Dubai Electricity & Water Authority PJSC (DFM:DEWA) Cash Conversion Cycle: 18.85 (As of Jun. 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.

DFM:DEWA Dubai Electricity & Water Authority PJSC DFM:DEWA
85 GF Score
Price د.إ2.76
GF Value د.إ2.82
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Dubai Electricity & Water Authority PJSC Cash Conversion Cycle?

Dubai Electricity & Water Authority PJSC DFM:DEWA +0.36% 85 Cash Conversion Cycle is 18.85 as of Jun. 2026. GuruFocus rates DFM:DEWA with a GF Score™ of 85/100 and a GF Value™ of د.إ2.82 (Fairly Valued). The stock has 7 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.

Dubai Electricity & Water Authority PJSC's Days Sales Outstanding for the three months ended in Jun. 2026 was 42.071.
Dubai Electricity & Water Authority PJSC's Days Inventory for the three months ended in Jun. 2026 was 26.585.
Dubai Electricity & Water Authority PJSC's Days Payable for the three months ended in Jun. 2026 was 49.804.
Therefore, Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2026 was 18.85.


Dubai Electricity & Water Authority PJSC  (DFM:DEWA) 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.


Dubai Electricity & Water Authority PJSC Cash Conversion Cycle Related Terms


Dubai Electricity & Water Authority PJSC Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Dubai Electricity & Water Authority PJSC'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.

Dubai Electricity & Water Authority PJSC Cash Conversion Cycle Chart

Dubai Electricity & Water Authority PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.35 54.73 43.53 21.33 14.49

Dubai Electricity & Water Authority PJSC Quarterly Data
Dec11 Dec12 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 14.34 8.74 16.43 19.39 18.85

DFM:DEWA vs SRE, AES: Cash Conversion Cycle Comparison

For the Utilities - Diversified subindustry, Dubai Electricity & Water Authority PJSC'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.


Dubai Electricity & Water Authority PJSC Cash Conversion Cycle vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle falls into.


DFM:DEWA
85GF Score
Dubai Electricity & Water Authority PJSC DFM:DEWA
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dubai Electricity & Water Authority PJSC 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.

Dubai Electricity & Water Authority PJSC'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
=36.28+27.644-49.431
=14.49

Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle for the quarter that ended in Jun. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=42.071+26.585-49.804
=18.85

* 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 18.85 mean?
Dubai Electricity & Water Authority PJSC (DFM:DEWA) has a Cash Conversion Cycle of 18.85 as of Jun. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Dubai Electricity & Water Authority PJSC and its competitors.
Is Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle too high?
Dubai Electricity & Water Authority PJSC's current Cash Conversion Cycle is 18.85. The Utilities - Regulated industry median Cash Conversion Cycle is 13.96. Dubai Electricity & Water Authority PJSC's value of 18.85 is 35.1% above this industry median. Overall, Dubai Electricity & Water Authority PJSC has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle compare to SRE and AES?
Dubai Electricity & Water Authority PJSC's Cash Conversion Cycle of 18.85 can be compared against companies in the Utilities - Regulated industry. The industry median Cash Conversion Cycle is 13.96. Dubai Electricity & Water Authority PJSC's value of 18.85 is 35.1% 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 an Utilities - Regulated company?
The median Cash Conversion Cycle among Utilities - Regulated companies is 13.96, based on 498 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. Dubai Electricity & Water Authority PJSC's current Cash Conversion Cycle of 18.85 is 35.1% 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 Dubai Electricity & Water Authority PJSC and its competitors. For the Utilities - Regulated industry, the median Cash Conversion Cycle is 13.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Electricity & Water Authority PJSC's current Cash Conversion Cycle is 18.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Electricity & Water Authority PJSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai Electricity & Water Authority PJSC (DFM:DEWA) is currently considered Fairly Valued. The stock's GF Value™ is د.إ2.82, compared to a current price of د.إ2.76 — trading 2.1% below its estimated fair value. The current Cash Conversion Cycle is 18.85 and 35.1% above the Utilities - Regulated industry median of 13.96. Dubai Electricity & Water Authority PJSC's overall GF Score™ is 85/100 with 7 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 Dubai Electricity & Water Authority PJSC (DFM:DEWA), the current Cash Conversion Cycle is 18.85 as of Jun. 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 Dubai Electricity & Water Authority PJSC (DFM:DEWA) Overvalued in 2026?

Based on GuruFocus' analysis, Dubai Electricity & Water Authority PJSC stock appears to be undervalued. The current stock price of د.إ2.76 is trading 2.1% below its estimated GF Value™ of د.إ2.82. GuruFocus considers Dubai Electricity & Water Authority PJSC to be Fairly Valued.

Key valuation signals for DFM:DEWA:

  • Cash Conversion Cycle: 18.85
  • GF Value™: د.إ2.82 vs. price of د.إ2.76 (2.1% below fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 35.1% above the Utilities - Regulated median

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


Dubai Electricity & Water Authority PJSC Business Description

Address Sheikh Rashid Road, Umm Hurair 2, P.O. Box 564, Happiness Center Zaabeel East, Umm Hureir, Dubai, ARE
Dubai Electricity & Water Authority PJSC is engaged in water desalination and distribution and its generation, transmission, and distribution of electricity, throughout the Emirate of Dubai. The company operates into four segments; DEWA is engaged in the generation, transmission, and distribution of electricity and water desalination, transmission and distribution to residential, commercial, industrial, and government; EMPOWER is engaged in the provision of district cooling, maintenance of central cooling plants and manufacturing and sale of insulated pipes; IWPP is engaged in the development, operation and maintenance of power and water plants; and Others operations include purification and sale of potable water, and other. It generates maximum revenue from the DEWA segment.
85GF Score

Get the complete analysis for DFM:DEWA

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

د.إ2.76
Price
د.إ2.82
GF Value