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Beijing UBOX Online Technology (HKSE:02429) Cash Conversion Cycle : -6.35 (As of Dec. 2023)


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What is Beijing UBOX Online Technology Cash Conversion Cycle?

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

Beijing UBOX Online Technology's Days Sales Outstanding for the six months ended in Dec. 2023 was 6.37.
Beijing UBOX Online Technology's Days Inventory for the six months ended in Dec. 2023 was 32.44.
Beijing UBOX Online Technology's Days Payable for the six months ended in Dec. 2023 was 45.16.
Therefore, Beijing UBOX Online Technology's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was -6.35.


Beijing UBOX Online Technology Cash Conversion Cycle Historical Data

The historical data trend for Beijing UBOX Online Technology'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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Beijing UBOX Online Technology Cash Conversion Cycle Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
32.76 36.04 9.16 -4.21 -3.35

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial - 0.98 -8.71 -13.62 -6.35

Competitive Comparison of Beijing UBOX Online Technology's Cash Conversion Cycle

For the Business Equipment & Supplies subindustry, Beijing UBOX Online Technology'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.


Beijing UBOX Online Technology's Cash Conversion Cycle Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing UBOX Online Technology's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Beijing UBOX Online Technology's Cash Conversion Cycle falls into.



Beijing UBOX Online Technology 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.

Beijing UBOX Online Technology'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
=6.2+37.09-46.64
=-3.35

Beijing UBOX Online Technology'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
=6.37+32.44-45.16
=-6.35

* 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.


Beijing UBOX Online Technology  (HKSE:02429) 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.


Beijing UBOX Online Technology Cash Conversion Cycle Related Terms

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Beijing UBOX Online Technology (HKSE:02429) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through its expansive POS network, it is able to provide services to a variety of participants along the unmanned retail industry value chain. The company operates in five business segments; Unmanned retail business, Advertising and system support services, Merchandise wholesale, Vending machine sales and leases, and Others.

Beijing UBOX Online Technology (HKSE:02429) Headlines

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