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Plus Group Holdings (HKSE:02486) Cash Conversion Cycle : 139.60 (As of Dec. 2023)


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What is Plus Group Holdings Cash Conversion Cycle?

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

Plus Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 174.95.
Plus Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 0.
Plus Group Holdings's Days Payable for the six months ended in Dec. 2023 was 35.35.
Therefore, Plus Group Holdings's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 139.60.

Plus Group Holdings Cash Conversion Cycle Historical Data

The historical data trend for Plus Group 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.

* Premium members only.

Plus Group Holdings Cash Conversion Cycle Chart

Plus Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
218.70 242.88 187.12 132.46

Plus Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial - 228.38 145.25 108.08 139.60

Competitive Comparison of Plus Group Holdings's Cash Conversion Cycle

For the Advertising Agencies subindustry, Plus Group 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.

Plus Group Holdings's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Plus Group Holdings's Cash Conversion Cycle distribution charts can be found below:

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


Plus Group 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.

Plus Group Holdings'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
=158+0-25.54
=132.46

Plus Group Holdings'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
=174.95+0-35.35
=139.60

* 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.

Plus Group Holdings  (HKSE:02486) 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.

Plus Group Holdings Cash Conversion Cycle Related Terms

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Plus Group Holdings (HKSE:02486) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Plus Group Holdings Inc (HKSE:02486) » Definitions » Cash Conversion Cycle
Comparable Companies
HKSE:02131 HKSE:00343 HKSE:06988 HKSE:01993 HKSE:09919 HKSE:00623 HKSE:02422 HKSE:06113 HKSE:01753 HKSE:01762 XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
No. 652 Changshou Road, 2nd Floor–3rd Floor, Building 6, Putuo, Shanghai, CHN
Website
https://www.plscn.com
Plus Group Holdings Inc is an established digitalized sales and marketing service provider, primarily focusing on market-leading FMCG brand owners. Its services aim at digitalizing and systemizing offline commerce. The company offers four types of services, including (i) on-site solution; (ii) field force assignment; (iii) matching service; and (iv) SaaS+ subscription. Its service network has extensive coverage in terms of the scale of customers, geographical locations and types of tasks. The majority of revenue is derived from the On-site solution services. The on-site solution offers solution services for customized sales and marketing activities with the set up of offline venues and event materials.
Executives
Sun Guangjun 2201 Interest of corporation controlled by you
Tan Hui 2202 Interest of your spouse
Trident Trust Company (hk) Limited 2301 Trustee
Guangjun Holdings Limited 2101 Beneficial owner
Summit Plus International Holding Limited 2201 Interest of corporation controlled by you
Guangjun Sun Holdings Limited 2101 Beneficial owner
Junshu Holdings Limited 2201 Interest of corporation controlled by you
Xia Jingtang 2201 Interest of corporation controlled by you
Yan Xiaohang 2202 Interest of your spouse
Kuwei Holdings Limited 2101 Beneficial owner
Cmb Wing Lung (trustee) Limited 2301 Trustee
Plus Group 2023 Limited 2101 Beneficial owner
Hannah Xia Holdings Limited 2101 Beneficial owner
Jonson Xia Smile Family Holdings Limited 2201 Interest of corporation controlled by you

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