GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (STU:F6H) » Definitions » Cash Conversion Cycle

Far East Horizon (STU:F6H) Cash Conversion Cycle : -129.01 (As of Dec. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Far East Horizon Cash Conversion Cycle?

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

Far East Horizon's Days Sales Outstanding for the six months ended in Dec. 2024 was 0.
Far East Horizon's Days Inventory for the six months ended in Dec. 2024 was 6.7.
Far East Horizon's Days Payable for the six months ended in Dec. 2024 was 135.71.
Therefore, Far East Horizon's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2024 was -129.01.


Far East Horizon Cash Conversion Cycle Historical Data

The historical data trend for Far East Horizon'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.

* Premium members only.

Far East Horizon Cash Conversion Cycle Chart

Far East Horizon Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -144.67 -223.16 -258.62 -202.85 -135.52

Far East Horizon Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -261.51 -232.92 -166.62 -174.72 -129.01

Competitive Comparison of Far East Horizon's Cash Conversion Cycle

For the Credit Services subindustry, Far East Horizon'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.


Far East Horizon's Cash Conversion Cycle Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Far East Horizon's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Far East Horizon's Cash Conversion Cycle falls into.


;
;

Far East Horizon 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.

Far East Horizon's Cash Conversion Cycle for the fiscal year that ended in Dec. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=0+7.3-142.82
=-135.52

Far East Horizon's Cash Conversion Cycle for the quarter that ended in Dec. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+6.7-135.71
=-129.01

* 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.


Far East Horizon  (STU:F6H) 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.


Far East Horizon Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Far East Horizon's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.


Far East Horizon Business Description

Traded in Other Exchanges
Address
9 Yaojiang Road, Far East Horizon Plaza, Pudong New Area, Shanghai, CHN
Far East Horizon Ltd is a specialty finance provider. Its service offerings include financial leasing and advisory, hospital investment and operation, equipment operation services, trading, and brokerage services as well as engineering management services, etc. The company operates in two segments; Financial, lease and advisory, and Industrial operation and management. A majority of its revenue is generated from the Financial, lease and advisory segment, which is engaged in providing direct finance leasing, sale-leaseback, factoring, entrusted loans, operating leases and sale of related equipment and materials, advisory services, and construction services. Geographically, the company derives maximum revenue from Mainland China, followed by Hong Kong and other locations.

Far East Horizon Headlines

No Headlines