TSPG (TGI Solar Power Group) Cash Conversion Cycle: 0.00 (As of Jul. 2023)


What is TGI Solar Power Group Cash Conversion Cycle?

TGI Solar Power Group TSPG -4.35% Cash Conversion Cycle is 0.00 as of Jul. 2023.

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

TGI Solar Power Group's Days Sales Outstanding for the six months ended in Jul. 2023 was 0.
TGI Solar Power Group's Days Inventory for the six months ended in Jul. 2023 was .
TGI Solar Power Group's Days Payable for the six months ended in Jul. 2023 was .
Therefore, TGI Solar Power Group's Cash Conversion Cycle (CCC) for the six months ended in Jul. 2023 was 0.00.

TGI Solar Power Group  (OTCPK:TSPG) 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.

TGI Solar Power Group Cash Conversion Cycle Related Terms

TGI Solar Power Group Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for TGI Solar Power 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.

TGI Solar Power Group Cash Conversion Cycle Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
Cash Conversion Cycle
0.00 0.00 0.00 0.00 0.00

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00

TSPG vs ASTI, PTOS, GSLR: Cash Conversion Cycle Comparison

For the Solar subindustry, TGI Solar Power 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.

TGI Solar Power Group Cash Conversion Cycle vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TGI Solar Power Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where TGI Solar Power Group's Cash Conversion Cycle falls into.


TGI Solar Power Group 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.

TGI Solar Power Group's Cash Conversion Cycle for the fiscal year that ended in Jul. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=0+-
=0.00

TGI Solar Power Group's Cash Conversion Cycle for the quarter that ended in Jul. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0+-
=0.00

* 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 0.00 mean?
TGI Solar Power Group (TSPG) has a Cash Conversion Cycle of 0.00 as of Jul. 2023. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on TGI Solar Power Group and its competitors.
Is TGI Solar Power Group's Cash Conversion Cycle too high?
TGI Solar Power Group's current Cash Conversion Cycle is 0.00.
How does TGI Solar Power Group's Cash Conversion Cycle compare to ASTI and PTOS?
TGI Solar Power Group's Cash Conversion Cycle of 0.00 can be compared against companies in the Semiconductors industry. The industry median Cash Conversion Cycle is 116.11. 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 Semiconductors company?
The median Cash Conversion Cycle among Semiconductors companies is 116.11, based on 1,021 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. 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 TGI Solar Power Group and its competitors. For the Semiconductors industry, the median Cash Conversion Cycle is 116.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGI Solar Power Group's current Cash Conversion Cycle is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGI Solar Power Group stock overvalued right now?
TGI Solar Power Group (TSPG) has a current Cash Conversion Cycle of 0.00. The current Cash Conversion Cycle is 0.00. 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 TGI Solar Power Group (TSPG), the current Cash Conversion Cycle is 0.00 as of Jul. 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.

TGI Solar Power Group Business Description

Address 1801 North East 123rd Street, North Miami, FL, USA, 33181
TGI Solar Power Group Inc is a diversified holding company. The company offers its products and services to clients of various countries and maintains JVs and strategic alliances with installation, integration and energy consulting firms. It focuses on acquiring and developing patented technologies and processes with commercial value.