Karnov Group AB's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 56.87.
Karnov Group AB's Days Inventory for the
three
months ended in Mar. 2026 was 5.27.
Karnov Group AB's Days Payable for the
three
months ended in Mar. 2026 was 21.69.
Therefore, Karnov Group AB's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 40.45.
Karnov Group AB (CHIX:KARs) 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.
Karnov Group AB Cash Conversion Cycle Related Terms
Karnov Group AB Cash Conversion Cycle Historical Data
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The historical data trend for Karnov Group AB'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.
CHIX:KARS vs CTAS, CPRT, ULS: Cash Conversion Cycle Comparison
For the Specialty Business Services subindustry, Karnov Group AB'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.
Karnov Group AB Cash Conversion Cycle vs Business Services Industry
For the Business Services industry and Industrials sector, Karnov Group AB's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Karnov Group AB's Cash Conversion Cycle falls into.
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.
Karnov Group AB's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 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.
Karnov Group AB (CHIX:KARS) has a Cash Conversion Cycle of 40.45 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Karnov Group AB and its competitors.
Is Karnov Group AB's Cash Conversion Cycle too high?
Karnov Group AB's current Cash Conversion Cycle is 40.45. The Business Services industry median Cash Conversion Cycle is 38.49. Karnov Group AB's value of 40.45 is 5.1% above this industry median. Overall, Karnov Group AB has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karnov Group AB's Cash Conversion Cycle compare to CTAS and CPRT?
Karnov Group AB's Cash Conversion Cycle of 40.45 can be compared against companies in the Business Services industry. The industry median Cash Conversion Cycle is 38.49. Karnov Group AB's value of 40.45 is 5.1% 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 Business Services company?
The median Cash Conversion Cycle among Business Services companies is 38.49, based on 1,067 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. Karnov Group AB's current Cash Conversion Cycle of 40.45 is 5.1% 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 Karnov Group AB and its competitors. For the Business Services industry, the median Cash Conversion Cycle is 38.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karnov Group AB's current Cash Conversion Cycle is 40.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnov Group AB stock overvalued right now?
Based on GuruFocus' analysis, Karnov Group AB (CHIX:KARS) is currently considered Significantly Undervalued. The stock's GF Value™ is kr117.71, compared to a current price of kr64.30 — trading 45.4% below its estimated fair value. The current Cash Conversion Cycle is 40.45 and 5.1% above the Business Services industry median of 38.49. Karnov Group AB's overall GF Score™ is 75/100 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 Karnov Group AB (CHIX:KARS), the current Cash Conversion Cycle is 40.45 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 Karnov Group AB (CHIX:KARS) Overvalued in 2026?
Based on GuruFocus' analysis, Karnov Group AB stock appears to be undervalued.
The current stock price of kr64.30 is trading 45.4% below its estimated GF Value™ of kr117.71.
GuruFocus considers Karnov Group AB to be Significantly Undervalued.
Key valuation signals for CHIX:KARS:
Cash Conversion Cycle: 40.45
GF Value™: kr117.71 vs. price of kr64.30 (45.4% below fair value)
Industry Position: 5.1% above the Business Services median
No single metric tells the full story. See the CHIX:KARS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karnov Group AB is a provider of mission-critical information in the areas of legal, tax and auditing, environment, and health and safety. Karnov's products include subscription-based online solutions for law firms, tax and accounting firms, corporates, and the public sector including, courts, universities, public authorities, and municipalities. Karnov also publishes and sells offline books and journals and hosts legal training courses. Its brands are Karnov Group Denmark, Norstedts Juridik, Aranzadi LA LEY, Lamy Liaisons, Notisum, Echoline, BELLA Intelligence. Geographically, it derives a majority of its revenue from Denmark and also has a presence in Sweden, Norway, France, Spain, and Portugal.
75GF Score
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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