China Merchants Commercial REIT (FRA:5C3) Cash Conversion Cycle: -137.66 (As of Dec. 2025)


FRA:5C3 China Merchants Commercial REIT FRA:5C3
72 GF Score
Price €0.10
GF Value €0.11
! 7 Warning Signs
View Full Analysis

What is China Merchants Commercial REIT Cash Conversion Cycle?

China Merchants Commercial REIT FRA:5C3 +0.98% 72 Cash Conversion Cycle is -137.66 as of Dec. 2025. GuruFocus rates FRA:5C3 with a GF Score™ of 72/100 and a GF Value™ of €0.11. The stock has 7 warning signs investors should review.

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

China Merchants Commercial REIT's Days Sales Outstanding for the six months ended in Dec. 2025 was 7.85.
China Merchants Commercial REIT's Days Inventory for the six months ended in Dec. 2025 was 0.
China Merchants Commercial REIT's Days Payable for the six months ended in Dec. 2025 was 145.51.
Therefore, China Merchants Commercial REIT's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2025 was -137.66.


China Merchants Commercial REIT  (FRA:5C3) 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.


China Merchants Commercial REIT Cash Conversion Cycle Related Terms


China Merchants Commercial REIT Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for China Merchants Commercial REIT'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.

China Merchants Commercial REIT Cash Conversion Cycle Chart

China Merchants Commercial REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -49.72 -73.59 -108.43 -115.48 -127.10

China Merchants Commercial REIT Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -104.53 -87.22 -99.39 -134.40 -137.66

FRA:5C3 vs BXP, ARE, VNO: Cash Conversion Cycle Comparison

For the REIT - Office subindustry, China Merchants Commercial REIT'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.


China Merchants Commercial REIT Cash Conversion Cycle vs REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial REIT's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial REIT's Cash Conversion Cycle falls into.


FRA:5C3
72GF Score
China Merchants Commercial REIT FRA:5C3
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Merchants Commercial REIT 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.

China Merchants Commercial REIT's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=3.34+0-130.44
=-127.10

China Merchants Commercial REIT's Cash Conversion Cycle for the quarter that ended in Dec. 2025 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=7.85+0-145.51
=-137.66

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of -137.66 mean?
China Merchants Commercial REIT (FRA:5C3) has a Cash Conversion Cycle of -137.66 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on China Merchants Commercial REIT and its competitors.
Is China Merchants Commercial REIT's Cash Conversion Cycle too high?
China Merchants Commercial REIT's current Cash Conversion Cycle is -137.66. Overall, China Merchants Commercial REIT has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does China Merchants Commercial REIT's Cash Conversion Cycle compare to BXP and ARE?
China Merchants Commercial REIT's Cash Conversion Cycle of -137.66 can be compared against companies in the REITs industry. 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 REITs company?
A good Cash Conversion Cycle depends on the REITs industry context. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 China Merchants Commercial REIT and its competitors. China Merchants Commercial REIT's current Cash Conversion Cycle is -137.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Commercial REIT stock overvalued right now?
China Merchants Commercial REIT (FRA:5C3) has a current Cash Conversion Cycle of -137.66. The stock's GF Value™ is €0.11, compared to a current price of €0.10 — trading 6.4% below its estimated fair value. The current Cash Conversion Cycle is -137.66. China Merchants Commercial REIT's overall GF Score™ is 72/100 with 7 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 China Merchants Commercial REIT (FRA:5C3), the current Cash Conversion Cycle is -137.66 as of Dec. 2025. 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 China Merchants Commercial REIT (FRA:5C3) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Commercial REIT stock appears to be undervalued. The current stock price of €0.10 is trading 6.4% below its estimated GF Value™ of €0.11.

Key valuation signals for FRA:5C3:

  • Cash Conversion Cycle: -137.66
  • GF Value™: €0.11 vs. price of €0.10 (6.4% below fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the FRA:5C3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Merchants Commercial REIT Business Description

Industry Real EstateREITs
Other Exchanges 01503:Hong Kong
Address Connaught Road Central, Room 2603-2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG, 168-200
China Merchants Commercial REIT and its subsidiaries are engaged in the property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre ,Onward Science And Trade Center and Technology Building 2 among others.
72GF Score

Get the complete analysis for FRA:5C3

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.10
Price
€0.11
GF Value