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.
First Hi-Tec Co's Days Sales Outstanding for the
three
months ended in Dec. 2025 was 146.95.
First Hi-Tec Co's Days Inventory for the
three
months ended in Dec. 2025 was 68.46.
First Hi-Tec Co's Days Payable for the
three
months ended in Dec. 2025 was 122.24.
Therefore, First Hi-Tec Co's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2025 was 93.17.
First Hi-Tec Co (ROCO:5439) 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.
First Hi-Tec Co Cash Conversion Cycle Related Terms
First Hi-Tec Co Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for First Hi-Tec 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:5439 vs APH, GLW: Cash Conversion Cycle Comparison
For the Electronic Components subindustry, First Hi-Tec 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.
First Hi-Tec Co Cash Conversion Cycle vs Hardware Industry
For the Hardware industry and Technology sector, First Hi-Tec Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where First Hi-Tec Co'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.
First Hi-Tec 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.
First Hi-Tec Co (ROCO:5439) has a Cash Conversion Cycle of 93.17 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on First Hi-Tec Co and its competitors.
Is First Hi-Tec Co's Cash Conversion Cycle too high?
First Hi-Tec Co's current Cash Conversion Cycle is 93.17. The Hardware industry median Cash Conversion Cycle is 98.95. First Hi-Tec Co's value of 93.17 is 5.8% below this industry median. Overall, First Hi-Tec Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's Cash Conversion Cycle compare to APH and GLW?
First Hi-Tec Co's Cash Conversion Cycle of 93.17 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 98.95. First Hi-Tec Co's value of 93.17 is 5.8% 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 Hardware company?
The median Cash Conversion Cycle among Hardware companies is 98.95, based on 2,482 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. First Hi-Tec Co's current Cash Conversion Cycle of 93.17 is 5.8% 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 First Hi-Tec Co and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 98.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Hi-Tec Co's current Cash Conversion Cycle is 93.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$262.46, compared to a current price of NT$293.00 — trading 11.6% above its estimated fair value. The current Cash Conversion Cycle is 93.17 and 5.8% below the Hardware industry median of 98.95. First Hi-Tec Co's overall GF Score™ is 83/100 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 First Hi-Tec Co (ROCO:5439), the current Cash Conversion Cycle is 93.17 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?
Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be overvalued.
The current stock price of NT$293.00 is trading 11.6% above its estimated GF Value™ of NT$262.46.
GuruFocus considers First Hi-Tec Co to be Modestly Overvalued.
Key valuation signals for ROCO:5439:
Cash Conversion Cycle: 93.17
GF Value™: NT$262.46 vs. price of NT$293.00 (11.6% above fair value)
No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
83GF Score
Get the complete analysis for ROCO:5439
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:5439 has been successfully added to your 
