Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SPA Capital Services's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 20.41.
SPA Capital Services's Days Inventory for the
three
months ended in Mar. 2026 was 132.92.
SPA Capital Services's Days Payable for the
three
months ended in Mar. 2026 was 1.37.
Therefore, SPA Capital Services's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 151.96.
SPA Capital Services (BOM:542376) 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.
SPA Capital Services Cash Conversion Cycle Related Terms
SPA Capital Services Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for SPA Capital Services'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:542376 vs MS, GS, SCHW: Cash Conversion Cycle Comparison
For the Capital Markets subindustry, SPA Capital Services'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.
SPA Capital Services Cash Conversion Cycle vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SPA Capital Services's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where SPA Capital Services's Cash Conversion Cycle falls into.
SPA Capital Services 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.
SPA Capital Services'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.
SPA Capital Services (BOM:542376) has a Cash Conversion Cycle of 151.96 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on SPA Capital Services and its competitors.
Is SPA Capital Services' Cash Conversion Cycle too high?
SPA Capital Services' current Cash Conversion Cycle is 151.96. The Capital Markets industry median Cash Conversion Cycle is 1.64. SPA Capital Services' value of 151.96 is 9194.2% above this industry median. Overall, SPA Capital Services has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does SPA Capital Services' Cash Conversion Cycle compare to MS and GS?
SPA Capital Services' Cash Conversion Cycle of 151.96 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 1.64. SPA Capital Services' value of 151.96 is 9194.2% 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 Capital Markets company?
The median Cash Conversion Cycle among Capital Markets companies is 1.64, based on 640 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. SPA Capital Services's current Cash Conversion Cycle of 151.96 is 9194.2% 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 SPA Capital Services and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPA Capital Services's current Cash Conversion Cycle is 151.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPA Capital Services stock overvalued right now?
SPA Capital Services (BOM:542376) has a current Cash Conversion Cycle of 151.96. The current Cash Conversion Cycle is 151.96 and 9194.2% above the Capital Markets industry median of 1.64. SPA Capital Services' overall GF Score™ is 35/100 with 2 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 SPA Capital Services (BOM:542376), the current Cash Conversion Cycle is 151.96 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.
SPA Capital Services Ltd operates in the business segment of Financial Services. It is a financial solutions provider in corporate finance and wealth management to Indian companies and high-net-worth individuals. The company offers services for investment management, wealth management, financial advisory, corporate finance, risk management, insurance broking, and others.
35GF Score
Get the complete analysis for BOM:542376
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
BOM:542376 has been successfully added to your 
