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Antelope Enterprise Holdings (Antelope Enterprise Holdings) Cash Conversion Cycle : 70.73 (As of Dec. 2022)


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What is Antelope Enterprise Holdings Cash Conversion Cycle?

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

Antelope Enterprise Holdings's Days Sales Outstanding for the six months ended in Dec. 2022 was 23.72.
Antelope Enterprise Holdings's Days Inventory for the six months ended in Dec. 2022 was 57.19.
Antelope Enterprise Holdings's Days Payable for the six months ended in Dec. 2022 was 10.18.
Therefore, Antelope Enterprise Holdings's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2022 was 70.73.


Antelope Enterprise Holdings Cash Conversion Cycle Historical Data

The historical data trend for Antelope Enterprise Holdings'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.

Antelope Enterprise Holdings Cash Conversion Cycle Chart

Antelope Enterprise Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 373.19 409.40 - 577.21 113.53

Antelope Enterprise Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 395.84 949.75 85.31 70.73 -2.20

Competitive Comparison of Antelope Enterprise Holdings's Cash Conversion Cycle

For the Building Products & Equipment subindustry, Antelope Enterprise Holdings'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.


Antelope Enterprise Holdings's Cash Conversion Cycle Distribution in the Construction Industry

For the Construction industry and Industrials sector, Antelope Enterprise Holdings's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Antelope Enterprise Holdings's Cash Conversion Cycle falls into.



Antelope Enterprise Holdings 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.

Antelope Enterprise Holdings'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
=71.73+48.84-7.04
=113.53

Antelope Enterprise Holdings's Cash Conversion Cycle for the quarter that ended in Dec. 2022 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=23.72+57.19-10.18
=70.73

* 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.


Antelope Enterprise Holdings  (NAS:AEHL) 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.


Antelope Enterprise Holdings Cash Conversion Cycle Related Terms

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Antelope Enterprise Holdings (Antelope Enterprise Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Zhonghai International Center, Room 1802, Block D, Hi-Tech Zone, Sichuan Province, Chengdu, CHN
Antelope Enterprise Holdings Ltd is a manufacturer of ceramic tiles in China. Its ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. The company's products are Porcelain, Glazed, Glazed porcelain, Rustic, and Ultra-thin tiles which are sold under the Hengda or HD brand, the Hengdeli or HDL brand, TOERTO, WULIQIAO, and Pottery Capital of Tang Dynasty brands. It also provides business management consulting, information system technology consulting services including the sales of software use rights for digital data deposit platforms and asset management systems, and online social media platform development and consulting.
Executives
Nisswa Acquisition Master Fund Ltd. other: no longer 10% owner C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Pine River Capital Management L.p. other: no longer 10% owner 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
Brian Taylor other: no longer 10% owner C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305