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Mobicon Group (HKSE:01213) Cash Conversion Cycle : 255.86 (As of Sep. 2024)


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What is Mobicon Group Cash Conversion Cycle?

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

Mobicon Group's Days Sales Outstanding for the six months ended in Sep. 2024 was 32.08.
Mobicon Group's Days Inventory for the six months ended in Sep. 2024 was 248.05.
Mobicon Group's Days Payable for the six months ended in Sep. 2024 was 24.27.
Therefore, Mobicon Group's Cash Conversion Cycle (CCC) for the six months ended in Sep. 2024 was 255.86.


Mobicon Group Cash Conversion Cycle Historical Data

The historical data trend for Mobicon Group'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.

* Premium members only.

Mobicon Group Cash Conversion Cycle Chart

Mobicon Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.18 190.86 190.50 217.31 230.53

Mobicon Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 Premium Member Only Premium Member Only 213.65 219.42 216.52 248.71 255.86

Competitive Comparison of Mobicon Group's Cash Conversion Cycle

For the Electronics & Computer Distribution subindustry, Mobicon Group'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.


Mobicon Group's Cash Conversion Cycle Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mobicon Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Mobicon Group's Cash Conversion Cycle falls into.



Mobicon Group 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.

Mobicon Group's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=35.05+228.5-33.02
=230.53

Mobicon Group's Cash Conversion Cycle for the quarter that ended in Sep. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=32.08+248.05-24.27
=255.86

* 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.


Mobicon Group  (HKSE:01213) 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.


Mobicon Group Cash Conversion Cycle Related Terms

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Mobicon Group Business Description

Traded in Other Exchanges
N/A
Address
704 Prince Edward Road East, 7th Floor, New Trend Centre, San Po Kong, Kowloon, Hong Kong, HKG
Mobicon Group Ltd is a Hong Kong-based investment holding company principally engaged in the electronic trading business. The company operates through three business segments. The Electronic Trading Business segment which derives key revenue, is engaged in the distribution of electronic components, automation parts, and equipment. The Computer Business segment is engaged in the retail of computer products, mobile accessories; distribution of computer products; provision of information technology (IT) outsourcing, and solution services. The Cosmetic and Online Retail Business segment is engaged in the retail and distribution of cosmetic products. Geographically, it derives key revenue from Hong Kong and also has a presence in the Asia Pacific, South Africa, Europe, and other countries.

Mobicon Group Headlines

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