Agnico Eagle Mines (HAM:AE9) Cash Conversion Cycle: 60.99 (As of Mar. 2026)


HAM:AE9 Agnico Eagle Mines Ltd HAM:AE9
98 GF Score
Price €132.70
GF Value €139.96
Valuation Fairly Valued
! 1 Warning Sign
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What is Agnico Eagle Mines Cash Conversion Cycle?

Agnico Eagle Mines HAM:AE9 -4.22% 98 Cash Conversion Cycle is 60.99 as of Mar. 2026. GuruFocus rates HAM:AE9 with a GF Score™ of 98/100 and a GF Value™ of €139.96 (Fairly Valued). The stock has 1 warning sign investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Agnico Eagle Mines's Days Sales Outstanding for the three months ended in Mar. 2026 was 0.47.
Agnico Eagle Mines's Days Inventory for the three months ended in Mar. 2026 was 107.98.
Agnico Eagle Mines's Days Payable for the three months ended in Mar. 2026 was 47.46.
Therefore, Agnico Eagle Mines's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 60.99.


Agnico Eagle Mines  (HAM:AE9) 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.


Agnico Eagle Mines Cash Conversion Cycle Related Terms


Agnico Eagle Mines Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Cash Conversion Cycle Chart

Agnico Eagle Mines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.57 78.64 86.21 90.48 99.71

Agnico Eagle Mines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 76.28 54.25 46.28 67.44 60.99

HAM:AE9 vs NEM, AU, RGLD: Cash Conversion Cycle Comparison

For the Gold subindustry, Agnico Eagle Mines'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.


Agnico Eagle Mines Cash Conversion Cycle vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Cash Conversion Cycle falls into.


HAM:AE9
98GF Score
Agnico Eagle Mines Ltd HAM:AE9
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Agnico Eagle Mines 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.

Agnico Eagle Mines's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=0.42+124.02-24.73
=99.71

Agnico Eagle Mines'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
=0.47+107.98-47.46
=60.99

* 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 60.99 mean?
Agnico Eagle Mines (HAM:AE9) has a Cash Conversion Cycle of 60.99 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Agnico Eagle Mines and its competitors.
Is Agnico Eagle Mines' Cash Conversion Cycle too high?
Agnico Eagle Mines' current Cash Conversion Cycle is 60.99. The Metals & Mining industry median Cash Conversion Cycle is 15.02. Agnico Eagle Mines' value of 60.99 is 306.1% above this industry median. Overall, Agnico Eagle Mines has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Cash Conversion Cycle compare to NEM and AU?
Agnico Eagle Mines' Cash Conversion Cycle of 60.99 can be compared against companies in the Metals & Mining industry. The industry median Cash Conversion Cycle is 15.02. Agnico Eagle Mines' value of 60.99 is 306.1% 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 Metals & Mining company?
The median Cash Conversion Cycle among Metals & Mining companies is 15.02, based on 1,164 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. Agnico Eagle Mines's current Cash Conversion Cycle of 60.99 is 306.1% 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 Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median Cash Conversion Cycle is 15.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Cash Conversion Cycle is 60.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (HAM:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €139.96, compared to a current price of €132.70 — trading 5.2% below its estimated fair value. The current Cash Conversion Cycle is 60.99 and 306.1% above the Metals & Mining industry median of 15.02. Agnico Eagle Mines' overall GF Score™ is 98/100 with 1 warning sign 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 Agnico Eagle Mines (HAM:AE9), the current Cash Conversion Cycle is 60.99 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 Agnico Eagle Mines (HAM:AE9) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued. The current stock price of €132.70 is trading 5.2% below its estimated GF Value™ of €139.96. GuruFocus considers Agnico Eagle Mines to be Fairly Valued.

Key valuation signals for HAM:AE9:

  • Cash Conversion Cycle: 60.99
  • GF Value™: €139.96 vs. price of €132.70 (5.2% below fair value)
  • GF Score™: 98/100 with 1 warning sign
  • Industry Position: 306.1% above the Metals & Mining median

No single metric tells the full story. See the HAM:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agnico Eagle Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
98GF Score

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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€132.70
Price
€139.96
GF Value