VTech Holdings (FRA:VTCB) Cash Conversion Cycle: 104.02 (As of Mar. 2026)


FRA:VTCB VTech Holdings Ltd FRA:VTCB
80 GF Score
Price €5.70
GF Value €5.70
Valuation Fairly Valued
! 3 Warning Signs
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What is VTech Holdings Cash Conversion Cycle?

VTech Holdings FRA:VTCB +1.79% 80 Cash Conversion Cycle is 104.02 as of Mar. 2026. GuruFocus rates FRA:VTCB with a GF Score™ of 80/100 and a GF Value™ of €5.70 (Fairly Valued). The stock has 3 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.

VTech Holdings's Days Sales Outstanding for the six months ended in Mar. 2026 was 59.89.
VTech Holdings's Days Inventory for the six months ended in Mar. 2026 was 112.22.
VTech Holdings's Days Payable for the six months ended in Mar. 2026 was 68.09.
Therefore, VTech Holdings's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 104.02.


VTech Holdings  (FRA:VTCB) 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.


VTech Holdings Cash Conversion Cycle Related Terms


VTech Holdings Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for VTech 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.

VTech Holdings Cash Conversion Cycle Chart

VTech Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.17 98.60 93.34 77.49 87.60

VTech Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 108.21 95.70 87.51 104.34 104.02

FRA:VTCB vs CSCO, CIEN, MSI: Cash Conversion Cycle Comparison

For the Communication Equipment subindustry, VTech 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.


VTech Holdings Cash Conversion Cycle vs Hardware Industry

For the Hardware industry and Technology sector, VTech Holdings's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where VTech Holdings's Cash Conversion Cycle falls into.


FRA:VTCB
80GF Score
VTech Holdings Ltd FRA:VTCB
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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VTech Holdings 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.

VTech Holdings's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=48.97+105.52-66.89
=87.60

VTech Holdings's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=59.89+112.22-68.09
=104.02

* 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 104.02 mean?
VTech Holdings (FRA:VTCB) has a Cash Conversion Cycle of 104.02 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on VTech Holdings and its competitors.
Is VTech Holdings' Cash Conversion Cycle too high?
VTech Holdings' current Cash Conversion Cycle is 104.02. The Hardware industry median Cash Conversion Cycle is 98.95. VTech Holdings' value of 104.02 is 5.1% above this industry median. Overall, VTech Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does VTech Holdings' Cash Conversion Cycle compare to CSCO and CIEN?
VTech Holdings' Cash Conversion Cycle of 104.02 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 98.95. VTech Holdings' value of 104.02 is 5.1% 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 a Hardware company?
The median Cash Conversion Cycle among Hardware companies is 98.95, based on 2,477 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. VTech Holdings's current Cash Conversion Cycle of 104.02 is 5.1% 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 VTech Holdings and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 98.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VTech Holdings's current Cash Conversion Cycle is 104.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VTech Holdings stock overvalued right now?
Based on GuruFocus' analysis, VTech Holdings (FRA:VTCB) is currently considered Fairly Valued. The stock's GF Value™ is €5.70, compared to a current price of €5.70 — trading right at its estimated fair value. The current Cash Conversion Cycle is 104.02 and 5.1% above the Hardware industry median of 98.95. VTech Holdings' overall GF Score™ is 80/100 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 VTech Holdings (FRA:VTCB), the current Cash Conversion Cycle is 104.02 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 VTech Holdings (FRA:VTCB) Overvalued in 2026?

Based on GuruFocus' analysis, VTech Holdings stock appears to be undervalued. The current stock price of €5.70 is trading 0% below its estimated GF Value™ of €5.70. GuruFocus considers VTech Holdings to be Fairly Valued.

Key valuation signals for FRA:VTCB:

  • Cash Conversion Cycle: 104.02
  • GF Value™: €5.70 vs. price of €5.70 (0% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 5.1% above the Hardware median

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


VTech Holdings Business Description

Address Block 1, 57 Ting Kok Road, 23rd Floor, Tai Ping Industrial Centre, Tai Po, New Territories, Hong Kong, HKG
VTech Holdings Ltd is engaged in the designing, manufacturing, and distribution of consumer electronic products. It also provides contract manufacturing services. The company's diverse collection of products includes Telephone Products, Business Phones, Electronic Learning Toys, Baby Monitors, and Hospitality Products. In addition, it offers turnkey services to customers in several product categories. The company operates through four reportable segments: North America, (including the United States and Canada), Europe, Asia Pacific, and Others, which covers sales of electronic products to the rest of the world. It generates maximum revenue from Europe.
80GF 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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