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PSIG (PS International Group) Cash Conversion Cycle : -0.98 (As of Dec. 2022)


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What is PS International Group Cash Conversion Cycle?

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

PS International Group's Days Sales Outstanding for the six months ended in Dec. 2022 was 41.86.
PS International Group's Days Inventory for the six months ended in Dec. 2022 was 0.
PS International Group's Days Payable for the six months ended in Dec. 2022 was 42.84.
Therefore, PS International Group's Cash Conversion Cycle (CCC) for the six months ended in Dec. 2022 was -0.98.

PS International Group Cash Conversion Cycle Historical Data

The historical data trend for PS International 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.

PS International Group Cash Conversion Cycle Chart

PS International Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Conversion Cycle
-18.46 -15.43 -13.53 -3.05

PS International Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial -14.47 -16.17 -6.08 -0.98 -

Competitive Comparison of PS International Group's Cash Conversion Cycle

For the Integrated Freight & Logistics subindustry, PS International 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.

PS International Group's Cash Conversion Cycle Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PS International Group's Cash Conversion Cycle distribution charts can be found below:

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


PS International 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.

PS International 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
=40.75+0-43.8
=-3.05

PS International Group'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
=41.86+0-42.84
=-0.98

* 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.

PS International Group  (NAS:PSIG) 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.

PS International Group Cash Conversion Cycle Related Terms

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PS International Group Business Description

Industry
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Address
No. 2-16 Kwai Fung Crescent, Kwai Chung, Unit 1002, 10th Floor, Join-in Hang Sing Centre, New Territories, Hong Kong, HKG
Website
https://www.profitsail.com
PS International Group Ltd is a freight forwarding service provider in Hong Kong with networks across the globe. It provides air and ocean export and import freight forwarding services with optional ancillary logistics-related services such as cargo pick up, cargo handling at ports, and local transportation and warehousing-related services such as repackaging, labeling, palletization, preparation of shipping documentation, arrangement of customs clearance and warehousing to meet the requirement of customers.