AMTD IDEA Group (AMTD IDEA Group) Cash Conversion Cycle : -144.02 (As of Jun. 2023)

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What is AMTD IDEA Group Cash Conversion Cycle?

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

AMTD IDEA Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 27.15.
AMTD IDEA Group's Days Inventory for the six months ended in Jun. 2023 was 0.
AMTD IDEA Group's Days Payable for the six months ended in Jun. 2023 was 171.17.
Therefore, AMTD IDEA Group's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2023 was -144.02.

AMTD IDEA Group Cash Conversion Cycle Historical Data

The historical data trend for AMTD IDEA 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.

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AMTD IDEA Group Cash Conversion Cycle Chart

AMTD IDEA Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Conversion Cycle

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-1,571.18

257.21

-1,238.21

-740.73

-169.06

AMTD IDEA Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash Conversion Cycle	Get a 7-Day Free Trial							-894.62	-554.72	-232.85	-221.69	-144.02

Competitive Comparison of AMTD IDEA Group's Cash Conversion Cycle

For the Asset Management subindustry, AMTD IDEA 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.

AMTD IDEA Group's Cash Conversion Cycle Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, AMTD IDEA Group's Cash Conversion Cycle distribution charts can be found below:

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

AMTD IDEA 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.

AMTD IDEA Group's Cash Conversion Cycle for the fiscal year that ended in Dec. 2022 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	47.75	+	0	-	216.81
	=	-169.06

AMTD IDEA Group's Cash Conversion Cycle for the quarter that ended in Jun. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	27.15	+	0	-	171.17
	=	-144.02

AMTD IDEA Group (NYSE:AMTD) 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.

AMTD IDEA Group Cash Conversion Cycle Related Terms

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AMTD IDEA Group (AMTD IDEA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AMTD IDEA Group (NYSE:AMTD) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

HKB:Singapore

Address

41 Connaught Road Central, 23rd Floor Nexxus Building, Hong Kong, HKG

Website

https://www.amtdinc.com

AMTD IDEA Group is a financial institution operating in four business segment: The capital market solutions segment assists customers in raising funds through equity and debt financing, private placements and debt issuances. The digital solutions and other services segment provides institutional and corporate clients with exclusive, paid access to enhance investor communication, investor relations and corporate communication. The fashion and luxury media advertising and marketing services segment, engages in provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video production, social media activation. The strategic investment segment engages in proprietary investments and management of investment portfolio.