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Kardemir Celiknayi AS's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 17.12.
Kardemir Celiknayi AS's Days Inventory for the
three
months ended in Mar. 2026 was 117.35.
Kardemir Celiknayi AS's Days Payable for the
three
months ended in Mar. 2026 was 43.87.
Therefore, Kardemir Celiknayi AS's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 90.60.
Kardemir Celiknayi AS (IST:KARCL) 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.
Kardemir Celiknayi AS Cash Conversion Cycle Related Terms
Kardemir Celiknayi AS Cash Conversion Cycle Historical Data
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The historical data trend for Kardemir Celiknayi AS'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.
Kardemir Celiknayi AS Cash Conversion Cycle Chart
Kardemir Celiknayi AS Annual Data
Trend
Dec23
Dec24
Dec25
Cash Conversion Cycle
105.02
74.15
87.15
Kardemir Celiknayi AS Quarterly Data
Dec23
Dec24
Mar25
Dec25
Mar26
Cash Conversion Cycle
0.00
0.00
69.26
0.00
90.60
IST:KARCL vs NUE, STLD, RS: Cash Conversion Cycle Comparison
For the Steel subindustry, Kardemir Celiknayi AS'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.
Kardemir Celiknayi AS Cash Conversion Cycle vs Steel Industry
For the Steel industry and Basic Materials sector, Kardemir Celiknayi AS's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Kardemir Celiknayi AS's Cash Conversion Cycle falls into.
Kardemir Celiknayi AS 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.
Kardemir Celiknayi AS'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.
Kardemir Celiknayi AS (IST:KARCL) has a Cash Conversion Cycle of 90.60 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Kardemir Celiknayi AS and its competitors.
Is Kardemir Celiknayi AS's Cash Conversion Cycle too high?
Kardemir Celiknayi AS's current Cash Conversion Cycle is 90.60. The Steel industry median Cash Conversion Cycle is 92.38. Kardemir Celiknayi AS's value of 90.60 is 1.9% below this industry median. Overall, Kardemir Celiknayi AS has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Kardemir Celiknayi AS's Cash Conversion Cycle compare to NUE and STLD?
Kardemir Celiknayi AS's Cash Conversion Cycle of 90.60 can be compared against companies in the Steel industry. The industry median Cash Conversion Cycle is 92.38. Kardemir Celiknayi AS's value of 90.60 is 1.9% 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 Steel company?
The median Cash Conversion Cycle among Steel companies is 92.38, based on 610 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. Kardemir Celiknayi AS's current Cash Conversion Cycle of 90.60 is 1.9% 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 Kardemir Celiknayi AS and its competitors. For the Steel industry, the median Cash Conversion Cycle is 92.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardemir Celiknayi AS's current Cash Conversion Cycle is 90.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardemir Celiknayi AS stock overvalued right now?
Kardemir Celiknayi AS (IST:KARCL) has a current Cash Conversion Cycle of 90.60. The current Cash Conversion Cycle is 90.60 and 1.9% below the Steel industry median of 92.38. Kardemir Celiknayi AS's overall GF Score™ is 6/100 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 Kardemir Celiknayi AS (IST:KARCL), the current Cash Conversion Cycle is 90.60 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.
Kardemir Celik Sanayi AS manufactures equal angles, flat bars, square bars, NPU and NPI profiles, T-bars, and round bars in various dimensions and in accordance with international standards. Its products are Billet Iron, Film Rod, and Reinforcement Steel.
6GF Score
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