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GLE (Global Engine Group Holding) Cash Conversion Cycle : 0.00 (As of Dec. 2023)


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What is Global Engine Group Holding Cash Conversion Cycle?

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

Global Engine Group Holding's Days Sales Outstanding for the three months ended in Dec. 2023 was .
Global Engine Group Holding's Days Inventory for the three months ended in Dec. 2023 was .
Global Engine Group Holding's Days Payable for the three months ended in Dec. 2023 was .
Therefore, Global Engine Group Holding's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 0.00.

Global Engine Group Holding Cash Conversion Cycle Historical Data

The historical data trend for Global Engine Group Holding'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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Global Engine Group Holding Cash Conversion Cycle Chart

Global Engine Group Holding Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Cash Conversion Cycle
-3.32 -32.51 4.25 7.48

Global Engine Group Holding Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Conversion Cycle Get a 7-Day Free Trial - - - - -

Competitive Comparison of Global Engine Group Holding's Cash Conversion Cycle

For the Information Technology Services subindustry, Global Engine Group Holding'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.

Global Engine Group Holding's Cash Conversion Cycle Distribution in the Software Industry

For the Software industry and Technology sector, Global Engine Group Holding's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Global Engine Group Holding's Cash Conversion Cycle falls into.


Global Engine Group Holding 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.

Global Engine Group Holding's Cash Conversion Cycle for the fiscal year that ended in Jun. 2023 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=40.4+0-32.92
=7.48

Global Engine Group Holding's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

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

* 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.

Global Engine Group Holding  (NAS:GLE) 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.

Global Engine Group Holding Cash Conversion Cycle Related Terms

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Global Engine Group Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Engine Group Holding Ltd (NAS:GLE) » Definitions » Cash Conversion Cycle
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Traded in Other Exchanges
N/A
Address
95 How Ming Street,, Room C, 19th Floor, World Tech Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Website
https://www.globalengine.com.hk
Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.