Invicta Holdings (JSE:IVT) Cash Conversion Cycle: 159.24 (As of Mar. 2026)


JSE:IVT Invicta Holdings Ltd JSE:IVT
88 GF Score
Price R38.00
GF Value R39.21
Valuation Fairly Valued
! 4 Warning Signs
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What is Invicta Holdings Cash Conversion Cycle?

Invicta Holdings JSE:IVT 88 Cash Conversion Cycle is 159.24 as of Mar. 2026. GuruFocus rates JSE:IVT with a GF Score™ of 88/100 and a GF Value™ of R39.21 (Fairly Valued). 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.

Invicta Holdings's Days Sales Outstanding for the six months ended in Mar. 2026 was 53.36.
Invicta Holdings's Days Inventory for the six months ended in Mar. 2026 was 195.84.
Invicta Holdings's Days Payable for the six months ended in Mar. 2026 was 89.96.
Therefore, Invicta Holdings's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 159.24.


Invicta Holdings  (JSE:IVT) 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.


Invicta Holdings Cash Conversion Cycle Related Terms


Invicta Holdings Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Invicta 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.

Invicta Holdings Cash Conversion Cycle Chart

Invicta Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 150.94 168.77 183.43 168.38 162.08

Invicta Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 184.16 165.03 155.48 148.12 159.24

JSE:IVT vs GWW, FAST, FERG: Cash Conversion Cycle Comparison

For the Industrial Distribution subindustry, Invicta 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.


Invicta Holdings Cash Conversion Cycle vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Invicta Holdings's Cash Conversion Cycle distribution charts can be found below:

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


JSE:IVT
88GF Score
Invicta Holdings Ltd JSE:IVT
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Invicta 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.

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

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=49.22+191.71-78.85
=162.08

Invicta Holdings'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
=53.36+195.84-89.96
=159.24

* 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 159.24 mean?
Invicta Holdings (JSE:IVT) has a Cash Conversion Cycle of 159.24 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Invicta Holdings and its competitors.
Is Invicta Holdings' Cash Conversion Cycle too high?
Invicta Holdings' current Cash Conversion Cycle is 159.24. The Industrial Distribution industry median Cash Conversion Cycle is 98.83. Invicta Holdings' value of 159.24 is 61.1% above this industry median. Overall, Invicta Holdings has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Invicta Holdings' Cash Conversion Cycle compare to GWW and FAST?
Invicta Holdings' Cash Conversion Cycle of 159.24 can be compared against companies in the Industrial Distribution industry. The industry median Cash Conversion Cycle is 98.83. Invicta Holdings' value of 159.24 is 61.1% 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 an Industrial Distribution company?
The median Cash Conversion Cycle among Industrial Distribution companies is 98.83, based on 157 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. Invicta Holdings's current Cash Conversion Cycle of 159.24 is 61.1% 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 Invicta Holdings and its competitors. For the Industrial Distribution industry, the median Cash Conversion Cycle is 98.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invicta Holdings's current Cash Conversion Cycle is 159.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invicta Holdings stock overvalued right now?
Based on GuruFocus' analysis, Invicta Holdings (JSE:IVT) is currently considered Fairly Valued. The stock's GF Value™ is R39.21, compared to a current price of R38.00 — trading 3.1% below its estimated fair value. The current Cash Conversion Cycle is 159.24 and 61.1% above the Industrial Distribution industry median of 98.83. Invicta Holdings' overall GF Score™ is 88/100 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 Invicta Holdings (JSE:IVT), the current Cash Conversion Cycle is 159.24 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 Invicta Holdings (JSE:IVT) Overvalued in 2026?

Based on GuruFocus' analysis, Invicta Holdings stock appears to be undervalued. The current stock price of R38.00 is trading 3.1% below its estimated GF Value™ of R39.21. GuruFocus considers Invicta Holdings to be Fairly Valued.

Key valuation signals for JSE:IVT:

  • Cash Conversion Cycle: 159.24
  • GF Value™: R39.21 vs. price of R38.00 (3.1% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 61.1% above the Industrial Distribution median

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


Invicta Holdings Business Description

Other Exchanges IVCHF:USAI5J:Germany
Address 3 Droste Crescent, Droste Park Extension 7, Jeppestown, Johannesburg, GT, ZAF, 2001
Invicta Holdings Ltd is an investment holding management company. The company's segment includes Replacement Parts, Services, and Solutions for Earth-Moving Equipment (RPE), Industrial sectors (RPI), and Auto-Agri applications (RPA), along with Kian Ann Group (KAG). It also offers Capital Equipment and Related Parts and Services which Kian Ann Group supports. It earns the majority of the revenue from RPI Industrial segment.
88GF Score

Get the complete analysis for JSE:IVT

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

R38.00
Price
R39.21
GF Value