Mercuries & Associates (TPE:2905) Cash Conversion Cycle: 15.87 (As of Dec. 2025)


TPE:2905 Mercuries & Associates Ltd TPE:2905
69 GF Score
Price NT$15.05
GF Value NT$11.65
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Mercuries & Associates Cash Conversion Cycle?

Mercuries & Associates TPE:2905 +2.38% 69 Cash Conversion Cycle is 15.87 as of Dec. 2025. GuruFocus rates TPE:2905 with a GF Score™ of 69/100 and a GF Value™ of NT$11.65 (Modestly Overvalued). The stock has 7 warning signs investors should review.

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

Mercuries & Associates's Days Sales Outstanding for the three months ended in Dec. 2025 was 1.97.
Mercuries & Associates's Days Inventory for the three months ended in Dec. 2025 was 26.12.
Mercuries & Associates's Days Payable for the three months ended in Dec. 2025 was 12.22.
Therefore, Mercuries & Associates's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2025 was 15.87.


Mercuries & Associates  (TPE:2905) 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.


Mercuries & Associates Cash Conversion Cycle Related Terms


Mercuries & Associates Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Mercuries & Associates'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.

Mercuries & Associates Cash Conversion Cycle Chart

Mercuries & Associates Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.09 17.56 18.07 21.34 40.87

Mercuries & Associates Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 27.07 26.25 3.00 16.65 15.87

TPE:2905 vs AFL, MET, PRU: Cash Conversion Cycle Comparison

For the Insurance - Life subindustry, Mercuries & Associates'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.


Mercuries & Associates Cash Conversion Cycle vs Insurance Industry

For the Insurance industry and Financial Services sector, Mercuries & Associates's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Mercuries & Associates's Cash Conversion Cycle falls into.


TPE:2905
69GF Score
Mercuries & Associates Ltd TPE:2905
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercuries & Associates 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.

Mercuries & Associates's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=2.68+70.43-32.24
=40.87

Mercuries & Associates's Cash Conversion Cycle for the quarter that ended in Dec. 2025 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=1.97+26.12-12.22
=15.87

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 15.87 mean?
Mercuries & Associates (TPE:2905) has a Cash Conversion Cycle of 15.87 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Mercuries & Associates and its competitors.
Is Mercuries & Associates' Cash Conversion Cycle too high?
Mercuries & Associates' current Cash Conversion Cycle is 15.87. The Insurance industry median Cash Conversion Cycle is 7.68. Mercuries & Associates' value of 15.87 is 106.8% above this industry median. Overall, Mercuries & Associates has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercuries & Associates' Cash Conversion Cycle compare to AFL and MET?
Mercuries & Associates' Cash Conversion Cycle of 15.87 can be compared against companies in the Insurance industry. The industry median Cash Conversion Cycle is 7.68. Mercuries & Associates' value of 15.87 is 106.8% 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 an Insurance company?
The median Cash Conversion Cycle among Insurance companies is 7.68, based on 64 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. Mercuries & Associates's current Cash Conversion Cycle of 15.87 is 106.8% 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 Mercuries & Associates and its competitors. For the Insurance industry, the median Cash Conversion Cycle is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercuries & Associates's current Cash Conversion Cycle is 15.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries & Associates stock overvalued right now?
Based on GuruFocus' analysis, Mercuries & Associates (TPE:2905) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.65, compared to a current price of NT$15.05 — trading 29.2% above its estimated fair value. The current Cash Conversion Cycle is 15.87 and 106.8% above the Insurance industry median of 7.68. Mercuries & Associates' overall GF Score™ is 69/100 with 7 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 Mercuries & Associates (TPE:2905), the current Cash Conversion Cycle is 15.87 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 Mercuries & Associates (TPE:2905) Overvalued in 2026?

Based on GuruFocus' analysis, Mercuries & Associates stock appears to be overvalued. The current stock price of NT$15.05 is trading 29.2% above its estimated GF Value™ of NT$11.65. GuruFocus considers Mercuries & Associates to be Modestly Overvalued.

Key valuation signals for TPE:2905:

  • Cash Conversion Cycle: 15.87
  • GF Value™: NT$11.65 vs. price of NT$15.05 (29.2% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 106.8% above the Insurance median

No single metric tells the full story. See the TPE:2905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercuries & Associates Business Description

Address No. 145, Section 2, Chien Kuo North Road, Taipei, TWN
Mercuries & Associates Ltd is mainly engaged in finance and investment. The company is engaged in diversified businesses such as insurance, food and beverage, pharmaceutical, and IT integration. The segment of the company include Life insurance, Retail, Food and beverage, Food, IT service, Pharmaceutical, and Others. The company derives maximum revenue from the Life Insurance segment. Geographically, the company operates in domestic regions only.
69GF Score

Get the complete analysis for TPE:2905

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$15.05
Price
NT$11.65
GF Value