Coca-Cola HBC AG's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 41.99.
Coca-Cola HBC AG's Days Inventory for the
six
months ended in Dec. 2025 was 45.88.
Coca-Cola HBC AG's Days Payable for the
six
months ended in Dec. 2025 was 57.57.
Therefore, Coca-Cola HBC AG's Cash Conversion Cycle (CCC) for the
six
months ended in Dec. 2025 was 30.30.
Coca-Cola HBC AG (ATH:EEE) 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.
Coca-Cola HBC AG Cash Conversion Cycle Related Terms
Coca-Cola HBC AG Cash Conversion Cycle Historical Data
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The historical data trend for Coca-Cola HBC AG'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.
ATH:EEE vs KO, PEP, MNST: Cash Conversion Cycle Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.
Coca-Cola HBC AG Cash Conversion Cycle vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG's Cash Conversion Cycle falls into.
Coca-Cola HBC AG 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.
Coca-Cola HBC AG'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.
Coca-Cola HBC AG (ATH:EEE) has a Cash Conversion Cycle of 30.30 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Coca-Cola HBC AG and its competitors.
Is Coca-Cola HBC AG's Cash Conversion Cycle too high?
Coca-Cola HBC AG's current Cash Conversion Cycle is 30.30. The Beverages - Non-Alcoholic industry median Cash Conversion Cycle is 39.79. Coca-Cola HBC AG's value of 30.30 is 23.8% below this industry median. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Cash Conversion Cycle compare to KO and PEP?
Coca-Cola HBC AG's Cash Conversion Cycle of 30.30 can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median Cash Conversion Cycle is 39.79. Coca-Cola HBC AG's value of 30.30 is 23.8% 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 Beverages - Non-Alcoholic company?
The median Cash Conversion Cycle among Beverages - Non-Alcoholic companies is 39.79, based on 116 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. Coca-Cola HBC AG's current Cash Conversion Cycle of 30.30 is 23.8% 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 Coca-Cola HBC AG and its competitors. For the Beverages - Non-Alcoholic industry, the median Cash Conversion Cycle is 39.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current Cash Conversion Cycle is 30.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.50, compared to a current price of €53.50 — trading 39% above its estimated fair value. The current Cash Conversion Cycle is 30.30 and 23.8% below the Beverages - Non-Alcoholic industry median of 39.79. Coca-Cola HBC AG's overall GF Score™ is 96/100 with 4 warning signs to review. 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 Coca-Cola HBC AG (ATH:EEE), the current Cash Conversion Cycle is 30.30 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.
Is Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €53.50 is trading 39% above its estimated GF Value™ of €38.50.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Cash Conversion Cycle: 30.30
GF Value™: €38.50 vs. price of €53.50 (39% above fair value)
Industry Position: 23.8% below the Beverages - Non-Alcoholic median
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score
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