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Black Sea Property's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 120.31.
Black Sea Property's Days Inventory for the
six
months ended in Dec. 2025 was 0.
Black Sea Property's Days Payable for the
six
months ended in Dec. 2025 was 40.83.
Therefore, Black Sea Property's Cash Conversion Cycle (CCC) for the
six
months ended in Dec. 2025 was 79.48.
Black Sea Property (AQSE:BSP) 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.
Black Sea Property Cash Conversion Cycle Related Terms
Black Sea Property Cash Conversion Cycle Historical Data
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The historical data trend for Black Sea Property'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.
AQSE:BSP vs CBRE, BEKE, JLL: Cash Conversion Cycle Comparison
For the Real Estate Services subindustry, Black Sea Property'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.
Black Sea Property Cash Conversion Cycle vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Black Sea Property's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Black Sea Property's Cash Conversion Cycle falls into.
Black Sea Property 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.
Black Sea Property's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Black Sea Property (AQSE:BSP) has a Cash Conversion Cycle of 79.48 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Black Sea Property and its competitors.
Is Black Sea Property's Cash Conversion Cycle too high?
Black Sea Property's current Cash Conversion Cycle is 79.48. The Real Estate industry median Cash Conversion Cycle is 316.06. Black Sea Property's value of 79.48 is 74.9% below this industry median.
How does Black Sea Property's Cash Conversion Cycle compare to CBRE and BEKE?
Black Sea Property's Cash Conversion Cycle of 79.48 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 316.06. Black Sea Property's value of 79.48 is 74.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Real Estate company?
The median Cash Conversion Cycle among Real Estate companies is 316.06, based on 1,731 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Sea Property's current Cash Conversion Cycle of 79.48 is 74.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Black Sea Property and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 316.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sea Property's current Cash Conversion Cycle is 79.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sea Property stock overvalued right now?
Based on GuruFocus' analysis, Black Sea Property (AQSE:BSP) is currently considered Fairly Valued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading right at its estimated fair value. The current Cash Conversion Cycle is 79.48 and 74.9% below the Real Estate industry median of 316.06. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Black Sea Property (AQSE:BSP), the current Cash Conversion Cycle is 79.48 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.
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