Thrace Plastics Holding and Commercial (ATH:PLAT) 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.
Thrace Plastics Holding and Commercial Cash Conversion Cycle Related Terms
Thrace Plastics Holding and Commercial 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.
Thrace Plastics Holding and Commercial Cash Conversion Cycle Chart
Thrace Plastics Holding and Commercial Annual Data
For the Textile Manufacturing subindustry, Thrace Plastics Holding and Commercial'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.
Thrace Plastics Holding and Commercial Cash Conversion Cycle vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thrace Plastics Holding and Commercial's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Thrace Plastics Holding and Commercial's Cash Conversion Cycle falls into.
Thrace Plastics Holding and Commercial 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.
Thrace Plastics Holding and Commercial (ATH:PLAT) has a Cash Conversion Cycle of 118.21 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Thrace Plastics Holding and Commercial and its competitors.
Is Thrace Plastics Holding and Commercial's Cash Conversion Cycle too high?
Thrace Plastics Holding and Commercial's current Cash Conversion Cycle is 118.21. The Manufacturing - Apparel & Accessories industry median Cash Conversion Cycle is 124.30. Thrace Plastics Holding and Commercial's value of 118.21 is 4.9% below this industry median. Overall, Thrace Plastics Holding and Commercial has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thrace Plastics Holding and Commercial's Cash Conversion Cycle compare to AIN?
Thrace Plastics Holding and Commercial's Cash Conversion Cycle of 118.21 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Cash Conversion Cycle is 124.30. Thrace Plastics Holding and Commercial's value of 118.21 is 4.9% 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 Manufacturing - Apparel & Accessories company?
The median Cash Conversion Cycle among Manufacturing - Apparel & Accessories companies is 124.30, based on 1,040 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. Thrace Plastics Holding and Commercial's current Cash Conversion Cycle of 118.21 is 4.9% 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 Thrace Plastics Holding and Commercial and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cash Conversion Cycle is 124.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thrace Plastics Holding and Commercial's current Cash Conversion Cycle is 118.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thrace Plastics Holding and Commercial stock overvalued right now?
Based on GuruFocus' analysis, Thrace Plastics Holding and Commercial (ATH:PLAT) is currently considered Fairly Valued. The stock's GF Value™ is €4.44, compared to a current price of €4.60 — trading 3.6% above its estimated fair value. The current Cash Conversion Cycle is 118.21 and 4.9% below the Manufacturing - Apparel & Accessories industry median of 124.30. Thrace Plastics Holding and Commercial's overall GF Score™ is 76/100 with 8 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 Thrace Plastics Holding and Commercial (ATH:PLAT), the current Cash Conversion Cycle is 118.21 as of Mar. 2026. 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 Thrace Plastics Holding and Commercial (ATH:PLAT) Overvalued in 2026?
Based on GuruFocus' analysis, Thrace Plastics Holding and Commercial stock appears to be overvalued.
The current stock price of €4.60 is trading 3.6% above its estimated GF Value™ of €4.44.
GuruFocus considers Thrace Plastics Holding and Commercial to be Fairly Valued.
Key valuation signals for ATH:PLAT:
Cash Conversion Cycle: 118.21
GF Value™: €4.44 vs. price of €4.60 (3.6% above fair value)
Industry Position: 4.9% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the ATH:PLAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thrace Plastics Holding and Commercial Business Description
Thrace Plastics Holding and Commercial SA are engaged in the production and distribution of polypropylene products. The business segments of the company are the technical fabrics sector which is concerned with the production and trade of synthetic fabrics for industrial and technical uses; packaging sector which is concerned with production and trade of industrial products, including mainly bags and palletizing film for the packaging of fertilizers, fish feed, animal feed and chemical and inert materials; and Other, that includes agriculture sector. Geographically, the company generates majority of its revenue from European Union Countries.
76GF Score
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