Adcorp Holdings (JSE:ADR) Cash Conversion Cycle: 29.96 (As of Feb. 2026)


JSE:ADR Adcorp Holdings Ltd JSE:ADR
60 GF Score
Price R6.50
GF Value R4.60
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Adcorp Holdings Cash Conversion Cycle?

Adcorp Holdings JSE:ADR -1.52% 60 Cash Conversion Cycle is 29.96 as of Feb. 2026. GuruFocus rates JSE:ADR with a GF Score™ of 60/100 and a GF Value™ of R4.60 (Significantly Overvalued). The stock has 4 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.

Adcorp Holdings's Days Sales Outstanding for the six months ended in Feb. 2026 was 47.41.
Adcorp Holdings's Days Inventory for the six months ended in Feb. 2026 was 0.
Adcorp Holdings's Days Payable for the six months ended in Feb. 2026 was 17.45.
Therefore, Adcorp Holdings's Cash Conversion Cycle (CCC) for the six months ended in Feb. 2026 was 29.96.


Adcorp Holdings  (JSE:ADR) 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.


Adcorp Holdings Cash Conversion Cycle Related Terms


Adcorp Holdings Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings Cash Conversion Cycle Chart

Adcorp Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.75 35.77 36.52 38.28 41.09

Adcorp Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 26.15 24.50 25.24 27.77 29.96

JSE:ADR vs KFY, RHI, TNET: Cash Conversion Cycle Comparison

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.


Adcorp Holdings Cash Conversion Cycle vs Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Adcorp Holdings's Cash Conversion Cycle falls into.


JSE:ADR
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Adcorp Holdings Ltd JSE:ADR
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Adcorp Holdings 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.

Adcorp Holdings's Cash Conversion Cycle for the fiscal year that ended in Feb. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=44.49+0-3.4
=41.09

Adcorp Holdings's Cash Conversion Cycle for the quarter that ended in Feb. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=47.41+0-17.45
=29.96

* 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 29.96 mean?
Adcorp Holdings (JSE:ADR) has a Cash Conversion Cycle of 29.96 as of Feb. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Adcorp Holdings and its competitors.
Is Adcorp Holdings' Cash Conversion Cycle too high?
Adcorp Holdings' current Cash Conversion Cycle is 29.96. The Business Services industry median Cash Conversion Cycle is 38.50. Adcorp Holdings' value of 29.96 is 22.2% below this industry median. Overall, Adcorp Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' Cash Conversion Cycle compare to KFY and RHI?
Adcorp Holdings' Cash Conversion Cycle of 29.96 can be compared against companies in the Business Services industry. The industry median Cash Conversion Cycle is 38.50. Adcorp Holdings' value of 29.96 is 22.2% 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 Business Services company?
The median Cash Conversion Cycle among Business Services companies is 38.50, based on 1,069 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. Adcorp Holdings's current Cash Conversion Cycle of 29.96 is 22.2% 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 Adcorp Holdings and its competitors. For the Business Services industry, the median Cash Conversion Cycle is 38.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adcorp Holdings's current Cash Conversion Cycle is 29.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.50 — trading 41.3% above its estimated fair value. The current Cash Conversion Cycle is 29.96 and 22.2% below the Business Services industry median of 38.50. Adcorp Holdings' overall GF Score™ is 60/100 with 4 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 Adcorp Holdings (JSE:ADR), the current Cash Conversion Cycle is 29.96 as of Feb. 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?

Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued. The current stock price of R6.50 is trading 41.3% above its estimated GF Value™ of R4.60. GuruFocus considers Adcorp Holdings to be Significantly Overvalued.

Key valuation signals for JSE:ADR:

  • Cash Conversion Cycle: 29.96
  • GF Value™: R4.60 vs. price of R6.50 (41.3% above fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 22.2% below the Business Services median

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


Adcorp Holdings Business Description

Address 102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R6.50
Price
R4.60
GF Value