Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TSG Development Co's Days Sales Outstanding for the
three
months ended in Dec. 2025 was 54.13.
TSG Development Co's Days Inventory for the
three
months ended in Dec. 2025 was 1693.63.
TSG Development Co's Days Payable for the
three
months ended in Dec. 2025 was 0.12.
Therefore, TSG Development Co's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2025 was 1,747.64.
TSG Development Co (ROCO:3521) 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.
TSG Development Co Cash Conversion Cycle Related Terms
TSG Development Co Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for TSG Development 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.
ROCO:3521 vs PWR, FIX, EME: Cash Conversion Cycle Comparison
For the Engineering & Construction subindustry, TSG Development 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.
TSG Development Co Cash Conversion Cycle vs Construction Industry
For the Construction industry and Industrials sector, TSG Development Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where TSG Development Co's Cash Conversion Cycle falls into.
TSG Development 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.
TSG Development Co's Cash Conversion Cycle for the fiscal year that ended in Dec. 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.
What does a Cash Conversion Cycle of 1,747.64 mean?
TSG Development Co (ROCO:3521) has a Cash Conversion Cycle of 1,747.64 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on TSG Development Co and its competitors.
Is TSG Development Co's Cash Conversion Cycle too high?
TSG Development Co's current Cash Conversion Cycle is 1,747.64. The Construction industry median Cash Conversion Cycle is 55.89. TSG Development Co's value of 1,747.64 is 3026.9% above this industry median. Overall, TSG Development Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSG Development Co's Cash Conversion Cycle compare to PWR and FIX?
TSG Development Co's Cash Conversion Cycle of 1,747.64 can be compared against companies in the Construction industry. The industry median Cash Conversion Cycle is 55.89. TSG Development Co's value of 1,747.64 is 3026.9% 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 a Construction company?
The median Cash Conversion Cycle among Construction companies is 55.89, based on 1,768 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. TSG Development Co's current Cash Conversion Cycle of 1,747.64 is 3026.9% 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 TSG Development Co and its competitors. For the Construction industry, the median Cash Conversion Cycle is 55.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSG Development Co's current Cash Conversion Cycle is 1,747.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Development Co stock overvalued right now?
Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.02, compared to a current price of NT$12.60 — trading 25.7% above its estimated fair value. The current Cash Conversion Cycle is 1,747.64 and 3026.9% above the Construction industry median of 55.89. TSG Development Co's overall GF Score™ is 57/100 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 TSG Development Co (ROCO:3521), the current Cash Conversion Cycle is 1,747.64 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 TSG Development Co (ROCO:3521) Overvalued in 2026?
Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued.
The current stock price of NT$12.60 is trading 25.7% above its estimated GF Value™ of NT$10.02.
GuruFocus considers TSG Development Co to be Modestly Overvalued.
Key valuation signals for ROCO:3521:
Cash Conversion Cycle: 1,747.64
GF Value™: NT$10.02 vs. price of NT$12.60 (25.7% above fair value)
Industry Position: 3026.9% above the Construction median
No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.
57GF Score
Get the complete analysis for ROCO:3521
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3521 has been successfully added to your 
