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MGI Tech Co's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 206.18.
MGI Tech Co's Days Inventory for the
three
months ended in Mar. 2026 was 402.21.
MGI Tech Co's Days Payable for the
three
months ended in Mar. 2026 was 109.82.
Therefore, MGI Tech Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 498.57.
MGI Tech Co (SHSE:688114) 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.
MGI Tech Co Cash Conversion Cycle Related Terms
MGI Tech Co Cash Conversion Cycle Historical Data
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The historical data trend for MGI Tech 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.
SHSE:688114 vs ABT, SYK, MDT: Cash Conversion Cycle Comparison
For the Medical Devices subindustry, MGI Tech 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.
MGI Tech Co Cash Conversion Cycle vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where MGI Tech 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.
MGI Tech 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.
MGI Tech Co (SHSE:688114) has a Cash Conversion Cycle of 498.57 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on MGI Tech Co and its competitors.
Is MGI Tech Co's Cash Conversion Cycle too high?
MGI Tech Co's current Cash Conversion Cycle is 498.57. The Medical Devices & Instruments industry median Cash Conversion Cycle is 159.09. MGI Tech Co's value of 498.57 is 213.4% above this industry median. Overall, MGI Tech Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGI Tech Co's Cash Conversion Cycle compare to ABT and SYK?
MGI Tech Co's Cash Conversion Cycle of 498.57 can be compared against companies in the Medical Devices & Instruments industry. The industry median Cash Conversion Cycle is 159.09. MGI Tech Co's value of 498.57 is 213.4% 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 a Medical Devices & Instruments company?
The median Cash Conversion Cycle among Medical Devices & Instruments companies is 159.09, based on 817 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. MGI Tech Co's current Cash Conversion Cycle of 498.57 is 213.4% 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 MGI Tech Co and its competitors. For the Medical Devices & Instruments industry, the median Cash Conversion Cycle is 159.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGI Tech Co's current Cash Conversion Cycle is 498.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Tech Co stock overvalued right now?
Based on GuruFocus' analysis, MGI Tech Co (SHSE:688114) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥66.44, compared to a current price of ¥47.11 — trading 29.1% below its estimated fair value. The current Cash Conversion Cycle is 498.57 and 213.4% above the Medical Devices & Instruments industry median of 159.09. MGI Tech Co's overall GF Score™ is 69/100 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 MGI Tech Co (SHSE:688114), the current Cash Conversion Cycle is 498.57 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 MGI Tech Co (SHSE:688114) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Tech Co stock appears to be undervalued.
The current stock price of ¥47.11 is trading 29.1% below its estimated GF Value™ of ¥66.44.
GuruFocus considers MGI Tech Co to be Modestly Undervalued.
Key valuation signals for SHSE:688114:
Cash Conversion Cycle: 498.57
GF Value™: ¥66.44 vs. price of ¥47.11 (29.1% below fair value)
Industry Position: 213.4% above the Medical Devices & Instruments median
No single metric tells the full story. See the SHSE:688114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare, and other relevant industries.
69GF Score
Get the complete analysis for SHSE:688114
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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