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Tick Trading Software AG's Days Sales Outstanding for the
six
months ended in Mar. 2026 was 66.51.
Tick Trading Software AG's Days Inventory for the
six
months ended in Mar. 2026 was 13.81.
Tick Trading Software AG's Days Payable for the
six
months ended in Mar. 2026 was 12.21.
Therefore, Tick Trading Software AG's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2026 was 68.11.
Tick Trading Software AG (FRA:TBX0) 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.
Tick Trading Software AG Cash Conversion Cycle Related Terms
Tick Trading Software AG Cash Conversion Cycle Historical Data
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The historical data trend for Tick Trading Software AG'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.
Tick Trading Software AG Cash Conversion Cycle Chart
FRA:TBX0 vs CRM, SHOP, UBER: Cash Conversion Cycle Comparison
For the Software - Application subindustry, Tick Trading Software AG'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.
Tick Trading Software AG Cash Conversion Cycle vs Software Industry
For the Software industry and Technology sector, Tick Trading Software AG's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Tick Trading Software AG's Cash Conversion Cycle falls into.
Tick Trading Software AG 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.
Tick Trading Software AG's Cash Conversion Cycle for the fiscal year that ended in Sep. 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.
Tick Trading Software AG (FRA:TBX0) has a Cash Conversion Cycle of 68.11 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Tick Trading Software AG and its competitors.
Is Tick Trading Software AG's Cash Conversion Cycle too high?
Tick Trading Software AG's current Cash Conversion Cycle is 68.11. The Software industry median Cash Conversion Cycle is 32.01. Tick Trading Software AG's value of 68.11 is 112.8% above this industry median. Overall, Tick Trading Software AG has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tick Trading Software AG's Cash Conversion Cycle compare to CRM and SHOP?
Tick Trading Software AG's Cash Conversion Cycle of 68.11 can be compared against companies in the Software industry. The industry median Cash Conversion Cycle is 32.01. Tick Trading Software AG's value of 68.11 is 112.8% 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 Software company?
The median Cash Conversion Cycle among Software companies is 32.01, based on 2,812 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. Tick Trading Software AG's current Cash Conversion Cycle of 68.11 is 112.8% 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 Tick Trading Software AG and its competitors. For the Software industry, the median Cash Conversion Cycle is 32.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tick Trading Software AG's current Cash Conversion Cycle is 68.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tick Trading Software AG stock overvalued right now?
Based on GuruFocus' analysis, Tick Trading Software AG (FRA:TBX0) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.16, compared to a current price of €7.25 — trading 11.2% below its estimated fair value. The current Cash Conversion Cycle is 68.11 and 112.8% above the Software industry median of 32.01. Tick Trading Software AG's overall GF Score™ is 78/100 with 5 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 Tick Trading Software AG (FRA:TBX0), the current Cash Conversion Cycle is 68.11 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 Tick Trading Software AG (FRA:TBX0) Overvalued in 2026?
Based on GuruFocus' analysis, Tick Trading Software AG stock appears to be undervalued.
The current stock price of €7.25 is trading 11.2% below its estimated GF Value™ of €8.16.
GuruFocus considers Tick Trading Software AG to be Modestly Undervalued.
Key valuation signals for FRA:TBX0:
Cash Conversion Cycle: 68.11
GF Value™: €8.16 vs. price of €7.25 (11.2% below fair value)
Industry Position: 112.8% above the Software median
No single metric tells the full story. See the FRA:TBX0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions.
78GF Score
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