Lever Style (HKSE:01346) Cash Conversion Cycle : 59.72 (As of Dec. 2023)

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What is Lever Style Cash Conversion Cycle?

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

Lever Style's Days Sales Outstanding for the six months ended in Dec. 2023 was 62.1.
Lever Style's Days Inventory for the six months ended in Dec. 2023 was 39.11.
Lever Style's Days Payable for the six months ended in Dec. 2023 was 41.49.
Therefore, Lever Style's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 59.72.

Lever Style Cash Conversion Cycle Historical Data

The historical data trend for Lever Style'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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Lever Style Cash Conversion Cycle Chart

Lever Style Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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46.05

68.79

48.45

37.55

48.61

Lever Style Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial								46.06	47.52	35.93	51.23	59.72

Competitive Comparison of Lever Style's Cash Conversion Cycle

For the Apparel Manufacturing subindustry, Lever Style'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.

Lever Style's Cash Conversion Cycle Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lever Style's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Lever Style's Cash Conversion Cycle falls into.

Lever Style 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.

Lever Style's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	56.62	+	37.7	-	45.71
	=	48.61

Lever Style'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
	=	62.1	+	39.11	-	41.49
	=	59.72

Lever Style (HKSE:01346) 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.

Lever Style Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Lever Style's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.

Lever Style (HKSE:01346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lever Style Corp (HKSE:01346) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Hing Yip Street, Wing Tai Centre, 7th Floor, Room 76, Flat A, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.leverstyle.com

Lever Style Corp engages in apparel manufacturing. The firm offers a wide range of product categories for both men and women. Its product line comprises shirts, bottoms, suits, outwear, and other products out of which sale of shirts derives the majority revenue. Geographically, the United States of America contributes majority of the firm's revenue.

Executives

Imaginative Company Limited	2201 Interest of corporation controlled by you
Lever Style Holdings Limited	2101 Beneficial owner
Szeto Chi Yan Stanley	2201 Interest of corporation controlled by you
Fung Capital Limited	2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited	2301 Trustee
Fung Portfolio Limited	2201 Interest of corporation controlled by you
Fung Kwok Lun William	2201 Interest of corporation controlled by you
Jing Lun Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Feng Shi Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Poolside Ventures Limited	2201 Interest of corporation controlled by you
Kci Limited	2201 Interest of corporation controlled by you
Fung Trinity Holdings Limited	2101 Beneficial owner
Fong Tong	2201 Interest of corporation controlled by you

Lever Style (HKSE:01346) Headlines

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