Associated Industries China's Days Sales Outstanding for the
three
months ended in Dec. 2025 was 38.96.
Associated Industries China's Days Inventory for the
three
months ended in Dec. 2025 was 255.23.
Associated Industries China's Days Payable for the
three
months ended in Dec. 2025 was 22.01.
Therefore, Associated Industries China's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2025 was 272.18.
Associated Industries China (TPE:9912) 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.
Associated Industries China Cash Conversion Cycle Related Terms
Associated Industries China 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.
Associated Industries China Cash Conversion Cycle Chart
TPE:9912 vs APH, GLW: Cash Conversion Cycle Comparison
For the Electronic Components subindustry, Associated Industries China'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.
Associated Industries China Cash Conversion Cycle vs Hardware Industry
For the Hardware industry and Technology sector, Associated Industries China's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Associated Industries China's Cash Conversion Cycle falls into.
Associated Industries China 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.
Associated Industries China'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.
Associated Industries China (TPE:9912) has a Cash Conversion Cycle of 272.18 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Associated Industries China and its competitors.
Is Associated Industries China's Cash Conversion Cycle too high?
Associated Industries China's current Cash Conversion Cycle is 272.18. The Hardware industry median Cash Conversion Cycle is 98.93. Associated Industries China's value of 272.18 is 175.1% above this industry median. Overall, Associated Industries China has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Associated Industries China's Cash Conversion Cycle compare to APH and GLW?
Associated Industries China's Cash Conversion Cycle of 272.18 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 98.93. Associated Industries China's value of 272.18 is 175.1% 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 Hardware company?
The median Cash Conversion Cycle among Hardware companies is 98.93, based on 2,473 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. Associated Industries China's current Cash Conversion Cycle of 272.18 is 175.1% 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 Associated Industries China and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 98.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Industries China's current Cash Conversion Cycle is 272.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Industries China stock overvalued right now?
Based on GuruFocus' analysis, Associated Industries China (TPE:9912) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.36, compared to a current price of NT$12.70 — trading 11.8% above its estimated fair value. The current Cash Conversion Cycle is 272.18 and 175.1% above the Hardware industry median of 98.93. Associated Industries China's overall GF Score™ is 61/100 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 Associated Industries China (TPE:9912), the current Cash Conversion Cycle is 272.18 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 Associated Industries China (TPE:9912) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Industries China stock appears to be overvalued.
The current stock price of NT$12.70 is trading 11.8% above its estimated GF Value™ of NT$11.36.
GuruFocus considers Associated Industries China to be Modestly Overvalued.
Key valuation signals for TPE:9912:
Cash Conversion Cycle: 272.18
GF Value™: NT$11.36 vs. price of NT$12.70 (11.8% above fair value)
Industry Position: 175.1% above the Hardware median
No single metric tells the full story. See the TPE:9912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Industries China Inc is engaged in the research, development, and sale of LCD monitors, Medical equipment and Healthcare products, Other accessories, and the Real estate rental business. The company earns maximum revenue from LCD monitors, and geographically, the company earns maximum revenue from the Netherlands, followed by the United States, Taiwan, and others.
61GF Score
Get the complete analysis for TPE:9912
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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