Workpoint Entertainment PCL (BKK:WORK) Cash Conversion Cycle : 36.04 (As of Dec. 2024)

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What is Workpoint Entertainment PCL Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Workpoint Entertainment PCL's Days Sales Outstanding for the three months ended in Dec. 2024 was 31.89.
Workpoint Entertainment PCL's Days Inventory for the three months ended in Dec. 2024 was 32.69.
Workpoint Entertainment PCL's Days Payable for the three months ended in Dec. 2024 was 28.54.
Therefore, Workpoint Entertainment PCL's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2024 was 36.04.

Workpoint Entertainment PCL Cash Conversion Cycle Historical Data

The historical data trend for Workpoint Entertainment 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.

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Workpoint Entertainment PCL Cash Conversion Cycle Chart

Workpoint Entertainment PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash Conversion Cycle

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51.48

41.75

46.44

49.31

42.30

Workpoint Entertainment PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash Conversion Cycle	Get a 7-Day Free Trial															42.67	30.93	19.46	41.95	36.04

Competitive Comparison of Workpoint Entertainment PCL's Cash Conversion Cycle

For the Entertainment subindustry, Workpoint Entertainment 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.

Workpoint Entertainment PCL's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Workpoint Entertainment PCL's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Workpoint Entertainment PCL's Cash Conversion Cycle falls into.

Workpoint Entertainment 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.

Workpoint Entertainment PCL's Cash Conversion Cycle for the fiscal year that ended in Dec. 2024 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	45.58	+	30.64	-	33.92
	=	42.30

Workpoint Entertainment PCL's Cash Conversion Cycle for the quarter that ended in Dec. 2024 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	31.89	+	32.69	-	28.54
	=	36.04

Workpoint Entertainment PCL (BKK:WORK) 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.

Workpoint Entertainment PCL Cash Conversion Cycle Related Terms

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Workpoint Entertainment PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Workpoint Entertainment PCL (BKK:WORK) » Definitions » Cash Conversion Cycle

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WORK-R:Thailand

Address

99 Moo 2, Tambon Bang Poon, Amphoe Muang Pathum Thani, Pathum thani, THA, 12000

Website

https://www.workpoint.co.th

Workpoint Entertainment PCL is a broadcast television company. The activities of the Group are digital television broadcasting and the production of television programs, animation and computer graphics, movies, concerts and plays, event marketing and sale of goods and services related to the businesses. The company has five segments which are Business of television programs, Business of movies, Business of concerts and plays, Business of event marketing and Business of sale of goods and rendering of other services. It derives majority of the revenue from Business of television programs segment.