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Merry Electronics Co's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 101.37.
Merry Electronics Co's Days Inventory for the
three
months ended in Mar. 2026 was 64.74.
Merry Electronics Co's Days Payable for the
three
months ended in Mar. 2026 was 112.33.
Therefore, Merry Electronics Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 53.78.
Merry Electronics Co (TPE:2439) 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.
Merry Electronics Co Cash Conversion Cycle Related Terms
Merry Electronics Co Cash Conversion Cycle Historical Data
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The historical data trend for Merry Electronics Co'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:2439 vs AAPL: Cash Conversion Cycle Comparison
For the Consumer Electronics subindustry, Merry Electronics Co'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.
Merry Electronics Co Cash Conversion Cycle vs Hardware Industry
For the Hardware industry and Technology sector, Merry Electronics Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Merry Electronics Co's Cash Conversion Cycle falls into.
Merry Electronics Co 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.
Merry Electronics Co'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.
Merry Electronics Co (TPE:2439) has a Cash Conversion Cycle of 53.78 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Merry Electronics Co and its competitors.
Is Merry Electronics Co's Cash Conversion Cycle too high?
Merry Electronics Co's current Cash Conversion Cycle is 53.78. The Hardware industry median Cash Conversion Cycle is 98.95. Merry Electronics Co's value of 53.78 is 45.6% below this industry median. Overall, Merry Electronics Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Merry Electronics Co's Cash Conversion Cycle compare to AAPL?
Merry Electronics Co's Cash Conversion Cycle of 53.78 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 98.95. Merry Electronics Co's value of 53.78 is 45.6% 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 Hardware company?
The median Cash Conversion Cycle among Hardware companies is 98.95, based on 2,476 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. Merry Electronics Co's current Cash Conversion Cycle of 53.78 is 45.6% 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 Merry Electronics Co and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 98.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merry Electronics Co's current Cash Conversion Cycle is 53.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merry Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Merry Electronics Co (TPE:2439) is currently considered Possible Value Trap. The stock's GF Value™ is NT$119.83, compared to a current price of NT$80.20 — trading 33.1% below its estimated fair value. The current Cash Conversion Cycle is 53.78 and 45.6% below the Hardware industry median of 98.95. Merry Electronics Co's overall GF Score™ is 79/100 with 4 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 Merry Electronics Co (TPE:2439), the current Cash Conversion Cycle is 53.78 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 Merry Electronics Co (TPE:2439) Overvalued in 2026?
Based on GuruFocus' analysis, Merry Electronics Co stock appears to be undervalued.
The current stock price of NT$80.20 is trading 33.1% below its estimated GF Value™ of NT$119.83.
GuruFocus considers Merry Electronics Co to be Possible Value Trap.
Key valuation signals for TPE:2439:
Cash Conversion Cycle: 53.78
GF Value™: NT$119.83 vs. price of NT$80.20 (33.1% below fair value)
Industry Position: 45.6% below the Hardware median
No single metric tells the full story. See the TPE:2439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products, including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Taiwan, Shenzhen, Singapore, Vietnam, Thailand and others.
79GF Score
Get the complete analysis for TPE:2439
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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