Thoresen Thai Agencies PCL's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 72.7.
Thoresen Thai Agencies PCL's Days Inventory for the
three
months ended in Mar. 2026 was 26.2.
Thoresen Thai Agencies PCL's Days Payable for the
three
months ended in Mar. 2026 was 45.52.
Therefore, Thoresen Thai Agencies PCL's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 53.38.
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.
Thoresen Thai Agencies PCL Cash Conversion Cycle Related Terms
Thoresen Thai Agencies PCL Cash Conversion Cycle Historical Data
* 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.
THAFF vs HON, MMM: Cash Conversion Cycle Comparison
For the Conglomerates subindustry, Thoresen Thai Agencies PCL'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.
Thoresen Thai Agencies PCL Cash Conversion Cycle vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thoresen Thai Agencies PCL'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.
Thoresen Thai Agencies PCL'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.
Thoresen Thai Agencies PCL (THAFF) has a Cash Conversion Cycle of 53.38 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thoresen Thai Agencies PCL and its competitors.
Is Thoresen Thai Agencies PCL's Cash Conversion Cycle too high?
Thoresen Thai Agencies PCL's current Cash Conversion Cycle is 53.38. The Conglomerates industry median Cash Conversion Cycle is 70.95. Thoresen Thai Agencies PCL's value of 53.38 is 24.8% below this industry median. Overall, Thoresen Thai Agencies PCL has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Thoresen Thai Agencies PCL's Cash Conversion Cycle compare to HON and MMM?
Thoresen Thai Agencies PCL's Cash Conversion Cycle of 53.38 can be compared against companies in the Conglomerates industry. The industry median Cash Conversion Cycle is 70.95. Thoresen Thai Agencies PCL's value of 53.38 is 24.8% 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 Conglomerates company?
The median Cash Conversion Cycle among Conglomerates companies is 70.95, based on 546 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. Thoresen Thai Agencies PCL's current Cash Conversion Cycle of 53.38 is 24.8% 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 Thoresen Thai Agencies PCL and its competitors. For the Conglomerates industry, the median Cash Conversion Cycle is 70.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thoresen Thai Agencies PCL's current Cash Conversion Cycle is 53.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thoresen Thai Agencies PCL stock overvalued right now?
Thoresen Thai Agencies PCL (THAFF) has a current Cash Conversion Cycle of 53.38. The stock's GF Value™ is $0.23, compared to a current price of $0.20 — trading 13% below its estimated fair value. The current Cash Conversion Cycle is 53.38 and 24.8% below the Conglomerates industry median of 70.95. Thoresen Thai Agencies PCL's overall GF Score™ is 81/100 with 5 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 Thoresen Thai Agencies PCL (THAFF), the current Cash Conversion Cycle is 53.38 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 Thoresen Thai Agencies PCL (THAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Thoresen Thai Agencies PCL stock appears to be undervalued.
The current stock price of $0.20 is trading 13% below its estimated GF Value™ of $0.23.
Key valuation signals for THAFF:
Cash Conversion Cycle: 53.38
GF Value™: $0.23 vs. price of $0.20 (13% below fair value)
Industry Position: 24.8% below the Conglomerates median
No single metric tells the full story. See the THAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from the Offshore Service segment.
81GF Score
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