Polisan Holding AS (IST:POLHO) Cash Conversion Cycle: 17.19 (As of Mar. 2026)


IST:POLHO Polisan Holding AS IST:POLHO
53 GF Score
Price ₺20.68
GF Value ₺7.82
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Polisan Holding AS Cash Conversion Cycle?

Polisan Holding AS IST:POLHO +1.17% 53 Cash Conversion Cycle is 17.19 as of Mar. 2026. GuruFocus rates IST:POLHO with a GF Score™ of 53/100 and a GF Value™ of ₺7.82 (Significantly Overvalued). The stock has 5 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.

Polisan Holding AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 70.45.
Polisan Holding AS's Days Inventory for the three months ended in Mar. 2026 was 23.91.
Polisan Holding AS's Days Payable for the three months ended in Mar. 2026 was 77.17.
Therefore, Polisan Holding AS's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 17.19.


Polisan Holding AS  (IST:POLHO) 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.


Polisan Holding AS Cash Conversion Cycle Related Terms


Polisan Holding AS Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Polisan Holding 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.

Polisan Holding AS Cash Conversion Cycle Chart

Polisan Holding AS 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 34.40 15.62 11.09 16.09 28.91

Polisan Holding AS 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 35.55 37.47 30.62 21.23 17.19

IST:POLHO vs LIN, SHW, ECL: Cash Conversion Cycle Comparison

For the Specialty Chemicals subindustry, Polisan Holding 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.


Polisan Holding AS Cash Conversion Cycle vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polisan Holding AS's Cash Conversion Cycle distribution charts can be found below:

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


IST:POLHO
53GF Score
Polisan Holding AS IST:POLHO
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Polisan Holding 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.

Polisan Holding AS'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
=80.65+34.09-85.83
=28.91

Polisan Holding AS'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
=70.45+23.91-77.17
=17.19

* 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 17.19 mean?
Polisan Holding AS (IST:POLHO) has a Cash Conversion Cycle of 17.19 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Polisan Holding AS and its competitors.
Is Polisan Holding AS's Cash Conversion Cycle too high?
Polisan Holding AS's current Cash Conversion Cycle is 17.19. The Chemicals industry median Cash Conversion Cycle is 89.20. Polisan Holding AS's value of 17.19 is 80.7% below this industry median. Overall, Polisan Holding AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polisan Holding AS's Cash Conversion Cycle compare to LIN and SHW?
Polisan Holding AS's Cash Conversion Cycle of 17.19 can be compared against companies in the Chemicals industry. The industry median Cash Conversion Cycle is 89.20. Polisan Holding AS's value of 17.19 is 80.7% 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 Chemicals company?
The median Cash Conversion Cycle among Chemicals companies is 89.20, based on 1,581 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. Polisan Holding AS's current Cash Conversion Cycle of 17.19 is 80.7% 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 Polisan Holding AS and its competitors. For the Chemicals industry, the median Cash Conversion Cycle is 89.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polisan Holding AS's current Cash Conversion Cycle is 17.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polisan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Polisan Holding AS (IST:POLHO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺7.82, compared to a current price of ₺20.68 — trading 164.5% above its estimated fair value. The current Cash Conversion Cycle is 17.19 and 80.7% below the Chemicals industry median of 89.20. Polisan Holding AS's overall GF Score™ is 53/100 with 5 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 Polisan Holding AS (IST:POLHO), the current Cash Conversion Cycle is 17.19 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 Polisan Holding AS (IST:POLHO) Overvalued in 2026?

Based on GuruFocus' analysis, Polisan Holding AS stock appears to be overvalued. The current stock price of ₺20.68 is trading 164.5% above its estimated GF Value™ of ₺7.82. GuruFocus considers Polisan Holding AS to be Significantly Overvalued.

Key valuation signals for IST:POLHO:

  • Cash Conversion Cycle: 17.19
  • GF Value™: ₺7.82 vs. price of ₺20.68 (164.5% above fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 80.7% below the Chemicals median

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


Polisan Holding AS Business Description

Address Dilovasi Organize Sanayi Bolgesi 1, Kisim Liman Caddesi No: 7, Kocaeli, Dilovasi, TUR
Polisan Holding AS engages in the manufacture and distribution of decorative paints, chemicals, textile goods, and rendering port and storage services. It operates through the following segments: Chemical Products, Port, Services, and Real estate. Majority of the firm's revenue gets derived from Chemical Products segment. The company offers paints, varnishes, resins, and other surface coating and insulation materials; formaldehyde, formaldehyde resins, and construction chemicals, as well as polyethylene terephthalate granules and synthetic fibers; emulsion polymers used in paint, wood, textiles, carpeting, and glue industries.
53GF Score

Get the complete analysis for IST:POLHO

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

₺20.68
Price
₺7.82
GF Value