Millennium Group International Holdings (NAS:MGIH) 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.
Millennium Group International Holdings Cash Conversion Cycle Related Terms
Millennium Group 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.
Millennium Group International Holdings Cash Conversion Cycle Chart
Millennium Group International Holdings Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Cash Conversion Cycle
136.58
130.98
145.07
107.04
101.87
Millennium Group International Holdings Semi-Annual Data
MGIH vs YHGJ, DSS, ENZN: Cash Conversion Cycle Comparison
For the Packaging & Containers subindustry, Millennium Group 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.
Millennium Group International Holdings Cash Conversion Cycle vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Millennium Group International Holdings's Cash Conversion Cycle falls into.
Millennium Group 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.
Millennium Group International Holdings (MGIH) has a Cash Conversion Cycle of 73.24 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Millennium Group International Holdings and its competitors.
Is Millennium Group International Holdings' Cash Conversion Cycle too high?
Millennium Group International Holdings' current Cash Conversion Cycle is 73.24. The Packaging & Containers industry median Cash Conversion Cycle is 86.58. Millennium Group International Holdings' value of 73.24 is 15.4% below this industry median. Overall, Millennium Group International Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Group International Holdings' Cash Conversion Cycle compare to YHGJ and DSS?
Millennium Group International Holdings' Cash Conversion Cycle of 73.24 can be compared against companies in the Packaging & Containers industry. The industry median Cash Conversion Cycle is 86.58. Millennium Group International Holdings' value of 73.24 is 15.4% below 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 Packaging & Containers company?
The median Cash Conversion Cycle among Packaging & Containers companies is 86.58, based on 389 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. Millennium Group International Holdings's current Cash Conversion Cycle of 73.24 is 15.4% below 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 Millennium Group International Holdings and its competitors. For the Packaging & Containers industry, the median Cash Conversion Cycle is 86.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millennium Group International Holdings's current Cash Conversion Cycle is 73.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Group International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Millennium Group International Holdings (MGIH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.81, compared to a current price of $1.46 — trading 80.2% above its estimated fair value. The current Cash Conversion Cycle is 73.24 and 15.4% below the Packaging & Containers industry median of 86.58. Millennium Group International Holdings' overall GF Score™ is 34/100 with 2 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 Millennium Group International Holdings (MGIH), the current Cash Conversion Cycle is 73.24 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 Millennium Group International Holdings (MGIH) Overvalued in 2026?
Based on GuruFocus' analysis, Millennium Group International Holdings stock appears to be overvalued.
The current stock price of $1.46 is trading 80.2% above its estimated GF Value™ of $0.81.
GuruFocus considers Millennium Group International Holdings to be Significantly Overvalued.
Key valuation signals for MGIH:
Cash Conversion Cycle: 73.24
GF Value™: $0.81 vs. price of $1.46 (80.2% above fair value)
Industry Position: 15.4% below the Packaging & Containers median
No single metric tells the full story. See the MGIH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millennium Group International Holdings Business Description
Millennium Group International Holdings Ltd supplies paper-based packaging solutions, including inner packaging boxes produced with offset or flexo printing and outer corrugated boxes used for transportation, storage, pallets, and point-of-purchase displays. The company manufactures corrugated products of different sizes, shapes, thicknesses, and strengths according to customer specifications. It also operates a supply chain management business in Vietnam to service international clients who source their packaging needs from Vietnam and other ASEAN countries. The corrugated paper is durable, versatile, economical, and lightweight.
34GF Score
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