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Shenni Holdings's Days Sales Outstanding for the
six
months ended in Sep. 2024 was 96.82.
Shenni Holdings's Days Inventory for the
six
months ended in Sep. 2024 was 28.
Shenni Holdings's Days Payable for the
six
months ended in Sep. 2024 was 94.95.
Therefore, Shenni Holdings's Cash Conversion Cycle (CCC) for the
six
months ended in Sep. 2024 was 29.87.
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.
Shenni Holdings Cash Conversion Cycle Related Terms
Shenni Holdings Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Shenni Holdings'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.
Shenni Holdings Cash Conversion Cycle Chart
Shenni Holdings Annual Data
Trend
Mar23
Mar24
Cash Conversion Cycle
185.86
25.24
Shenni Holdings Semi-Annual Data
Mar23
Sep23
Mar24
Sep24
Cash Conversion Cycle
0.00
40.78
24.59
29.87
SNI vs : Cash Conversion Cycle Comparison
For the Medical Devices subindustry, Shenni Holdings'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.
Shenni Holdings Cash Conversion Cycle vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shenni Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Shenni Holdings'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.
Shenni Holdings's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 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.
Shenni Holdings (SNI) has a Cash Conversion Cycle of 29.87 as of Sep. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Shenni Holdings and its competitors.
Is Shenni Holdings' Cash Conversion Cycle too high?
Shenni Holdings' current Cash Conversion Cycle is 29.87. The Medical Devices & Instruments industry median Cash Conversion Cycle is 159.01. Shenni Holdings' value of 29.87 is 81.2% below this industry median.
How does Shenni Holdings' Cash Conversion Cycle compare to ?
Shenni Holdings' Cash Conversion Cycle of 29.87 can be compared against companies in the Medical Devices & Instruments industry. The industry median Cash Conversion Cycle is 159.01. Shenni Holdings' value of 29.87 is 81.2% 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 Medical Devices & Instruments company?
The median Cash Conversion Cycle among Medical Devices & Instruments companies is 159.01, 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. Shenni Holdings's current Cash Conversion Cycle of 29.87 is 81.2% 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 Shenni Holdings and its competitors. For the Medical Devices & Instruments industry, the median Cash Conversion Cycle is 159.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenni Holdings's current Cash Conversion Cycle is 29.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenni Holdings stock overvalued right now?
Shenni Holdings (SNI) has a current Cash Conversion Cycle of 29.87. The current Cash Conversion Cycle is 29.87 and 81.2% below the Medical Devices & Instruments industry median of 159.01. 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 Shenni Holdings (SNI), the current Cash Conversion Cycle is 29.87 as of Sep. 2024. 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.
AddressBiopharmaceutical Industry Park, South Bridge Yongfeng County, Jiangxi Province, Jian, CHN, 331500
Shenni Holdings Ltd is a holding company. Through its operating subsidiaries in China, it is engaged in the business of the manufacture and distribution of urology medical devices and care products as well as the distribution of cardiovascular and cerebrovascular medical devices. Its products include Guide Wire, Catheter Sheath, and PTA Balloon Catheter. The company derives its revenue from three sources: (i) sales and distribution of urology medical devices (ii) sales and distribution of urology care products, and (iii) sales and distribution of cardiovascular and cerebrovascular medical devices.
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