Maiyue Technology (HKSE:02501) Cash Conversion Cycle : 282.93 (As of Dec. 2023)

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What is Maiyue Technology Cash Conversion Cycle?

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

Maiyue Technology's Days Sales Outstanding for the six months ended in Dec. 2023 was 370.65.
Maiyue Technology's Days Inventory for the six months ended in Dec. 2023 was 7.89.
Maiyue Technology's Days Payable for the six months ended in Dec. 2023 was 95.61.
Therefore, Maiyue Technology's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 282.93.

Maiyue Technology Cash Conversion Cycle Historical Data

The historical data trend for Maiyue 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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Maiyue Technology Cash Conversion Cycle Chart

Maiyue Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

84.55

104.71

175.62

282.93

Maiyue Technology Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash Conversion Cycle	84.55	104.71	175.62	282.93

Competitive Comparison of Maiyue Technology's Cash Conversion Cycle

For the Information Technology Services subindustry, Maiyue 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.

Maiyue Technology's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Maiyue Technology's Cash Conversion Cycle distribution charts can be found below:

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

Maiyue 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.

Maiyue 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
	=	370.65	+	7.89	-	95.61
	=	282.93

Maiyue 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
	=	370.65	+	7.89	-	95.61
	=	282.93

Maiyue Technology (HKSE:02501) 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.

Maiyue Technology Cash Conversion Cycle Related Terms

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Maiyue Technology (HKSE:02501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maiyue Technology Ltd (HKSE:02501) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Gehai Road, Room 806, 8th Floor, Office Area, Block B, East Tower, Guangxi, Guangxi Sports Centre Supporting Project Complex, Nanning, CHN

Website

http://www.maiyuesoft.com

Maiyue Technology Ltd is an integrated IT solutions services provider in the education and government IT solutions markets in Guangxi. It primarily focuses on the provision of customized integrated IT solutions services to customers in the education sector, primarily offline formal public education institutions, for the purpose of digitalized campus development. It aims to utilize technologies in its products and services to assist education institutions in opening up and connecting different departments, functions and facilities of campus in a single platform, realizing the integration and utilization of data from multiple sources, which improves the overall campus experience and effectiveness of teaching and learning.

Executives

Deep Blue Ocean Electronics Technology Limited	2101 Beneficial owner
Deng Caidie	2201 Interest of corporation controlled by you
He Deling	2202 Interest of your spouse
Kong Xiaoyan	2202 Interest of your spouse
Li Changqing	2201 Interest of corporation controlled by you
Wang Yufei	2201 Interest of corporation controlled by you
Xu Tao	2202 Interest of your spouse
Yang Zihan	2202 Interest of your spouse
Zhang Guangbai	2201 Interest of corporation controlled by you
Canwest Profits Limited	2101 Beneficial owner
Ng Ling Ling	2202 Interest of your spouse
Chan Eong Liat Jason	2201 Interest of corporation controlled by you
Koh Lik Ching	2202 Interest of your spouse
Million Oak Limited	2101 Beneficial owner
Ye Shanmin	2201 Interest of corporation controlled by you

Maiyue Technology (HKSE:02501) Headlines

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