PROG Holdings's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 28.31.
PROG Holdings's Days Inventory for the
three
months ended in Mar. 2026 was 826.68.
PROG Holdings's Days Payable for the
three
months ended in Mar. 2026 was 44.88.
Therefore, PROG Holdings's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 810.11.
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.
PROG Holdings Cash Conversion Cycle Related Terms
PROG Holdings Cash Conversion Cycle Historical Data
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The historical data trend for PROG Holdings'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.
FRA:AZD vs VSTS, WLFC, CTOS: Cash Conversion Cycle Comparison
For the Rental & Leasing Services subindustry, PROG Holdings'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.
PROG Holdings Cash Conversion Cycle vs Business Services Industry
For the Business Services industry and Industrials sector, PROG Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where PROG Holdings'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.
PROG Holdings'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.
PROG Holdings (FRA:AZD) has a Cash Conversion Cycle of 810.11 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on PROG Holdings and its competitors.
Is PROG Holdings' Cash Conversion Cycle too high?
PROG Holdings' current Cash Conversion Cycle is 810.11. The Business Services industry median Cash Conversion Cycle is 38.50. PROG Holdings' value of 810.11 is 2004.2% above this industry median. Overall, PROG Holdings has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PROG Holdings' Cash Conversion Cycle compare to VSTS and WLFC?
PROG Holdings' Cash Conversion Cycle of 810.11 can be compared against companies in the Business Services industry. The industry median Cash Conversion Cycle is 38.50. PROG Holdings' value of 810.11 is 2004.2% 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 38.50, based on 1,065 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. PROG Holdings's current Cash Conversion Cycle of 810.11 is 2004.2% 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 PROG Holdings and its competitors. For the Business Services industry, the median Cash Conversion Cycle is 38.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PROG Holdings's current Cash Conversion Cycle is 810.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PROG Holdings stock overvalued right now?
Based on GuruFocus' analysis, PROG Holdings (FRA:AZD) is currently considered Fairly Valued. The stock's GF Value™ is €35.13, compared to a current price of €38.20 — trading 8.7% above its estimated fair value. The current Cash Conversion Cycle is 810.11 and 2004.2% above the Business Services industry median of 38.50. PROG Holdings' overall GF Score™ is 90/100 with 8 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 PROG Holdings (FRA:AZD), the current Cash Conversion Cycle is 810.11 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 PROG Holdings (FRA:AZD) Overvalued in 2026?
Based on GuruFocus' analysis, PROG Holdings stock appears to be overvalued.
The current stock price of €38.20 is trading 8.7% above its estimated GF Value™ of €35.13.
GuruFocus considers PROG Holdings to be Fairly Valued.
Key valuation signals for FRA:AZD:
Cash Conversion Cycle: 810.11
GF Value™: €35.13 vs. price of €38.20 (8.7% above fair value)
Industry Position: 2004.2% above the Business Services median
No single metric tells the full story. See the FRA:AZD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PROG Holdings Inc is a financial technology holding company that provides transparent and competitive payment options to consumers. The company has two reportable segments: Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Vive Financial (Vive), an omnichannel provider of second-look revolving credit products. The majority of the revenue of the company is earned through the Progressive Leasing segment.
90GF 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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