IHS (IHS Holding) Cash Conversion Cycle: -37.92 (As of Mar. 2026)


IHS IHS Holding Ltd IHS
46 GF Score
Price $8.24
GF Value $4.11
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is IHS Holding Cash Conversion Cycle?

IHS Holding IHS 46 Cash Conversion Cycle is -37.92 as of Mar. 2026. GuruFocus rates IHS with a GF Score™ of 46/100 and a GF Value™ of $4.11 (Significantly Overvalued). The stock has 8 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.

IHS Holding's Days Sales Outstanding for the three months ended in Mar. 2026 was 23.9.
IHS Holding's Days Inventory for the three months ended in Mar. 2026 was 20.68.
IHS Holding's Days Payable for the three months ended in Mar. 2026 was 82.5.
Therefore, IHS Holding's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was -37.92.


IHS Holding  (NYSE:IHS) 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.


IHS Holding Cash Conversion Cycle Related Terms


IHS Holding Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for IHS Holding'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.

IHS Holding Cash Conversion Cycle Chart

IHS Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial -62.39 -23.15 -32.96 -70.71 -41.96

IHS Holding 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 -87.13 -60.46 -39.74 -370.24 -37.92

IHS vs NMRK, CWK, KW: Cash Conversion Cycle Comparison

For the Real Estate Services subindustry, IHS Holding'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.


IHS Holding Cash Conversion Cycle vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IHS Holding's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where IHS Holding's Cash Conversion Cycle falls into.


IHS
46GF Score
IHS Holding Ltd IHS
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IHS Holding 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.

IHS Holding'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
=37.88+18.81-98.65
=-41.96

IHS Holding'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
=23.9+20.68-82.5
=-37.92

* 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 -37.92 mean?
IHS Holding (IHS) has a Cash Conversion Cycle of -37.92 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on IHS Holding and its competitors.
Is IHS Holding's Cash Conversion Cycle too high?
IHS Holding's current Cash Conversion Cycle is -37.92. Overall, IHS Holding has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IHS Holding's Cash Conversion Cycle compare to NMRK and CWK?
IHS Holding's Cash Conversion Cycle of -37.92 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 320.77. 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 320.77, based on 1,735 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. 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 IHS Holding and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 320.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IHS Holding's current Cash Conversion Cycle is -37.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHS Holding stock overvalued right now?
Based on GuruFocus' analysis, IHS Holding (IHS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.11, compared to a current price of $8.24 — trading 100.5% above its estimated fair value. The current Cash Conversion Cycle is -37.92. IHS Holding's overall GF Score™ is 46/100 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 IHS Holding (IHS), the current Cash Conversion Cycle is -37.92 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 IHS Holding (IHS) Overvalued in 2026?

Based on GuruFocus' analysis, IHS Holding stock appears to be overvalued. The current stock price of $8.24 is trading 100.5% above its estimated GF Value™ of $4.11. GuruFocus considers IHS Holding to be Significantly Overvalued.

Key valuation signals for IHS:

  • Cash Conversion Cycle: -37.92
  • GF Value™: $4.11 vs. price of $8.24 (100.5% above fair value)
  • GF Score™: 46/100 with 8 warning signs

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


IHS Holding Business Description

Other Exchanges 4JB:Germany
Address 123 Victoria Street, 1 Cathedral Piazza, London, GBR, SW1E 5BP
IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria and Sub-Saharan Africa. The majority of its revenue is derived from Nigeria.
46GF Score

Get the complete analysis for IHS

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

$8.24
Price
$4.11
GF Value