Topmix Bhd (XKLS:0302) Cash Conversion Cycle : 0.00 (As of Sep. 2023)

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What is Topmix Bhd Cash Conversion Cycle?

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

Topmix Bhd's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.
Topmix Bhd's Days Inventory for the three months ended in Sep. 2023 was 0.
Topmix Bhd's Days Payable for the three months ended in Sep. 2023 was 0.
Therefore, Topmix Bhd's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2023 was 0.00.

Topmix Bhd Cash Conversion Cycle Historical Data

The historical data trend for Topmix 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.

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Topmix Bhd Cash Conversion Cycle Chart

Topmix Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Cash Conversion Cycle

252.88

202.99

143.34

Topmix Bhd Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Cash Conversion Cycle	-	-	-	131.70	-

Competitive Comparison of Topmix Bhd's Cash Conversion Cycle

For the Furnishings, Fixtures & Appliances subindustry, Topmix 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.

Topmix Bhd's Cash Conversion Cycle Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Topmix Bhd's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Topmix Bhd's Cash Conversion Cycle falls into.

Topmix 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.

Topmix Bhd'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
	=	66.87	+	90.27	-	13.8
	=	143.34

Topmix Bhd's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

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

Topmix Bhd (XKLS:0302) 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.

Topmix Bhd Cash Conversion Cycle Related Terms

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Topmix Bhd (XKLS:0302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Topmix Bhd (XKLS:0302) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300

Website

https://www.topmixhpl.com

Topmix Bhd is involved in the marketing and sales of its own brands of surface decorative products. It also undertakes the design of surface decorative products internally as well as in collaboration with third-party decor paper suppliers. The company's surface decorative products mainly comprise HPL products. It also markets and sells compact panels, PVC edging, wall panels, decorative boards, and PVC plywood. Its surface decorative products are used in a variety of commercial and residential interior surface applications, including wall panels, countertops, table tops, furniture as well as fixtures and displays. It also offers consultation and installation works for compact panel products, in selected instances based on the requirements of its customers, comprising interior designers.

Topmix Bhd (XKLS:0302) Headlines

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