Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) 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.
Thessaloniki Water Supply & Sewerage Co Cash Conversion Cycle Related Terms
Thessaloniki Water Supply & Sewerage Co Cash Conversion Cycle Historical Data
* 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.
Thessaloniki Water Supply & Sewerage Co Cash Conversion Cycle Chart
Thessaloniki Water Supply & Sewerage Co Annual Data
ATH:EYAPS vs AWK, WTRG, AWR: Cash Conversion Cycle Comparison
For the Utilities - Regulated Water subindustry, Thessaloniki Water Supply & Sewerage Co'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.
Thessaloniki Water Supply & Sewerage Co Cash Conversion Cycle vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Thessaloniki Water Supply & Sewerage Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thessaloniki Water Supply & Sewerage Co's Cash Conversion Cycle falls into.
Thessaloniki Water Supply & Sewerage Co 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.
* 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.
Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) has a Cash Conversion Cycle of 296.14 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thessaloniki Water Supply & Sewerage Co and its competitors.
Is Thessaloniki Water Supply & Sewerage Co's Cash Conversion Cycle too high?
Thessaloniki Water Supply & Sewerage Co's current Cash Conversion Cycle is 296.14. The Utilities - Regulated industry median Cash Conversion Cycle is 13.93. Thessaloniki Water Supply & Sewerage Co's value of 296.14 is 2025.9% above this industry median. Overall, Thessaloniki Water Supply & Sewerage Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thessaloniki Water Supply & Sewerage Co's Cash Conversion Cycle compare to AWK and WTRG?
Thessaloniki Water Supply & Sewerage Co's Cash Conversion Cycle of 296.14 can be compared against companies in the Utilities - Regulated industry. The industry median Cash Conversion Cycle is 13.93. Thessaloniki Water Supply & Sewerage Co's value of 296.14 is 2025.9% 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 an Utilities - Regulated company?
The median Cash Conversion Cycle among Utilities - Regulated companies is 13.93, based on 497 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. Thessaloniki Water Supply & Sewerage Co's current Cash Conversion Cycle of 296.14 is 2025.9% 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 Thessaloniki Water Supply & Sewerage Co and its competitors. For the Utilities - Regulated industry, the median Cash Conversion Cycle is 13.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thessaloniki Water Supply & Sewerage Co's current Cash Conversion Cycle is 296.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thessaloniki Water Supply & Sewerage Co stock overvalued right now?
Based on GuruFocus' analysis, Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.79, compared to a current price of €4.59 — trading 21.1% above its estimated fair value. The current Cash Conversion Cycle is 296.14 and 2025.9% above the Utilities - Regulated industry median of 13.93. Thessaloniki Water Supply & Sewerage Co's overall GF Score™ is 78/100 with 6 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 Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS), the current Cash Conversion Cycle is 296.14 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 Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) Overvalued in 2026?
Based on GuruFocus' analysis, Thessaloniki Water Supply & Sewerage Co stock appears to be overvalued.
The current stock price of €4.59 is trading 21.1% above its estimated GF Value™ of €3.79.
GuruFocus considers Thessaloniki Water Supply & Sewerage Co to be Modestly Overvalued.
Key valuation signals for ATH:EYAPS:
Cash Conversion Cycle: 296.14
GF Value™: €3.79 vs. price of €4.59 (21.1% above fair value)
Industry Position: 2025.9% above the Utilities - Regulated median
No single metric tells the full story. See the ATH:EYAPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thessaloniki Water Supply & Sewerage Co Business Description
Thessaloniki Water Supply & Sewerage Co SA is engaged in providing water supply and sewerage services. The company also provides telecommunication services and the production and sale of electricity. The operating segments of the company are the provision of water supply services and the provision of sewerage services, where the provision of water supply services segment derives a majority of the revenue.
78GF Score
Get the complete analysis for ATH:EYAPS
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ATH:EYAPS has been successfully added to your 
