Gray Media's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 22.75.
Gray Media's Days Inventory for the
three
months ended in Mar. 2026 was 0.
Gray Media's Days Payable for the
three
months ended in Mar. 2026 was 21.44.
Therefore, Gray Media's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 1.31.
Gray Media (NYSE:GTN) 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.
Gray Media Cash Conversion Cycle Related Terms
Gray Media Cash Conversion Cycle Historical Data
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The historical data trend for Gray Media'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.
GTN vs CAST, FUBO, SSP: Cash Conversion Cycle Comparison
For the Broadcasting subindustry, Gray Media'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.
Gray Media Cash Conversion Cycle vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gray Media's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Gray Media'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.
Gray Media'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.
Gray Media (GTN) has a Cash Conversion Cycle of 1.31 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Gray Media and its competitors.
Is Gray Media's Cash Conversion Cycle too high?
Gray Media's current Cash Conversion Cycle is 1.31. The Media - Diversified industry median Cash Conversion Cycle is 20.32. Gray Media's value of 1.31 is 93.6% below this industry median. Overall, Gray Media has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gray Media's Cash Conversion Cycle compare to CAST and FUBO?
Gray Media's Cash Conversion Cycle of 1.31 can be compared against companies in the Media - Diversified industry. The industry median Cash Conversion Cycle is 20.32. Gray Media's value of 1.31 is 93.6% 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 Media - Diversified company?
The median Cash Conversion Cycle among Media - Diversified companies is 20.32, based on 1,012 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. Gray Media's current Cash Conversion Cycle of 1.31 is 93.6% 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 Gray Media and its competitors. For the Media - Diversified industry, the median Cash Conversion Cycle is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gray Media's current Cash Conversion Cycle is 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gray Media stock overvalued right now?
Based on GuruFocus' analysis, Gray Media (GTN) is currently considered Fairly Valued. The stock's GF Value™ is $4.36, compared to a current price of $3.97 — trading 8.9% below its estimated fair value. The current Cash Conversion Cycle is 1.31 and 93.6% below the Media - Diversified industry median of 20.32. Gray Media's overall GF Score™ is 66/100 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 Gray Media (GTN), the current Cash Conversion Cycle is 1.31 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 Gray Media (GTN) Overvalued in 2026?
Based on GuruFocus' analysis, Gray Media stock appears to be undervalued.
The current stock price of $3.97 is trading 8.9% below its estimated GF Value™ of $4.36.
GuruFocus considers Gray Media to be Fairly Valued.
Key valuation signals for GTN:
Cash Conversion Cycle: 1.31
GF Value™: $4.36 vs. price of $3.97 (8.9% below fair value)
Industry Position: 93.6% below the Media - Diversified median
No single metric tells the full story. See the GTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. The company's segments include Broadcasting and Production Companies. The majority of revenue is derived from broadcast and digital advertising and from retransmission consent fees.
66GF Score
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