Chengdu Qinchuan IoT Technology Co (SHSE:688528) Cash Conversion Cycle : 85.36 (As of Mar. 2024)

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What is Chengdu Qinchuan IoT Technology Co Cash Conversion Cycle?

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

Chengdu Qinchuan IoT Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 234.46.
Chengdu Qinchuan IoT Technology Co's Days Inventory for the three months ended in Mar. 2024 was 71.08.
Chengdu Qinchuan IoT Technology Co's Days Payable for the three months ended in Mar. 2024 was 220.18.
Therefore, Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2024 was 85.36.

Chengdu Qinchuan IoT Technology Co Cash Conversion Cycle Historical Data

The historical data trend for Chengdu Qinchuan IoT Technology 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.

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Chengdu Qinchuan IoT Technology Co Cash Conversion Cycle Chart

Chengdu Qinchuan IoT Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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-81.97

-40.70

29.19

80.52

105.02

Chengdu Qinchuan IoT Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Conversion Cycle	Get a 7-Day Free Trial															160.54	112.61	130.04	102.21	85.36

Competitive Comparison of Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle

For the Scientific & Technical Instruments subindustry, Chengdu Qinchuan IoT Technology 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.

Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle falls into.

Chengdu Qinchuan IoT Technology 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.

Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	269.48	+	95.17	-	259.63
	=	105.02

Chengdu Qinchuan IoT Technology Co's Cash Conversion Cycle for the quarter that ended in Mar. 2024 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	234.46	+	71.08	-	220.18
	=	85.36

Chengdu Qinchuan IoT Technology Co (SHSE:688528) 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.

Chengdu Qinchuan IoT Technology Co Cash Conversion Cycle Related Terms

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Chengdu Qinchuan IoT Technology Co (SHSE:688528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Qinchuan IoT Technology Co Ltd (SHSE:688528) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.931 South Fourth Road, Economic Development Zone, Longquanyi District, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.cdqckj.com

Chengdu Qinchuan IoT Technology Co Ltd is engaged in manufacturing, sales and service of smart gas meters and Internet of Things system software. The company's main products are IC card smart gas meters, Internet of things smart gas meters, membrane gas meters, remote control smart gas meters and industrial and commercial gas meters.

Executives

Wu Yue Fei	Core technical personnel
Wang Jun	Supervisors
Liu Rong Fei	Supervisors
Li Yong	Directors, senior managers, core technical personn
Meng An Hua	Director
Xiang Hai Tang	Directors, senior managers, core technical personn
Quan Ya Qiang	Supervisors, core technical personnel
Li Yu Zhou	Director

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