PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) Cash Conversion Cycle: 237.21 (As of Dec. 2025)


ISX:MKAP PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
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What is PT Multikarya Asia Pasifik Raya Tbk Cash Conversion Cycle?

PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP -0.83% 13 Cash Conversion Cycle is 237.21 as of Dec. 2025. GuruFocus rates ISX:MKAP with a GF Score™ of 13/100. The stock has 5 warning signs investors should review.

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

PT Multikarya Asia Pasifik Raya Tbk's Days Sales Outstanding for the six months ended in Dec. 2025 was 91.47.
PT Multikarya Asia Pasifik Raya Tbk's Days Inventory for the six months ended in Dec. 2025 was 201.19.
PT Multikarya Asia Pasifik Raya Tbk's Days Payable for the six months ended in Dec. 2025 was 55.45.
Therefore, PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2025 was 237.21.


PT Multikarya Asia Pasifik Raya Tbk  (ISX:MKAP) 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.


PT Multikarya Asia Pasifik Raya Tbk Cash Conversion Cycle Related Terms


PT Multikarya Asia Pasifik Raya Tbk Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for PT Multikarya Asia Pasifik Raya Tbk'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.

PT Multikarya Asia Pasifik Raya Tbk Cash Conversion Cycle Chart

PT Multikarya Asia Pasifik Raya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec24 Dec25
Cash Conversion Cycle
155.99 261.12 185.88 192.37 237.21

PT Multikarya Asia Pasifik Raya Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec24 Dec25
Cash Conversion Cycle 155.99 261.12 185.88 192.37 237.21

ISX:MKAP vs SLB, BKR, HAL: Cash Conversion Cycle Comparison

For the Oil & Gas Equipment & Services subindustry, PT Multikarya Asia Pasifik Raya Tbk'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.


PT Multikarya Asia Pasifik Raya Tbk Cash Conversion Cycle vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle falls into.


ISX:MKAP
13GF Score
PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multikarya Asia Pasifik Raya Tbk 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.

PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=91.47+201.19-55.45
=237.21

PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle for the quarter that ended in Dec. 2025 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=91.47+201.19-55.45
=237.21

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 237.21 mean?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a Cash Conversion Cycle of 237.21 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on PT Multikarya Asia Pasifik Raya Tbk and its competitors.
Is PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle too high?
PT Multikarya Asia Pasifik Raya Tbk's current Cash Conversion Cycle is 237.21. The Oil & Gas industry median Cash Conversion Cycle is 18.25. PT Multikarya Asia Pasifik Raya Tbk's value of 237.21 is 1199.8% above this industry median. Overall, PT Multikarya Asia Pasifik Raya Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle compare to SLB and BKR?
PT Multikarya Asia Pasifik Raya Tbk's Cash Conversion Cycle of 237.21 can be compared against companies in the Oil & Gas industry. The industry median Cash Conversion Cycle is 18.25. PT Multikarya Asia Pasifik Raya Tbk's value of 237.21 is 1199.8% 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 an Oil & Gas company?
The median Cash Conversion Cycle among Oil & Gas companies is 18.25, based on 917 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. PT Multikarya Asia Pasifik Raya Tbk's current Cash Conversion Cycle of 237.21 is 1199.8% 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 PT Multikarya Asia Pasifik Raya Tbk and its competitors. For the Oil & Gas industry, the median Cash Conversion Cycle is 18.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multikarya Asia Pasifik Raya Tbk's current Cash Conversion Cycle is 237.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multikarya Asia Pasifik Raya Tbk stock overvalued right now?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a current Cash Conversion Cycle of 237.21. The current Cash Conversion Cycle is 237.21 and 1199.8% above the Oil & Gas industry median of 18.25. PT Multikarya Asia Pasifik Raya Tbk's overall GF Score™ is 13/100 with 5 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 PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP), the current Cash Conversion Cycle is 237.21 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.

PT Multikarya Asia Pasifik Raya Tbk Business Description

Industry EnergyOil & Gas
Address Jalan TB Simatupang No 02, Cibis Nine, 16th Floor, Cilandak Timur, Pasar Minggu, South Jakarta, Jakarta, IDN, 12560
PT Multikarya Asia Pasifik Raya Tbk is engaged in the manufacturing and trading of services, as well as the rental and repair of pumps and other supporting equipment, including spare parts for the oil, natural gas, and mining industries. The firm operates through two main segments: Spare Parts and Procurement, and Rental and Services, with the majority of its revenue coming from the Spare Parts and Procurement segment. For the oil and gas industry, it offers products and services such as crude oil transfer to and from further processing, water reinjection production, water treatment injection plants, and pumps for mud, cement, and stimulation. In the mining industry, the company provides services for water drying and mud removal, along with reinstallation, repair, and rejuvenation of pump.
13GF Score

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