Zhejiang Wansheng Co (SHSE:603010) Cash Conversion Cycle: 3.84 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SHSE:603010 Zhejiang Wansheng Co Ltd SHSE:603010
61 GF Score
Price ¥10.90
GF Value ¥11.03
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Zhejiang Wansheng Co Cash Conversion Cycle?

Zhejiang Wansheng Co SHSE:603010 +1.02% 61 Cash Conversion Cycle is 3.84 as of Mar. 2026. GuruFocus rates SHSE:603010 with a GF Score™ of 61/100 and a GF Value™ of ¥11.03 (Fairly Valued). The stock has 8 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.

Zhejiang Wansheng Co's Days Sales Outstanding for the three months ended in Mar. 2026 was 52.16.
Zhejiang Wansheng Co's Days Inventory for the three months ended in Mar. 2026 was 61.58.
Zhejiang Wansheng Co's Days Payable for the three months ended in Mar. 2026 was 109.9.
Therefore, Zhejiang Wansheng Co's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 3.84.


Zhejiang Wansheng Co  (SHSE:603010) 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.


Zhejiang Wansheng Co Cash Conversion Cycle Related Terms


Zhejiang Wansheng Co Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Zhejiang Wansheng 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.

Zhejiang Wansheng Co Cash Conversion Cycle Chart

Zhejiang Wansheng Co 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 36.04 18.69 -22.28 -27.29 -7.17

Zhejiang Wansheng Co 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 -12.29 3.48 8.70 7.09 3.84

SHSE:603010 vs LIN, SHW, ECL: Cash Conversion Cycle Comparison

For the Specialty Chemicals subindustry, Zhejiang Wansheng 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.


Zhejiang Wansheng Co Cash Conversion Cycle vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Wansheng Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Zhejiang Wansheng Co's Cash Conversion Cycle falls into.


SHSE:603010
61GF Score
Zhejiang Wansheng Co Ltd SHSE:603010
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Wansheng 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.

Zhejiang Wansheng Co'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
=56.63+71.25-135.05
=-7.17

Zhejiang Wansheng Co'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
=52.16+61.58-109.9
=3.84

* 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 3.84 mean?
Zhejiang Wansheng Co (SHSE:603010) has a Cash Conversion Cycle of 3.84 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Zhejiang Wansheng Co and its competitors.
Is Zhejiang Wansheng Co's Cash Conversion Cycle too high?
Zhejiang Wansheng Co's current Cash Conversion Cycle is 3.84. The Chemicals industry median Cash Conversion Cycle is 89.14. Zhejiang Wansheng Co's value of 3.84 is 95.7% below this industry median. Overall, Zhejiang Wansheng Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Wansheng Co's Cash Conversion Cycle compare to LIN and SHW?
Zhejiang Wansheng Co's Cash Conversion Cycle of 3.84 can be compared against companies in the Chemicals industry. The industry median Cash Conversion Cycle is 89.14. Zhejiang Wansheng Co's value of 3.84 is 95.7% 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 Chemicals company?
The median Cash Conversion Cycle among Chemicals companies is 89.14, based on 1,580 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. Zhejiang Wansheng Co's current Cash Conversion Cycle of 3.84 is 95.7% 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 Zhejiang Wansheng Co and its competitors. For the Chemicals industry, the median Cash Conversion Cycle is 89.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Wansheng Co's current Cash Conversion Cycle is 3.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Wansheng Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Wansheng Co (SHSE:603010) is currently considered Fairly Valued. The stock's GF Value™ is ¥11.03, compared to a current price of ¥10.90 — trading 1.2% below its estimated fair value. The current Cash Conversion Cycle is 3.84 and 95.7% below the Chemicals industry median of 89.14. Zhejiang Wansheng Co's overall GF Score™ is 61/100 with 8 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 Zhejiang Wansheng Co (SHSE:603010), the current Cash Conversion Cycle is 3.84 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 Zhejiang Wansheng Co (SHSE:603010) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Wansheng Co stock appears to be undervalued. The current stock price of ¥10.90 is trading 1.2% below its estimated GF Value™ of ¥11.03. GuruFocus considers Zhejiang Wansheng Co to be Fairly Valued.

Key valuation signals for SHSE:603010:

  • Cash Conversion Cycle: 3.84
  • GF Value™: ¥11.03 vs. price of ¥10.90 (1.2% below fair value)
  • GF Score™: 61/100 with 8 warning signs
  • Industry Position: 95.7% below the Chemicals median

No single metric tells the full story. See the SHSE:603010 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Wansheng Co Business Description

Address Liangshui Development Zone, No. 8, Jujing Road, Zhejiang Province, Linhai, CHN
Zhejiang Wansheng Co Ltd is a China-based chemical producer. The company is engaged in the manufacturing and sale of organic phosphorus-based flame retardants for rigid and flexible foam, special amines, and cardanol based curing agents and diluents. Its products are mainly used in the aerospace, automotive, electronics, construction, and furniture industry. The firm has a global presence and its products are exported to various countries and regions including the United States, Europe, South America, South Korea, Japan, and Southeast Asia.
61GF Score

Get the complete analysis for SHSE:603010

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

¥10.90
Price
¥11.03
GF Value