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Ningbo Fubang High Tech Materials Co (SHSE:600768) 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.
Ningbo Fubang High Tech Materials Co Cash Conversion Cycle Related Terms
Ningbo Fubang High Tech Materials Co 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.
Ningbo Fubang High Tech Materials Co Cash Conversion Cycle Chart
SHSE:600768 vs AA: Cash Conversion Cycle Comparison
For the Aluminum subindustry, Ningbo Fubang High Tech Materials 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.
Ningbo Fubang High Tech Materials Co Cash Conversion Cycle vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ningbo Fubang High Tech Materials Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Ningbo Fubang High Tech Materials Co's Cash Conversion Cycle falls into.
Ningbo Fubang High Tech Materials 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.
* 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.
Ningbo Fubang High Tech Materials Co (SHSE:600768) has a Cash Conversion Cycle of 77.01 as of Jun. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Ningbo Fubang High Tech Materials Co and its competitors.
Is Ningbo Fubang High Tech Materials Co's Cash Conversion Cycle too high?
Ningbo Fubang High Tech Materials Co's current Cash Conversion Cycle is 77.01. The Metals & Mining industry median Cash Conversion Cycle is 16.39. Ningbo Fubang High Tech Materials Co's value of 77.01 is 369.9% above this industry median. Overall, Ningbo Fubang High Tech Materials Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Fubang High Tech Materials Co's Cash Conversion Cycle compare to AA?
Ningbo Fubang High Tech Materials Co's Cash Conversion Cycle of 77.01 can be compared against companies in the Metals & Mining industry. The industry median Cash Conversion Cycle is 16.39. Ningbo Fubang High Tech Materials Co's value of 77.01 is 369.9% 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 Metals & Mining company?
The median Cash Conversion Cycle among Metals & Mining companies is 16.39, based on 1,165 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. Ningbo Fubang High Tech Materials Co's current Cash Conversion Cycle of 77.01 is 369.9% 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 Ningbo Fubang High Tech Materials Co and its competitors. For the Metals & Mining industry, the median Cash Conversion Cycle is 16.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Fubang High Tech Materials Co's current Cash Conversion Cycle is 77.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Fubang High Tech Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Fubang High Tech Materials Co (SHSE:600768) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.18, compared to a current price of ¥15.01 — trading 29.1% below its estimated fair value. The current Cash Conversion Cycle is 77.01 and 369.9% above the Metals & Mining industry median of 16.39. Ningbo Fubang High Tech Materials Co's overall GF Score™ is 73/100 with 3 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 Ningbo Fubang High Tech Materials Co (SHSE:600768), the current Cash Conversion Cycle is 77.01 as of Jun. 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 Ningbo Fubang High Tech Materials Co (SHSE:600768) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Fubang High Tech Materials Co stock appears to be undervalued.
The current stock price of ¥15.01 is trading 29.1% below its estimated GF Value™ of ¥21.18.
GuruFocus considers Ningbo Fubang High Tech Materials Co to be Modestly Undervalued.
Key valuation signals for SHSE:600768:
Cash Conversion Cycle: 77.01
GF Value™: ¥21.18 vs. price of ¥15.01 (29.1% below fair value)
Industry Position: 369.9% above the Metals & Mining median
No single metric tells the full story. See the SHSE:600768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Fubang Jingye Group Co Ltd engages in the regional deep processing of industrial and civil aluminum profiles, and also engages in the trade of aluminum cast bars.
73GF Score
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