Avicopter (SHSE:600038) Cash Conversion Cycle: 190.98 (As of Mar. 2026)


SHSE:600038 Avicopter PLC SHSE:600038
45 GF Score
Price ¥26.10
GF Value ¥42.37
Valuation Possible Value Trap
! 11 Warning Signs
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What is Avicopter Cash Conversion Cycle?

Avicopter SHSE:600038 -0.42% 45 Cash Conversion Cycle is 190.98 as of Mar. 2026. GuruFocus rates SHSE:600038 with a GF Score™ of 45/100 and a GF Value™ of ¥42.37 (Possible Value Trap). The stock has 11 warning signs investors should review.

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

Avicopter's Days Sales Outstanding for the three months ended in Mar. 2026 was 401.83.
Avicopter's Days Inventory for the three months ended in Mar. 2026 was 620.13.
Avicopter's Days Payable for the three months ended in Mar. 2026 was 830.98.
Therefore, Avicopter's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 190.98.


Avicopter  (SHSE:600038) 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.


Avicopter Cash Conversion Cycle Related Terms


Avicopter Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Avicopter'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.

Avicopter Cash Conversion Cycle Chart

Avicopter Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.48 84.35 90.16 71.12 58.13

Avicopter Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 190.40 71.66 115.85 39.64 190.98

SHSE:600038 vs SPCX, GE, RTX: Cash Conversion Cycle Comparison

For the Aerospace & Defense subindustry, Avicopter'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.


Avicopter Cash Conversion Cycle vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Avicopter's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Avicopter's Cash Conversion Cycle falls into.


SHSE:600038
45GF Score
Avicopter PLC SHSE:600038
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Avicopter 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.

Avicopter's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=135.49+195.51-272.87
=58.13

Avicopter's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=401.83+620.13-830.98
=190.98

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 190.98 mean?
Avicopter (SHSE:600038) has a Cash Conversion Cycle of 190.98 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Avicopter and its competitors.
Is Avicopter's Cash Conversion Cycle too high?
Avicopter's current Cash Conversion Cycle is 190.98. The Aerospace & Defense industry median Cash Conversion Cycle is 136.97. Avicopter's value of 190.98 is 39.4% above this industry median. Overall, Avicopter has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Avicopter's Cash Conversion Cycle compare to SPCX and GE?
Avicopter's Cash Conversion Cycle of 190.98 can be compared against companies in the Aerospace & Defense industry. The industry median Cash Conversion Cycle is 136.97. Avicopter's value of 190.98 is 39.4% 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 an Aerospace & Defense company?
The median Cash Conversion Cycle among Aerospace & Defense companies is 136.97, based on 348 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. Avicopter's current Cash Conversion Cycle of 190.98 is 39.4% 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 Avicopter and its competitors. For the Aerospace & Defense industry, the median Cash Conversion Cycle is 136.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avicopter's current Cash Conversion Cycle is 190.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avicopter stock overvalued right now?
Based on GuruFocus' analysis, Avicopter (SHSE:600038) is currently considered Possible Value Trap. The stock's GF Value™ is ¥42.37, compared to a current price of ¥26.10 — trading 38.4% below its estimated fair value. The current Cash Conversion Cycle is 190.98 and 39.4% above the Aerospace & Defense industry median of 136.97. Avicopter's overall GF Score™ is 45/100 with 11 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 Avicopter (SHSE:600038), the current Cash Conversion Cycle is 190.98 as of Mar. 2026. 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 Avicopter (SHSE:600038) Overvalued in 2026?

Based on GuruFocus' analysis, Avicopter stock appears to be undervalued. The current stock price of ¥26.10 is trading 38.4% below its estimated GF Value™ of ¥42.37. GuruFocus considers Avicopter to be Possible Value Trap.

Key valuation signals for SHSE:600038:

  • Cash Conversion Cycle: 190.98
  • GF Value™: ¥42.37 vs. price of ¥26.10 (38.4% below fair value)
  • GF Score™: 45/100 with 11 warning signs
  • Industry Position: 39.4% above the Aerospace & Defense median

No single metric tells the full story. See the SHSE:600038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avicopter Business Description

Address No. 14, Xiaoguandongli, 7th Floor, Building A, Chaoyang District, Beijing, CHN, 100029
Avicopter PLC is a China-based company engaged in the production and distribution of aerospace products. The company's core offerings include helicopter models such as the AC311, AC312, and AC313, along with associated parts and components. The company also provides consulting and technical services related to aerospace technology and engages in import and export trading activities.
45GF Score

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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥26.10
Price
¥42.37
GF Value