GGL (Games Global) Cash Conversion Cycle: 0.00 (As of Dec. 2023)


What is Games Global Cash Conversion Cycle?

Games Global GGL Cash Conversion Cycle is 0.00 as of Dec. 2023.

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

Games Global's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.
Games Global's Days Inventory for the three months ended in Dec. 2023 was 0.
Games Global's Days Payable for the three months ended in Dec. 2023 was 0.
Therefore, Games Global's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 0.00.

Games Global  (NYSE:GGL) 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.

Games Global Cash Conversion Cycle Related Terms

Games Global Cash Conversion Cycle Historical Data

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The historical data trend for Games Global'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.

Games Global Cash Conversion Cycle Chart

Games Global Annual Data
Trend Mar21 Mar22 Mar23
Cash Conversion Cycle
0.00 2.41 -11.36

Games Global Quarterly Data
Mar22 Dec22 Mar23 Dec23
Cash Conversion Cycle 0.00 0.00 11.94 0.00

GGL vs : Cash Conversion Cycle Comparison

For the Electronic Gaming & Multimedia subindustry, Games Global'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.

Games Global Cash Conversion Cycle vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Games Global's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Games Global's Cash Conversion Cycle falls into.


Games Global 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.

Games Global's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=54.62+0-65.98
=-11.36

Games Global's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+0-0
=0.00

* 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 0.00 mean?
Games Global (GGL) has a Cash Conversion Cycle of 0.00 as of Dec. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Games Global and its competitors.
Is Games Global's Cash Conversion Cycle too high?
Games Global's current Cash Conversion Cycle is 0.00.
How does Games Global's Cash Conversion Cycle compare to ?
Games Global's Cash Conversion Cycle of 0.00 can be compared against companies in the Interactive Media industry. The industry median Cash Conversion Cycle is 18.31. 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 an Interactive Media company?
The median Cash Conversion Cycle among Interactive Media companies is 18.31, based on 548 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. 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 Games Global and its competitors. For the Interactive Media industry, the median Cash Conversion Cycle is 18.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Global's current Cash Conversion Cycle is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Global stock overvalued right now?
Games Global (GGL) has a current Cash Conversion Cycle of 0.00. The current Cash Conversion Cycle is 0.00. 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 Games Global (GGL), the current Cash Conversion Cycle is 0.00 as of Dec. 2023. 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.

Games Global Business Description

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Address 62 Circular Road, Douglas, IMN, IM1 1LA
Games Global Ltd is a company that primarily works on developing, holding, and exploiting gaming-related intellectual property, as well as creating casino-style gaming content and business-to-business solutions for iGaming operators in regulated markets around the world, based on the size of its studio network.