First Graphene's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 47.95.
First Graphene's Days Inventory for the
six
months ended in Dec. 2025 was 391.63.
First Graphene's Days Payable for the
six
months ended in Dec. 2025 was 183.67.
Therefore, First Graphene's Cash Conversion Cycle (CCC) for the
six
months ended in Dec. 2025 was 255.91.
First Graphene (ASX:FGR) 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.
First Graphene Cash Conversion Cycle Related Terms
First Graphene Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for First Graphene'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.
For the Chemicals subindustry, First Graphene'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.
First Graphene Cash Conversion Cycle vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, First Graphene's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where First Graphene's Cash Conversion Cycle falls into.
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.
First Graphene's Cash Conversion Cycle for the fiscal year that ended in Jun. 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.
First Graphene (ASX:FGR) has a Cash Conversion Cycle of 255.91 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on First Graphene and its competitors.
Is First Graphene's Cash Conversion Cycle too high?
First Graphene's current Cash Conversion Cycle is 255.91. The Chemicals industry median Cash Conversion Cycle is 89.20. First Graphene's value of 255.91 is 186.9% above this industry median.
How does First Graphene's Cash Conversion Cycle compare to DOW?
First Graphene's Cash Conversion Cycle of 255.91 can be compared against companies in the Chemicals industry. The industry median Cash Conversion Cycle is 89.20. First Graphene's value of 255.91 is 186.9% above 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 Chemicals company?
The median Cash Conversion Cycle among Chemicals companies is 89.20, based on 1,581 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. First Graphene's current Cash Conversion Cycle of 255.91 is 186.9% above 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 First Graphene and its competitors. For the Chemicals industry, the median Cash Conversion Cycle is 89.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Graphene's current Cash Conversion Cycle is 255.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Graphene stock overvalued right now?
Based on GuruFocus' analysis, First Graphene (ASX:FGR) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.04, compared to a current price of A$0.06 — trading 47.5% above its estimated fair value. The current Cash Conversion Cycle is 255.91 and 186.9% above the Chemicals industry median of 89.20. 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 First Graphene (ASX:FGR), the current Cash Conversion Cycle is 255.91 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.
First Graphene Ltd is an advanced materials company. It is the producer of graphene which is exfoliated from high-grade, crystalline Sri Lankan graphite. The company's graphene products are used in Fire retardant coatings, Concrete strengthening, Battery electrode materials, Conductive inks and sensors, Rubber and composite strengthening and Moisture barrier in thermoset composites. Its operating segments includes Graphene production; Research and development; Corporate services and Mining Asset Maintenance. The company generates maximum revenue from the Graphene production segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:FGR has been successfully added to your 