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Top Spring International Holdings (HKSE:03688) 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.
Top Spring International Holdings Cash Conversion Cycle Related Terms
Top Spring International Holdings Cash Conversion Cycle Historical Data
* 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.
Top Spring International Holdings Cash Conversion Cycle Chart
Top Spring International Holdings Cash Conversion Cycle Competitor Comparison
For the Real Estate - Development subindustry, Top Spring International 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.
Top Spring International Holdings Cash Conversion Cycle vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Top Spring International Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Top Spring International Holdings's Cash Conversion Cycle falls into.
Top Spring International 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.
* 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.
Top Spring International Holdings (HKSE:03688) has a Cash Conversion Cycle of 512.69 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Top Spring International Holdings and its competitors.
Is Top Spring International Holdings' Cash Conversion Cycle too high?
Top Spring International Holdings' current Cash Conversion Cycle is 512.69. The Real Estate industry median Cash Conversion Cycle is 302.89. Top Spring International Holdings' value of 512.69 is 69.3% above this industry median. Overall, Top Spring International Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Spring International Holdings' Cash Conversion Cycle compare to competitors?
Top Spring International Holdings' Cash Conversion Cycle of 512.69 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 302.89. Top Spring International Holdings' value of 512.69 is 69.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Real Estate company?
The median Cash Conversion Cycle among Real Estate companies is 302.89, based on 1,733 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Spring International Holdings's current Cash Conversion Cycle of 512.69 is 69.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Top Spring International Holdings and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 302.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Spring International Holdings's current Cash Conversion Cycle is 512.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Spring International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Spring International Holdings (HKSE:03688) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.19 — trading 47.2% below its estimated fair value. The current Cash Conversion Cycle is 512.69 and 69.3% above the Real Estate industry median of 302.89. Top Spring International Holdings' overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Top Spring International Holdings (HKSE:03688), the current Cash Conversion Cycle is 512.69 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Top Spring International Holdings (HKSE:03688) Overvalued in 2026?
Based on GuruFocus' analysis, Top Spring International Holdings stock appears to be undervalued.
The current stock price of HK$0.19 is trading 47.2% below its estimated GF Value™ of HK$0.36.
GuruFocus considers Top Spring International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:03688:
Cash Conversion Cycle: 512.69
GF Value™: HK$0.36 vs. price of HK$0.19 (47.2% below fair value)
Industry Position: 69.3% above the Real Estate median
No single metric tells the full story. See the HKSE:03688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in PRC, Hong Kong, and others, with key revenue coming from PRC.
36GF Score
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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