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Onix Solar Energy's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 124.07.
Onix Solar Energy's Days Inventory for the
three
months ended in Mar. 2026 was 149.1.
Onix Solar Energy's Days Payable for the
three
months ended in Mar. 2026 was 34.73.
Therefore, Onix Solar Energy's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 238.44.
Onix Solar Energy (BOM:513119) 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.
Onix Solar Energy Cash Conversion Cycle Related Terms
Onix Solar Energy Cash Conversion Cycle Historical Data
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The historical data trend for Onix Solar Energy'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.
BOM:513119 vs FSLR, NXT, ENPH: Cash Conversion Cycle Comparison
For the Solar subindustry, Onix Solar Energy'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.
Onix Solar Energy Cash Conversion Cycle vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onix Solar Energy's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Onix Solar Energy's Cash Conversion Cycle falls into.
Onix Solar Energy 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.
Onix Solar Energy's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 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.
Onix Solar Energy (BOM:513119) has a Cash Conversion Cycle of 238.44 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Onix Solar Energy and its competitors.
Is Onix Solar Energy's Cash Conversion Cycle too high?
Onix Solar Energy's current Cash Conversion Cycle is 238.44. The Semiconductors industry median Cash Conversion Cycle is 116.21. Onix Solar Energy's value of 238.44 is 105.2% above this industry median. Overall, Onix Solar Energy has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Onix Solar Energy's Cash Conversion Cycle compare to FSLR and NXT?
Onix Solar Energy's Cash Conversion Cycle of 238.44 can be compared against companies in the Semiconductors industry. The industry median Cash Conversion Cycle is 116.21. Onix Solar Energy's value of 238.44 is 105.2% 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 Semiconductors company?
The median Cash Conversion Cycle among Semiconductors companies is 116.21, based on 1,023 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. Onix Solar Energy's current Cash Conversion Cycle of 238.44 is 105.2% 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 Onix Solar Energy and its competitors. For the Semiconductors industry, the median Cash Conversion Cycle is 116.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onix Solar Energy's current Cash Conversion Cycle is 238.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onix Solar Energy stock overvalued right now?
Based on GuruFocus' analysis, Onix Solar Energy (BOM:513119) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹818.07, compared to a current price of ₹623.85 — trading 23.7% below its estimated fair value. The current Cash Conversion Cycle is 238.44 and 105.2% above the Semiconductors industry median of 116.21. Onix Solar Energy's overall GF Score™ is 57/100 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 Onix Solar Energy (BOM:513119), the current Cash Conversion Cycle is 238.44 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 Onix Solar Energy (BOM:513119) Overvalued in 2026?
Based on GuruFocus' analysis, Onix Solar Energy stock appears to be undervalued.
The current stock price of ₹623.85 is trading 23.7% below its estimated GF Value™ of ₹818.07.
GuruFocus considers Onix Solar Energy to be Modestly Undervalued.
Key valuation signals for BOM:513119:
Cash Conversion Cycle: 238.44
GF Value™: ₹818.07 vs. price of ₹623.85 (23.7% below fair value)
Industry Position: 105.2% above the Semiconductors median
No single metric tells the full story. See the BOM:513119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onix Solar Energy Ltd is engaged in the manufacturing of solar panels, delivering high-quality and efficient products to support the renewable energy sector. The company also undertakes the trading of solar modules, ensuring a complete supply chain solution for solar energy products. The company mainly operates in a single segment, i.e., trading in solar panels and other solar-related goods.
57GF Score
Get the complete analysis for BOM:513119
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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