CSV (Carriage Services) Cash Conversion Cycle: 22.23 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CSV Carriage Services Inc CSV
73 GF Score
Price $35.87
GF Value $39.12
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Carriage Services Cash Conversion Cycle?

Carriage Services CSV -3.05% 73 Cash Conversion Cycle is 22.23 as of Mar. 2026. GuruFocus rates CSV with a GF Score™ of 73/100 and a GF Value™ of $39.12 (Fairly Valued). 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.

Carriage Services's Days Sales Outstanding for the three months ended in Mar. 2026 was 33.12.
Carriage Services's Days Inventory for the three months ended in Mar. 2026 was 10.48.
Carriage Services's Days Payable for the three months ended in Mar. 2026 was 21.37.
Therefore, Carriage Services's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 22.23.


Carriage Services  (NYSE:CSV) 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.


Carriage Services Cash Conversion Cycle Related Terms


Carriage Services Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Carriage 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.

Carriage Services Cash Conversion Cycle Chart

Carriage Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.28 15.87 19.08 18.42 17.64

Carriage Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.63 18.58 18.19 18.73 22.23

CSV vs MED, RGS, CLIK: Cash Conversion Cycle Comparison

For the Personal Services subindustry, Carriage 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.


Carriage Services Cash Conversion Cycle vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Carriage Services's Cash Conversion Cycle falls into.


CSV
73GF Score
Carriage Services Inc CSV
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carriage 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.

Carriage Services's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=30.27+10.57-23.2
=17.64

Carriage Services'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
=33.12+10.48-21.37
=22.23

* 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 22.23 mean?
Carriage Services (CSV) has a Cash Conversion Cycle of 22.23 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Carriage Services and its competitors.
Is Carriage Services' Cash Conversion Cycle too high?
Carriage Services' current Cash Conversion Cycle is 22.23. The Personal Services industry median Cash Conversion Cycle is 20.22. Carriage Services' value of 22.23 is 9.9% above this industry median. Overall, Carriage Services has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carriage Services' Cash Conversion Cycle compare to MED and RGS?
Carriage Services' Cash Conversion Cycle of 22.23 can be compared against companies in the Personal Services industry. The industry median Cash Conversion Cycle is 20.22. Carriage Services' value of 22.23 is 9.9% 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 Personal Services company?
The median Cash Conversion Cycle among Personal Services companies is 20.22, based on 95 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. Carriage Services's current Cash Conversion Cycle of 22.23 is 9.9% 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 Carriage Services and its competitors. For the Personal Services industry, the median Cash Conversion Cycle is 20.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carriage Services's current Cash Conversion Cycle is 22.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carriage Services stock overvalued right now?
Based on GuruFocus' analysis, Carriage Services (CSV) is currently considered Fairly Valued. The stock's GF Value™ is $39.12, compared to a current price of $35.87 — trading 8.3% below its estimated fair value. The current Cash Conversion Cycle is 22.23 and 9.9% above the Personal Services industry median of 20.22. Carriage Services' overall GF Score™ is 73/100 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 Carriage Services (CSV), the current Cash Conversion Cycle is 22.23 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 Carriage Services (CSV) Overvalued in 2026?

Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued. The current stock price of $35.87 is trading 8.3% below its estimated GF Value™ of $39.12. GuruFocus considers Carriage Services to be Fairly Valued.

Key valuation signals for CSV:

  • Cash Conversion Cycle: 22.23
  • GF Value™: $39.12 vs. price of $35.87 (8.3% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 9.9% above the Personal Services median

No single metric tells the full story. See the CSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carriage Services Business Description

Other Exchanges C57:Germany
Address 3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
73GF Score

Get the complete analysis for CSV

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$35.87
Price
$39.12
GF Value