Icodex Publishing Solutions (BOM:544483) Cash Conversion Cycle: 151.84 (As of Mar. 2026)

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BOM:544483 Icodex Publishing Solutions Ltd BOM:544483
22 GF Score
Price ₹36.69
! 4 Warning Signs
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What is Icodex Publishing Solutions Cash Conversion Cycle?

Icodex Publishing Solutions BOM:544483 -5.17% 22 Cash Conversion Cycle is 151.84 as of Mar. 2026. GuruFocus rates BOM:544483 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Icodex Publishing Solutions's Days Sales Outstanding for the six months ended in Mar. 2026 was 154.97.
Icodex Publishing Solutions's Days Inventory for the six months ended in Mar. 2026 was 0.
Icodex Publishing Solutions's Days Payable for the six months ended in Mar. 2026 was 3.13.
Therefore, Icodex Publishing Solutions's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 151.84.


Icodex Publishing Solutions  (BOM:544483) 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.


Icodex Publishing Solutions Cash Conversion Cycle Related Terms


Icodex Publishing Solutions Cash Conversion Cycle Historical Data

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The historical data trend for Icodex Publishing Solutions'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.

Icodex Publishing Solutions Cash Conversion Cycle Chart

Icodex Publishing Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
-11.87 -0.05 6.83 37.47 110.83

Icodex Publishing Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial 0.00 48.28 71.99 81.44 151.84

BOM:544483 vs QH, SHOP, UBER: Cash Conversion Cycle Comparison

For the Software - Application subindustry, Icodex Publishing Solutions'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.


Icodex Publishing Solutions Cash Conversion Cycle vs Software Industry

For the Software industry and Technology sector, Icodex Publishing Solutions's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Icodex Publishing Solutions's Cash Conversion Cycle falls into.


BOM:544483
22GF Score
Icodex Publishing Solutions Ltd BOM:544483
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Icodex Publishing Solutions 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.

Icodex Publishing Solutions's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=116.13+0-5.3
=110.83

Icodex Publishing Solutions's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=154.97+0-3.13
=151.84

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 151.84 mean?
Icodex Publishing Solutions (BOM:544483) has a Cash Conversion Cycle of 151.84 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Icodex Publishing Solutions and its competitors.
Is Icodex Publishing Solutions' Cash Conversion Cycle too high?
Icodex Publishing Solutions' current Cash Conversion Cycle is 151.84. The Software industry median Cash Conversion Cycle is 31.41. Icodex Publishing Solutions' value of 151.84 is 383.5% above this industry median. Overall, Icodex Publishing Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Icodex Publishing Solutions' Cash Conversion Cycle compare to QH and SHOP?
Icodex Publishing Solutions' Cash Conversion Cycle of 151.84 can be compared against companies in the Software industry. The industry median Cash Conversion Cycle is 31.41. Icodex Publishing Solutions' value of 151.84 is 383.5% 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 Software company?
The median Cash Conversion Cycle among Software companies is 31.41, based on 2,816 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. Icodex Publishing Solutions's current Cash Conversion Cycle of 151.84 is 383.5% 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 Icodex Publishing Solutions and its competitors. For the Software industry, the median Cash Conversion Cycle is 31.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icodex Publishing Solutions's current Cash Conversion Cycle is 151.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icodex Publishing Solutions stock overvalued right now?
Icodex Publishing Solutions (BOM:544483) has a current Cash Conversion Cycle of 151.84. The current Cash Conversion Cycle is 151.84 and 383.5% above the Software industry median of 31.41. Icodex Publishing Solutions' overall GF Score™ is 22/100 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 Icodex Publishing Solutions (BOM:544483), the current Cash Conversion Cycle is 151.84 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.

Icodex Publishing Solutions Business Description

Address 102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, MH, IND, 411014
Icodex Publishing Solutions Ltd is engaged in the business of Software Product Development for Scholarly Publishing. Its Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution. It also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.
22GF Score

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