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First Service Holding's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 114.9.
First Service Holding's Days Inventory for the
six
months ended in Dec. 2025 was 0.42.
First Service Holding's Days Payable for the
six
months ended in Dec. 2025 was 58.39.
Therefore, First Service Holding's Cash Conversion Cycle (CCC) for the
six
months ended in Dec. 2025 was 56.93.
First Service Holding (HKSE:02107) 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.
First Service Holding Cash Conversion Cycle Related Terms
First Service Holding Cash Conversion Cycle Historical Data
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The historical data trend for First Service Holding'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.
HKSE:02107 vs CBRE, BEKE, JLL: Cash Conversion Cycle Comparison
For the Real Estate Services subindustry, First Service Holding'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.
First Service Holding Cash Conversion Cycle vs Real Estate Industry
For the Real Estate industry and Real Estate sector, First Service Holding's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where First Service Holding's Cash Conversion Cycle falls into.
First Service Holding 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.
First Service Holding's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
First Service Holding (HKSE:02107) has a Cash Conversion Cycle of 56.93 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on First Service Holding and its competitors.
Is First Service Holding's Cash Conversion Cycle too high?
First Service Holding's current Cash Conversion Cycle is 56.93. The Real Estate industry median Cash Conversion Cycle is 307.74. First Service Holding's value of 56.93 is 81.5% below this industry median. Overall, First Service Holding has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Service Holding's Cash Conversion Cycle compare to CBRE and BEKE?
First Service Holding's Cash Conversion Cycle of 56.93 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 307.74. First Service Holding's value of 56.93 is 81.5% below 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 Real Estate company?
The median Cash Conversion Cycle among Real Estate companies is 307.74, based on 1,728 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. First Service Holding's current Cash Conversion Cycle of 56.93 is 81.5% below 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 First Service Holding and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 307.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Service Holding's current Cash Conversion Cycle is 56.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Service Holding stock overvalued right now?
Based on GuruFocus' analysis, First Service Holding (HKSE:02107) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.40, compared to a current price of HK$0.44 — trading 8.8% above its estimated fair value. The current Cash Conversion Cycle is 56.93 and 81.5% below the Real Estate industry median of 307.74. First Service Holding's overall GF Score™ is 61/100 with 8 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 First Service Holding (HKSE:02107), the current Cash Conversion Cycle is 56.93 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 First Service Holding (HKSE:02107) Overvalued in 2026?
Based on GuruFocus' analysis, First Service Holding stock appears to be overvalued.
The current stock price of HK$0.44 is trading 8.8% above its estimated GF Value™ of HK$0.40.
GuruFocus considers First Service Holding to be Fairly Valued.
Key valuation signals for HKSE:02107:
Cash Conversion Cycle: 56.93
GF Value™: HK$0.40 vs. price of HK$0.44 (8.8% above fair value)
Industry Position: 81.5% below the Real Estate median
No single metric tells the full story. See the HKSE:02107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into two segments: First Property management services comprising of property management services, energy operation services under the service line of green living solutions and value-added services; and First Living segment provides green technology consulting service, system installation services, sale of goods, and energy operation services under the service line of green living solutions. It derives maximum revenue from First Property Management.
61GF 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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