Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
MAS's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 50.15.
MAS's Days Inventory for the
six
months ended in Dec. 2025 was 923.98.
MAS's Days Payable for the
six
months ended in Dec. 2025 was 199.96.
Therefore, MAS's Cash Conversion Cycle (CCC) for the
six
months ended in Dec. 2025 was 774.17.
MAS (JSE:MSP) 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.
MAS Cash Conversion Cycle Related Terms
MAS Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for MAS'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.
For the Real Estate - Diversified subindustry, MAS'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.
MAS Cash Conversion Cycle vs Real Estate Industry
For the Real Estate industry and Real Estate sector, MAS's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where MAS's Cash Conversion Cycle falls into.
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.
MAS's Cash Conversion Cycle for the fiscal year that ended in Jun. 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.
MAS (JSE:MSP) has a Cash Conversion Cycle of 774.17 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on MAS and its competitors.
Is MAS's Cash Conversion Cycle too high?
MAS's current Cash Conversion Cycle is 774.17. The Real Estate industry median Cash Conversion Cycle is 321.71. MAS's value of 774.17 is 140.6% above this industry median. Overall, MAS has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MAS's Cash Conversion Cycle compare to competitors?
MAS's Cash Conversion Cycle of 774.17 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 321.71. MAS's value of 774.17 is 140.6% 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 a Real Estate company?
The median Cash Conversion Cycle among Real Estate companies is 321.71, 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. MAS's current Cash Conversion Cycle of 774.17 is 140.6% 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 MAS and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 321.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAS's current Cash Conversion Cycle is 774.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAS stock overvalued right now?
Based on GuruFocus' analysis, MAS (JSE:MSP) is currently considered Modestly Overvalued. The stock's GF Value™ is R20.09, compared to a current price of R22.31 — trading 11.1% above its estimated fair value. The current Cash Conversion Cycle is 774.17 and 140.6% above the Real Estate industry median of 321.71. MAS's overall GF Score™ is 73/100 with 6 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 MAS (JSE:MSP), the current Cash Conversion Cycle is 774.17 as of Dec. 2025. 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 MAS (JSE:MSP) Overvalued in 2026?
Based on GuruFocus' analysis, MAS stock appears to be overvalued.
The current stock price of R22.31 is trading 11.1% above its estimated GF Value™ of R20.09.
GuruFocus considers MAS to be Modestly Overvalued.
Key valuation signals for JSE:MSP:
Cash Conversion Cycle: 774.17
GF Value™: R20.09 vs. price of R22.31 (11.1% above fair value)
Industry Position: 140.6% above the Real Estate median
No single metric tells the full story. See the JSE:MSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAS PLC is a property investor. It owns income generating properties in Romania, Bulgaria, and Poland. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.
73GF Score
Get the complete analysis for JSE:MSP
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:MSP has been successfully added to your 
