Hengyuan Refining Co Bhd's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 22.08.
Hengyuan Refining Co Bhd's Days Inventory for the
three
months ended in Mar. 2026 was 20.97.
Hengyuan Refining Co Bhd's Days Payable for the
three
months ended in Mar. 2026 was 48.44.
Therefore, Hengyuan Refining Co Bhd's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was -5.39.
Hengyuan Refining Co Bhd (XKLS:4324) 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.
Hengyuan Refining Co Bhd Cash Conversion Cycle Related Terms
Hengyuan Refining Co Bhd Cash Conversion Cycle Historical Data
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The historical data trend for Hengyuan Refining Co Bhd'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.
Hengyuan Refining Co Bhd Cash Conversion Cycle Chart
XKLS:4324 vs VLO, MPC, PSX: Cash Conversion Cycle Comparison
For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co Bhd'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.
Hengyuan Refining Co Bhd Cash Conversion Cycle vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Hengyuan Refining Co Bhd's Cash Conversion Cycle falls into.
Hengyuan Refining Co Bhd 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.
Hengyuan Refining Co Bhd'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.
Hengyuan Refining Co Bhd (XKLS:4324) has a Cash Conversion Cycle of -5.39 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Hengyuan Refining Co Bhd and its competitors.
Is Hengyuan Refining Co Bhd's Cash Conversion Cycle too high?
Hengyuan Refining Co Bhd's current Cash Conversion Cycle is -5.39. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's Cash Conversion Cycle compare to VLO and MPC?
Hengyuan Refining Co Bhd's Cash Conversion Cycle of -5.39 can be compared against companies in the Oil & Gas industry. The industry median Cash Conversion Cycle is 18.25. 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 Oil & Gas company?
The median Cash Conversion Cycle among Oil & Gas companies is 18.25, based on 917 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 Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median Cash Conversion Cycle is 18.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current Cash Conversion Cycle is -5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.19, compared to a current price of RM1.07 — trading 10.1% below its estimated fair value. The current Cash Conversion Cycle is -5.39. Hengyuan Refining Co Bhd's overall GF Score™ is 54/100 with 2 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 Hengyuan Refining Co Bhd (XKLS:4324), the current Cash Conversion Cycle is -5.39 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 Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be undervalued.
The current stock price of RM1.07 is trading 10.1% below its estimated GF Value™ of RM1.19.
GuruFocus considers Hengyuan Refining Co Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:4324:
Cash Conversion Cycle: -5.39
GF Value™: RM1.19 vs. price of RM1.07 (10.1% below fair value)
No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
54GF Score
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