Fastenal Co's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 55.75.
Fastenal Co's Days Inventory for the
three
months ended in Mar. 2026 was 128.79.
Fastenal Co's Days Payable for the
three
months ended in Mar. 2026 was 25.46.
Therefore, Fastenal Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 159.08.
Fastenal Co (NAS:FAST) 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.
Fastenal Co Cash Conversion Cycle Related Terms
Fastenal Co Cash Conversion Cycle Historical Data
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The historical data trend for Fastenal Co'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.
FAST vs FERG, GWW, WCC: Cash Conversion Cycle Comparison
For the Industrial Distribution subindustry, Fastenal Co'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.
Fastenal Co Cash Conversion Cycle vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Fastenal Co'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.
Fastenal Co'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.
Fastenal Co (FAST) has a Cash Conversion Cycle of 159.08 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Fastenal Co and its competitors.
Is Fastenal Co's Cash Conversion Cycle too high?
Fastenal Co's current Cash Conversion Cycle is 159.08. The Industrial Distribution industry median Cash Conversion Cycle is 100.33. Fastenal Co's value of 159.08 is 58.6% above this industry median. Overall, Fastenal Co has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fastenal Co's Cash Conversion Cycle compare to FERG and GWW?
Fastenal Co's Cash Conversion Cycle of 159.08 can be compared against companies in the Industrial Distribution industry. The industry median Cash Conversion Cycle is 100.33. Fastenal Co's value of 159.08 is 58.6% 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 Industrial Distribution company?
The median Cash Conversion Cycle among Industrial Distribution companies is 100.33, based on 157 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. Fastenal Co's current Cash Conversion Cycle of 159.08 is 58.6% 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 Fastenal Co and its competitors. For the Industrial Distribution industry, the median Cash Conversion Cycle is 100.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fastenal Co's current Cash Conversion Cycle is 159.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastenal Co stock overvalued right now?
Based on GuruFocus' analysis, Fastenal Co (FAST) is currently considered Fairly Valued. The stock's GF Value™ is $43.20, compared to a current price of $46.26 — trading 7.1% above its estimated fair value. The current Cash Conversion Cycle is 159.08 and 58.6% above the Industrial Distribution industry median of 100.33. Fastenal Co's overall GF Score™ is 99/100 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 Fastenal Co (FAST), the current Cash Conversion Cycle is 159.08 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 Fastenal Co (FAST) Overvalued in 2026?
Based on GuruFocus' analysis, Fastenal Co stock appears to be overvalued.
The current stock price of $46.26 is trading 7.1% above its estimated GF Value™ of $43.20.
GuruFocus considers Fastenal Co to be Fairly Valued.
Key valuation signals for FAST:
Cash Conversion Cycle: 159.08
GF Value™: $43.20 vs. price of $46.26 (7.1% above fair value)
Industry Position: 58.6% above the Industrial Distribution median
No single metric tells the full story. See the FAST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
99GF Score
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