KRP Development Holdings (HKSE:02421) Cash Conversion Cycle : 5,986.94 (As of Sep. 2023)

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What is KRP Development Holdings Cash Conversion Cycle?

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

KRP Development Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 0.
KRP Development Holdings's Days Inventory for the six months ended in Sep. 2023 was 5987.37.
KRP Development Holdings's Days Payable for the six months ended in Sep. 2023 was 0.43.
Therefore, KRP Development Holdings's Cash Conversion Cycle (CCC) for the six months ended in Sep. 2023 was 5,986.94.

KRP Development Holdings Cash Conversion Cycle Historical Data

The historical data trend for KRP Development Holdings'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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KRP Development Holdings Cash Conversion Cycle Chart

KRP Development Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash Conversion Cycle

2,162.60

1,896.91

1,886.52

2,153.39

KRP Development Holdings Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Conversion Cycle	Get a 7-Day Free Trial			1,936.50	1,880.95	1,576.07	2,730.00	5,986.94

Competitive Comparison of KRP Development Holdings's Cash Conversion Cycle

For the Real Estate - Development subindustry, KRP Development Holdings'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.

KRP Development Holdings's Cash Conversion Cycle Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, KRP Development Holdings's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where KRP Development Holdings's Cash Conversion Cycle falls into.

KRP Development Holdings 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.

KRP Development Holdings's Cash Conversion Cycle for the fiscal year that ended in Mar. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	2154.46	-	1.07
	=	2,153.39

KRP Development Holdings's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	0	+	5987.37	-	0.43
	=	5,986.94

KRP Development Holdings (HKSE:02421) 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.

KRP Development Holdings Cash Conversion Cycle Related Terms

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KRP Development Holdings (HKSE:02421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KRP Development Holdings Ltd (HKSE:02421) » Definitions » Cash Conversion Cycle

Traded in Other Exchanges

N/A

Address

611–619 Castle Peak Road, Block C, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.krpd.com.hk

KRP Development Holdings Ltd is a boutique residential property developer, It is principally engaged in development and sales of residential properties in the fast-developing residential markets in Dongguan, Huizhou and Foshan. It has developed two product series for homebuyers, namely, Villas series, targeting middle income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.

Executives

Tmf (b.v.i.) Ltd.	2201 Interest of corporation controlled by you
New Sense Enterprises Limited	2101 Beneficial owner
Castfast Properties Development Co., Limited	2101 Beneficial owner
Honford Investments Limited	2201 Interest of corporation controlled by you
The Wedding City Co. Limited	2101 Beneficial owner
Ho Cheuk Fai	2201 Interest of corporation controlled by you
Ho Po Chu	2201 Interest of corporation controlled by you
Ho Cheuk Ming	2201 Interest of corporation controlled by you

KRP Development Holdings (HKSE:02421) Headlines

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