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Miramar Hotel & Investment Co (HKSE:00071) 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.
Miramar Hotel & Investment Co Cash Conversion Cycle Related Terms
Miramar Hotel & Investment Co Cash Conversion Cycle Historical Data
* 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.
Miramar Hotel & Investment Co Cash Conversion Cycle Chart
HKSE:00071 vs BKNG, ABNB, RCL: Cash Conversion Cycle Comparison
For the Travel Services subindustry, Miramar Hotel & Investment Co'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.
Miramar Hotel & Investment Co Cash Conversion Cycle vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Miramar Hotel & Investment Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Miramar Hotel & Investment Co's Cash Conversion Cycle falls into.
Miramar Hotel & Investment Co 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.
* 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.
Miramar Hotel & Investment Co (HKSE:00071) has a Cash Conversion Cycle of 18.81 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Miramar Hotel & Investment Co and its competitors.
Is Miramar Hotel & Investment Co's Cash Conversion Cycle too high?
Miramar Hotel & Investment Co's current Cash Conversion Cycle is 18.81. The Travel & Leisure industry median Cash Conversion Cycle is 9.40. Miramar Hotel & Investment Co's value of 18.81 is 100.1% above this industry median. Overall, Miramar Hotel & Investment Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Miramar Hotel & Investment Co's Cash Conversion Cycle compare to BKNG and ABNB?
Miramar Hotel & Investment Co's Cash Conversion Cycle of 18.81 can be compared against companies in the Travel & Leisure industry. The industry median Cash Conversion Cycle is 9.40. Miramar Hotel & Investment Co's value of 18.81 is 100.1% 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 Travel & Leisure company?
The median Cash Conversion Cycle among Travel & Leisure companies is 9.40, based on 839 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. Miramar Hotel & Investment Co's current Cash Conversion Cycle of 18.81 is 100.1% 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 Miramar Hotel & Investment Co and its competitors. For the Travel & Leisure industry, the median Cash Conversion Cycle is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miramar Hotel & Investment Co's current Cash Conversion Cycle is 18.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miramar Hotel & Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Miramar Hotel & Investment Co (HKSE:00071) is currently considered Fairly Valued. The stock's GF Value™ is HK$10.87, compared to a current price of HK$10.09 — trading 7.2% below its estimated fair value. The current Cash Conversion Cycle is 18.81 and 100.1% above the Travel & Leisure industry median of 9.40. Miramar Hotel & Investment Co's overall GF Score™ is 82/100 with 4 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 Miramar Hotel & Investment Co (HKSE:00071), the current Cash Conversion Cycle is 18.81 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 Miramar Hotel & Investment Co (HKSE:00071) Overvalued in 2026?
Based on GuruFocus' analysis, Miramar Hotel & Investment Co stock appears to be undervalued.
The current stock price of HK$10.09 is trading 7.2% below its estimated GF Value™ of HK$10.87.
GuruFocus considers Miramar Hotel & Investment Co to be Fairly Valued.
Key valuation signals for HKSE:00071:
Cash Conversion Cycle: 18.81
GF Value™: HK$10.87 vs. price of HK$10.09 (7.2% below fair value)
Industry Position: 100.1% above the Travel & Leisure median
No single metric tells the full story. See the HKSE:00071 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miramar Hotel & Investment Co Ltd is an investment holding company. Along with its subsidiaries it operates in five reportbale segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provides hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in providing travel agency services; and Others. Maximum revenue for the group is generated from the Travel operation segment. Geographically, it generates maximum revenue from the Hong Kong Special Administrative Region, followed by the People's Republic of China, and United Kingdom.
82GF Score
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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