FirstService's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 62.41.
FirstService's Days Inventory for the
three
months ended in Mar. 2026 was 29.14.
FirstService's Days Payable for the
three
months ended in Mar. 2026 was 17.12.
Therefore, FirstService's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 74.43.
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.
FirstService Cash Conversion Cycle Related Terms
FirstService Cash Conversion Cycle Historical Data
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The historical data trend for FirstService'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.
FSV vs CBRE, BEKE: Cash Conversion Cycle Comparison
For the Real Estate Services subindustry, FirstService'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.
FirstService Cash Conversion Cycle vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FirstService's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where FirstService'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.
FirstService'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.
FirstService (FSV) has a Cash Conversion Cycle of 74.43 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on FirstService and its competitors.
Is FirstService's Cash Conversion Cycle too high?
FirstService's current Cash Conversion Cycle is 74.43. The Real Estate industry median Cash Conversion Cycle is 320.74. FirstService's value of 74.43 is 76.8% below this industry median. Overall, FirstService has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FirstService's Cash Conversion Cycle compare to CBRE and BEKE?
FirstService's Cash Conversion Cycle of 74.43 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 320.74. FirstService's value of 74.43 is 76.8% below 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 Real Estate company?
The median Cash Conversion Cycle among Real Estate companies is 320.74, based on 1,731 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. FirstService's current Cash Conversion Cycle of 74.43 is 76.8% below 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 FirstService and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 320.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirstService's current Cash Conversion Cycle is 74.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstService stock overvalued right now?
Based on GuruFocus' analysis, FirstService (FSV) is currently considered Significantly Undervalued. The stock's GF Value™ is $193.55, compared to a current price of $135.69 — trading 29.9% below its estimated fair value. The current Cash Conversion Cycle is 74.43 and 76.8% below the Real Estate industry median of 320.74. FirstService's overall GF Score™ is 87/100 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 FirstService (FSV), the current Cash Conversion Cycle is 74.43 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 FirstService (FSV) Overvalued in 2026?
Based on GuruFocus' analysis, FirstService stock appears to be undervalued.
The current stock price of $135.69 is trading 29.9% below its estimated GF Value™ of $193.55.
GuruFocus considers FirstService to be Significantly Undervalued.
Key valuation signals for FSV:
Cash Conversion Cycle: 74.43
GF Value™: $193.55 vs. price of $135.69 (29.9% below fair value)
Industry Position: 76.8% below the Real Estate median
No single metric tells the full story. See the FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
87GF Score
Get the complete analysis for FSV
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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