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UNEGF (United Energy Group) Cash Conversion Cycle : -56.78 (As of Jun. 2024)


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What is United Energy Group Cash Conversion Cycle?

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

United Energy Group's Days Sales Outstanding for the six months ended in Jun. 2024 was 143.78.
United Energy Group's Days Inventory for the six months ended in Jun. 2024 was 8.06.
United Energy Group's Days Payable for the six months ended in Jun. 2024 was 208.62.
Therefore, United Energy Group's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2024 was -56.78.


United Energy Group Cash Conversion Cycle Historical Data

The historical data trend for United Energy 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.

* Premium members only.

United Energy Group Cash Conversion Cycle Chart

United Energy Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.83 107.80 138.70 132.66 26.63

United Energy Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 113.87 165.62 150.44 52.69 -56.78

Competitive Comparison of United Energy Group's Cash Conversion Cycle

For the Oil & Gas E&P subindustry, United Energy 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.


United Energy Group's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, United Energy Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where United Energy Group's Cash Conversion Cycle falls into.



United Energy 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.

United Energy Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=158.43+12.82-144.62
=26.63

United Energy Group's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=143.78+8.06-208.62
=-56.78

* 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.


United Energy Group  (OTCPK:UNEGF) 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.


United Energy Group Cash Conversion Cycle Related Terms

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United Energy Group Business Description

Traded in Other Exchanges
Address
Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG
United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. The company has two reportable segments; Exploration and production, and Trading. The Exploration and production segment which generates key revenue includes activities relating to the exploration and production of crude oil and natural gas in Pakistan, Middle East, and North Africa. The Trading segment represents its activities relating to the trading of petrochemicals. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, United Arab Emirates, Oman, Malaysia, South Korea, and Iraq which is also its key revenue generating market.

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