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China Boqi Environmental (Holding) Co (HKSE:02377) Cash Conversion Cycle : -54.11 (As of Dec. 2023)


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What is China Boqi Environmental (Holding) Co Cash Conversion Cycle?

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

China Boqi Environmental (Holding) Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 167.54.
China Boqi Environmental (Holding) Co's Days Inventory for the six months ended in Dec. 2023 was 6.89.
China Boqi Environmental (Holding) Co's Days Payable for the six months ended in Dec. 2023 was 228.54.
Therefore, China Boqi Environmental (Holding) Co's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -54.11.


China Boqi Environmental (Holding) Co Cash Conversion Cycle Historical Data

The historical data trend for China Boqi Environmental (Holding) 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.

* Premium members only.

China Boqi Environmental (Holding) Co Cash Conversion Cycle Chart

China Boqi Environmental (Holding) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -83.88 -122.36 -79.56 -102.86 -59.95

China Boqi Environmental (Holding) Co Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -63.46 -89.99 -57.31 -91.45 -54.11

Competitive Comparison of China Boqi Environmental (Holding) Co's Cash Conversion Cycle

For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) 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.


China Boqi Environmental (Holding) Co's Cash Conversion Cycle Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where China Boqi Environmental (Holding) Co's Cash Conversion Cycle falls into.



China Boqi Environmental (Holding) 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.

China Boqi Environmental (Holding) 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
=176.84+7.18-243.97
=-59.95

China Boqi Environmental (Holding) 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
=167.54+6.89-228.54
=-54.11

* 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.


China Boqi Environmental (Holding) Co  (HKSE:02377) 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.


China Boqi Environmental (Holding) Co Cash Conversion Cycle Related Terms

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China Boqi Environmental (Holding) Co (HKSE:02377) Business Description

Traded in Other Exchanges
N/A
Address
No. Jia 8, Xinglongzhuang, Floor 2, Guoben Culture Building, Chaoyang District, Beijing, CHN, 100123
China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.
Executives
Ge Tong 2202 Interest of your spouse
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Best Dawn Limited 2101 Beneficial owner
Cheng Liquan Richard
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Zhou Xuan 2202 Interest of your spouse
Guang Fa Ji Jin Guan Li You Xian Gong Si
Zhang Yi 2201 Interest of corporation controlled by you
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