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Tingo Group's Days Sales Outstanding for the
three
months ended in Sep. 2023 was 56.44.
Tingo Group's Days Inventory for the
three
months ended in Sep. 2023 was 0.03.
Tingo Group's Days Payable for the
three
months ended in Sep. 2023 was 41.93.
Therefore, Tingo Group's Cash Conversion Cycle (CCC) for the
three
months ended in Sep. 2023 was 14.54.
Tingo Group (OTCPK:TIOG) 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.
Tingo Group Cash Conversion Cycle Related Terms
Tingo Group Cash Conversion Cycle Historical Data
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The historical data trend for Tingo Group'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.
TIOG vs AMJT, TRAK, PSQH: Cash Conversion Cycle Comparison
For the Software - Application subindustry, Tingo Group'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.
Tingo Group Cash Conversion Cycle vs Software Industry
For the Software industry and Technology sector, Tingo Group's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Tingo Group'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.
Tingo Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 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.
Tingo Group (TIOG) has a Cash Conversion Cycle of 14.54 as of Sep. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Tingo Group and its competitors.
Is Tingo Group's Cash Conversion Cycle too high?
Tingo Group's current Cash Conversion Cycle is 14.54. The Software industry median Cash Conversion Cycle is 32.17. Tingo Group's value of 14.54 is 54.8% below this industry median. Overall, Tingo Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Tingo Group's Cash Conversion Cycle compare to AMJT and TRAK?
Tingo Group's Cash Conversion Cycle of 14.54 can be compared against companies in the Software industry. The industry median Cash Conversion Cycle is 32.17. Tingo Group's value of 14.54 is 54.8% 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 Software company?
The median Cash Conversion Cycle among Software companies is 32.17, based on 2,807 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. Tingo Group's current Cash Conversion Cycle of 14.54 is 54.8% 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 Tingo Group and its competitors. For the Software industry, the median Cash Conversion Cycle is 32.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tingo Group's current Cash Conversion Cycle is 14.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingo Group stock overvalued right now?
Tingo Group (TIOG) has a current Cash Conversion Cycle of 14.54. The current Cash Conversion Cycle is 14.54 and 54.8% below the Software industry median of 32.17. Tingo Group's overall GF Score™ is 16/100. 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 Tingo Group (TIOG), the current Cash Conversion Cycle is 14.54 as of Sep. 2023. 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.
Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.
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