Dowell Service Group Co (HKSE:02352) Cash Conversion Cycle : 89.52 (As of Dec. 2023)

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What is Dowell Service Group Co Cash Conversion Cycle?

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

Dowell Service Group Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 151.63.
Dowell Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 10.97.
Dowell Service Group Co's Days Payable for the six months ended in Dec. 2023 was 73.08.
Therefore, Dowell Service Group Co's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 89.52.

Dowell Service Group Co Cash Conversion Cycle Historical Data

The historical data trend for Dowell Service Group Co'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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Dowell Service Group Co Cash Conversion Cycle Chart

Dowell Service Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

69.59

54.37

53.03

73.21

81.41

Dowell Service Group Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial			60.51	78.26	75.46	88.71	89.52

Competitive Comparison of Dowell Service Group Co's Cash Conversion Cycle

For the Real Estate Services subindustry, Dowell Service Group 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.

Dowell Service Group Co's Cash Conversion Cycle Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dowell Service Group Co's Cash Conversion Cycle distribution charts can be found below:

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

Dowell Service Group 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.

Dowell Service Group Co'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
	=	149.28	+	12.04	-	79.91
	=	81.41

Dowell Service Group Co'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
	=	151.63	+	10.97	-	73.08
	=	89.52

Dowell Service Group Co (HKSE:02352) 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.

Dowell Service Group Co Cash Conversion Cycle Related Terms

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Dowell Service Group Co (HKSE:02352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dowell Service Group Co Ltd (HKSE:02352) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Baihe Road, Room 206, B1/F, Nanping Town, Nan’an District, Chongqing, CHN, 400000

Website

http://www.dowellservice.com

Dowell Service Group Co Ltd is an investment holding company established in the PRC. The Group is engaged in the provision of property management services, community value-added services, and value-added services to non-property owners.

Executives

Chong Qing Chao Feng Lian Wu Zi You Xian Gong Si	2106 Person having a security interest in shares
Lin Zi Yao	2201 Interest of corporation controlled by you
Chong Qing Di Ma Rui Sheng Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Chong Qing Shi Di Ma Shi Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Chong Qing Dong Yin Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Cheng Fang Qi Ye Guan Li Zi Xun You Xian Gong Si	2101 Beneficial owner
Lo Siu Yu	2201 Interest of corporation controlled by you
Chiu Kit Hung	2202 Interest of your spouse
Harvest Fund Management Co., Ltd.	2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd	2201 Interest of corporation controlled by you
Zhang Xiang Nong	2202 Interest of your spouse
Rui Fu Zi Ben Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Hao	2201 Interest of corporation controlled by you
Bai Tian You Xian Gong Si	2101 Beneficial owner
Ma Xue Mei	2202 Interest of your spouse

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