SPP Polymer's Days Sales Outstanding for the
six
months ended in Mar. 2025 was 51.52.
SPP Polymer's Days Inventory for the
six
months ended in Mar. 2025 was 112.25.
SPP Polymer's Days Payable for the
six
months ended in Mar. 2025 was 88.88.
Therefore, SPP Polymer's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2025 was 74.89.
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.
SPP Polymer Cash Conversion Cycle Related Terms
SPP Polymer Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for SPP Polymer'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.
SPP Polymer Cash Conversion Cycle Chart
SPP Polymer Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Cash Conversion Cycle
69.32
65.17
81.04
56.07
74.89
SPP Polymer Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Cash Conversion Cycle
69.32
65.17
81.04
56.07
74.89
NSE:SPPPOLY vs SW, PKG, IP: Cash Conversion Cycle Comparison
For the Packaging & Containers subindustry, SPP Polymer'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.
SPP Polymer Cash Conversion Cycle vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, SPP Polymer's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where SPP Polymer's Cash Conversion Cycle falls into.
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.
SPP Polymer's Cash Conversion Cycle for the fiscal year that ended in Mar. 2025 is calculated as
* 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.
SPP Polymer (NSE:SPPPOLY) has a Cash Conversion Cycle of 74.89 as of Mar. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on SPP Polymer and its competitors.
Is SPP Polymer's Cash Conversion Cycle too high?
SPP Polymer's current Cash Conversion Cycle is 74.89. The Packaging & Containers industry median Cash Conversion Cycle is 86.87. SPP Polymer's value of 74.89 is 13.8% below this industry median. Overall, SPP Polymer has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does SPP Polymer's Cash Conversion Cycle compare to SW and PKG?
SPP Polymer's Cash Conversion Cycle of 74.89 can be compared against companies in the Packaging & Containers industry. The industry median Cash Conversion Cycle is 86.87. SPP Polymer's value of 74.89 is 13.8% 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 86.87, based on 391 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. SPP Polymer's current Cash Conversion Cycle of 74.89 is 13.8% 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 SPP Polymer and its competitors. For the Packaging & Containers industry, the median Cash Conversion Cycle is 86.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPP Polymer's current Cash Conversion Cycle is 74.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPP Polymer stock overvalued right now?
SPP Polymer (NSE:SPPPOLY) has a current Cash Conversion Cycle of 74.89. The current Cash Conversion Cycle is 74.89 and 13.8% below the Packaging & Containers industry median of 86.87. SPP Polymer's overall GF Score™ is 11/100 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 SPP Polymer (NSE:SPPPOLY), the current Cash Conversion Cycle is 74.89 as of Mar. 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.
SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.
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