Heritage Global's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 12.76.
Heritage Global's Days Inventory for the
three
months ended in Mar. 2026 was 57.63.
Heritage Global's Days Payable for the
three
months ended in Mar. 2026 was 90.91.
Therefore, Heritage Global's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was -20.52.
Heritage Global (FRA:LGC) 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.
Heritage Global Cash Conversion Cycle Related Terms
Heritage Global Cash Conversion Cycle Historical Data
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The historical data trend for Heritage Global'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:LGC vs MATH, GSIW, PLUT: Cash Conversion Cycle Comparison
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global Cash Conversion Cycle vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Heritage Global'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.
Heritage Global'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.
Heritage Global (FRA:LGC) has a Cash Conversion Cycle of -20.52 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Heritage Global and its competitors.
Is Heritage Global's Cash Conversion Cycle too high?
Heritage Global's current Cash Conversion Cycle is -20.52. Overall, Heritage Global has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Heritage Global's Cash Conversion Cycle compare to MATH and GSIW?
Heritage Global's Cash Conversion Cycle of -20.52 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 1.64. 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 Capital Markets company?
The median Cash Conversion Cycle among Capital Markets companies is 1.64, based on 640 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. 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 Heritage Global and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Global's current Cash Conversion Cycle is -20.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Global stock overvalued right now?
Heritage Global (FRA:LGC) has a current Cash Conversion Cycle of -20.52. The stock's GF Value™ is €2.02, compared to a current price of €1.03 — trading 49% below its estimated fair value. The current Cash Conversion Cycle is -20.52. Heritage Global's overall GF Score™ is 71/100 with 3 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 Heritage Global (FRA:LGC), the current Cash Conversion Cycle is -20.52 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 Heritage Global (FRA:LGC) Overvalued in 2026?
Based on GuruFocus' analysis, Heritage Global stock appears to be undervalued.
The current stock price of €1.03 is trading 49% below its estimated GF Value™ of €2.02.
Key valuation signals for FRA:LGC:
Cash Conversion Cycle: -20.52
GF Value™: €2.02 vs. price of €1.03 (49% below fair value)
No single metric tells the full story. See the FRA:LGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It operates in four segments. The Auction and Liquidation segment, which operates as a full-service auction, appraisal, and asset advisory firm, includes the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment & Resale segment acquires, refurbishes, and supplies specialized laboratory equipment. Brokerage segment, through NLEX, brokers charged-off receivables in the U.S. and Canada on behalf of financial institutions. The Specialty Lending segment, which provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios.
71GF 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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