Icon Culture Global Co (HKSE:08500) Cash Conversion Cycle : 1,354.28 (As of Sep. 2023)

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What is Icon Culture Global Co Cash Conversion Cycle?

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

Icon Culture Global Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 1618.16.
Icon Culture Global Co's Days Inventory for the three months ended in Sep. 2023 was 0.
Icon Culture Global Co's Days Payable for the three months ended in Sep. 2023 was 263.88.
Therefore, Icon Culture Global Co's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was 1,354.28.

Icon Culture Global Co Cash Conversion Cycle Historical Data

The historical data trend for Icon Culture Global Co'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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Icon Culture Global Co Cash Conversion Cycle Chart

Icon Culture Global Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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-2.79

-49.62

151.48

504.11

583.71

Icon Culture Global Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial															872.01	765.31	2,302.87	1,354.28	-1,628.34

Competitive Comparison of Icon Culture Global Co's Cash Conversion Cycle

For the Advertising Agencies subindustry, Icon Culture Global Co'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.

Icon Culture Global Co's Cash Conversion Cycle Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Icon Culture Global Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Icon Culture Global Co's Cash Conversion Cycle falls into.

Icon Culture Global Co 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.

Icon Culture Global Co'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
	=	849.96	+	0	-	266.25
	=	583.71

Icon Culture Global Co'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
	=	1618.16	+	0	-	263.88
	=	1,354.28

Icon Culture Global Co (HKSE:08500) 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.

Icon Culture Global Co Cash Conversion Cycle Related Terms

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Icon Culture Global Co (HKSE:08500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Icon Culture Global Co Ltd (HKSE:08500) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 62 Jinsui Road, 29th Floor, Kingold Century, Zhujiang New Town, Tianhe District, Guangzhou Province, CHN

Website

https://www.iconspace.com

Icon Culture Global Co Ltd is a multimedia advertising and marketing solution service provider in China. The company provides advertising and marketing solutions covering traditional offline media including both OOH and indoor advertising platforms; online media; public relations, marketing campaigns, and other services to its customers that consist of brand owners, state-owned entities in China, advertising agencies, and government authorities. Its integrated multimedia advertising and marketing solution services are focused on the formulation of advertising strategies for its customers and identifying and sourcing the appropriate advertising resources and formats to maximize the effectiveness of its customers' advertisements.

Executives

Chow Eric Tse To	2201 Interest of corporation controlled by you
Shining Icon (bvi) Limited	2101 Beneficial owner
Cai Xiaoshan	2201 Interest of corporation controlled by you
Focus Wonder Limited	2101 Beneficial owner
Lau Tung Hei Derek	2201 Interest of corporation controlled by you
Master Connection Limited	2101 Beneficial owner
China Hui Shang Enterpriser Association International Group Limited	2101 Beneficial owner
Capital Realm Financial Holdings Limited	2101 Beneficial owner
Sense One Limited	2101 Beneficial owner

Icon Culture Global Co (HKSE:08500) Headlines

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