Hai Kwang Enterprise's Days Sales Outstanding for the
three
months ended in Dec. 2025 was 30.88.
Hai Kwang Enterprise's Days Inventory for the
three
months ended in Dec. 2025 was 113.22.
Hai Kwang Enterprise's Days Payable for the
three
months ended in Dec. 2025 was 13.49.
Therefore, Hai Kwang Enterprise's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2025 was 130.61.
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise Cash Conversion Cycle Related Terms
Hai Kwang Enterprise Cash Conversion Cycle Historical Data
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The historical data trend for Hai Kwang Enterprise'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.
TPE:2038 vs NUE, STLD, RS: Cash Conversion Cycle Comparison
For the Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise Cash Conversion Cycle vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's Cash Conversion Cycle falls into.
Hai Kwang Enterprise 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.
Hai Kwang Enterprise'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.
Hai Kwang Enterprise (TPE:2038) has a Cash Conversion Cycle of 130.61 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Hai Kwang Enterprise and its competitors.
Is Hai Kwang Enterprise's Cash Conversion Cycle too high?
Hai Kwang Enterprise's current Cash Conversion Cycle is 130.61. The Steel industry median Cash Conversion Cycle is 94.32. Hai Kwang Enterprise's value of 130.61 is 38.5% above this industry median. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Cash Conversion Cycle compare to NUE and STLD?
Hai Kwang Enterprise's Cash Conversion Cycle of 130.61 can be compared against companies in the Steel industry. The industry median Cash Conversion Cycle is 94.32. Hai Kwang Enterprise's value of 130.61 is 38.5% above 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 Steel company?
The median Cash Conversion Cycle among Steel companies is 94.32, based on 609 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. Hai Kwang Enterprise's current Cash Conversion Cycle of 130.61 is 38.5% above 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 Hai Kwang Enterprise and its competitors. For the Steel industry, the median Cash Conversion Cycle is 94.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current Cash Conversion Cycle is 130.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current Cash Conversion Cycle is 130.61 and 38.5% above the Steel industry median of 94.32. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 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 Hai Kwang Enterprise (TPE:2038), the current Cash Conversion Cycle is 130.61 as of Dec. 2025. 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11.
GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.
Key valuation signals for TPE:2038:
Cash Conversion Cycle: 130.61
GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score
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