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Kingboard Laminates Holdings (Kingboard Laminates Holdings) Cash Conversion Cycle : 107.64 (As of Dec. 2023)


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What is Kingboard Laminates Holdings Cash Conversion Cycle?

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

Kingboard Laminates Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 61.64.
Kingboard Laminates Holdings's Days Inventory for the six months ended in Dec. 2023 was 78.17.
Kingboard Laminates Holdings's Days Payable for the six months ended in Dec. 2023 was 32.17.
Therefore, Kingboard Laminates Holdings's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2023 was 107.64.


Kingboard Laminates Holdings Cash Conversion Cycle Historical Data

The historical data trend for Kingboard Laminates 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.

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Kingboard Laminates Holdings Cash Conversion Cycle Chart

Kingboard Laminates Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 124.60 133.98 101.46 109.38 103.70

Kingboard Laminates Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.54 117.68 113.48 110.16 107.64

Competitive Comparison of Kingboard Laminates Holdings's Cash Conversion Cycle

For the Electronic Components subindustry, Kingboard Laminates 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.


Kingboard Laminates Holdings's Cash Conversion Cycle Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kingboard Laminates Holdings's Cash Conversion Cycle distribution charts can be found below:

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



Kingboard Laminates 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.

Kingboard Laminates 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
=68.11+70.78-35.19
=103.70

Kingboard Laminates 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
=61.64+78.17-32.17
=107.64

* 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.


Kingboard Laminates Holdings  (OTCPK:KGBLY) 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.


Kingboard Laminates Holdings Cash Conversion Cycle Related Terms

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Kingboard Laminates Holdings (Kingboard Laminates Holdings) Business Description

Traded in Other Exchanges
Address
3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T., Hong Kong, HKG
Kingboard Laminates Holdings Ltd is an electronic materials manufacturer engaged in the production of laminates. The group is organized into three reportable segments that are the manufacturing and sale of laminates, properties, and investments. The laminate segment contributes to the majority of the revenue. The company's products include Glass Epoxy Laminates, Paper Laminates, Upstream Materials, and others. The company operates in China, Asian countries, Europe, and America, out of which China accounts for the majority of the revenue.

Kingboard Laminates Holdings (Kingboard Laminates Holdings) Headlines

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