Impax Asset Management Group (LSE:IPX) 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.
Impax Asset Management Group Cash Conversion Cycle Related Terms
Impax Asset Management Group Cash Conversion Cycle Historical Data
* 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.
Impax Asset Management Group Cash Conversion Cycle Chart
LSE:IPX vs BLK, BX, KKR: Cash Conversion Cycle Comparison
For the Asset Management subindustry, Impax Asset Management Group'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.
Impax Asset Management Group Cash Conversion Cycle vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Impax Asset Management Group's Cash Conversion Cycle falls into.
Impax Asset Management Group 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.
Impax Asset Management Group's Cash Conversion Cycle for the fiscal year that ended in Sep. 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.
Impax Asset Management Group (LSE:IPX) has a Cash Conversion Cycle of 56.97 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Impax Asset Management Group and its competitors.
Is Impax Asset Management Group's Cash Conversion Cycle too high?
Impax Asset Management Group's current Cash Conversion Cycle is 56.97. The Asset Management industry median Cash Conversion Cycle is 4.78. Impax Asset Management Group's value of 56.97 is 1091.8% above this industry median. Overall, Impax Asset Management Group has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Impax Asset Management Group's Cash Conversion Cycle compare to BLK and BX?
Impax Asset Management Group's Cash Conversion Cycle of 56.97 can be compared against companies in the Asset Management industry. The industry median Cash Conversion Cycle is 4.78. Impax Asset Management Group's value of 56.97 is 1091.8% 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 Asset Management company?
The median Cash Conversion Cycle among Asset Management companies is 4.78, based on 603 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. Impax Asset Management Group's current Cash Conversion Cycle of 56.97 is 1091.8% 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 Impax Asset Management Group and its competitors. For the Asset Management industry, the median Cash Conversion Cycle is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impax Asset Management Group's current Cash Conversion Cycle is 56.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impax Asset Management Group stock overvalued right now?
Based on GuruFocus' analysis, Impax Asset Management Group (LSE:IPX) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.43, compared to a current price of £0.98 — trading 59.7% below its estimated fair value. The current Cash Conversion Cycle is 56.97 and 1091.8% above the Asset Management industry median of 4.78. Impax Asset Management Group's overall GF Score™ is 63/100 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 Impax Asset Management Group (LSE:IPX), the current Cash Conversion Cycle is 56.97 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 Impax Asset Management Group (LSE:IPX) Overvalued in 2026?
Based on GuruFocus' analysis, Impax Asset Management Group stock appears to be undervalued.
The current stock price of £0.98 is trading 59.7% below its estimated GF Value™ of £2.43.
GuruFocus considers Impax Asset Management Group to be Significantly Undervalued.
Key valuation signals for LSE:IPX:
Cash Conversion Cycle: 56.97
GF Value™: £2.43 vs. price of £0.98 (59.7% below fair value)
Industry Position: 1091.8% above the Asset Management median
No single metric tells the full story. See the LSE:IPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The Group is managed on an integrated basis and there is one reportable segment The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.
63GF Score
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