai Optical Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:TOG:
Cash Conversion Cycle: 250.87
GF Value™: ฿9.76 vs. price of ฿7.30 (25.2% below fair value)
Industry Position: 58.6% above the Medical Devices & Instruments median
No single metric tells the full story. See the BKK:TOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Optical Group PCL is engaged in the manufacturing and distribution of plastic lenses and related products. The company's products include Organic lenses, Mineral lenses, and Prescription Lenses. It has two reporting segments: Plastic and glass lens, which produce and sell optical lenses; Other products and services which are the sale of the glass mold, trading goods purchased for resale, glasses assembly services, and surface treatments. The majority of the revenue is generated from the plastic and glass lens segment. The company also operates in Europe, Australia, Asia and Pacific, America, Africa, and the Middle East. The majority of revenue is from America.
89GF Score
Get the complete analysis for BKK:TOG
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TOG has been successfully added to your 
