Nokia Oyj's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 96.76.
Nokia Oyj's Days Inventory for the
three
months ended in Mar. 2026 was 83.47.
Nokia Oyj's Days Payable for the
three
months ended in Mar. 2026 was 111.51.
Therefore, Nokia Oyj's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 68.72.
Nokia Oyj (LTS:0HAF) 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.
Nokia Oyj Cash Conversion Cycle Related Terms
Nokia Oyj Cash Conversion Cycle Historical Data
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The historical data trend for Nokia Oyj'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.
LTS:0HAF vs CSCO, CIEN, MSI: Cash Conversion Cycle Comparison
For the Communication Equipment subindustry, Nokia Oyj'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.
Nokia Oyj Cash Conversion Cycle vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Nokia Oyj'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.
Nokia Oyj's Cash Conversion Cycle for the fiscal year that ended in Dec. 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.
Nokia Oyj (LTS:0HAF) has a Cash Conversion Cycle of 68.72 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Nokia Oyj and its competitors.
Is Nokia Oyj's Cash Conversion Cycle too high?
Nokia Oyj's current Cash Conversion Cycle is 68.72. The Hardware industry median Cash Conversion Cycle is 98.95. Nokia Oyj's value of 68.72 is 30.6% below this industry median. Overall, Nokia Oyj has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Cash Conversion Cycle compare to CSCO and CIEN?
Nokia Oyj's Cash Conversion Cycle of 68.72 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 98.95. Nokia Oyj's value of 68.72 is 30.6% 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 Hardware company?
The median Cash Conversion Cycle among Hardware companies is 98.95, based on 2,477 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. Nokia Oyj's current Cash Conversion Cycle of 68.72 is 30.6% 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 Nokia Oyj and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 98.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Cash Conversion Cycle is 68.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (LTS:0HAF) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.23, compared to a current price of €10.86 — trading 156.7% above its estimated fair value. The current Cash Conversion Cycle is 68.72 and 30.6% below the Hardware industry median of 98.95. Nokia Oyj's overall GF Score™ is 60/100 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 Nokia Oyj (LTS:0HAF), the current Cash Conversion Cycle is 68.72 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 Nokia Oyj (LTS:0HAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of €10.86 is trading 156.7% above its estimated GF Value™ of €4.23.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for LTS:0HAF:
Cash Conversion Cycle: 68.72
GF Value™: €4.23 vs. price of €10.86 (156.7% above fair value)
Industry Position: 30.6% below the Hardware median
No single metric tells the full story. See the LTS:0HAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
60GF Score
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