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MKS's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 60.35.
MKS's Days Inventory for the
three
months ended in Mar. 2026 was 149.42.
MKS's Days Payable for the
three
months ended in Mar. 2026 was 68.32.
Therefore, MKS's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 141.45.
MKS (LTS:0JWG) 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.
MKS Cash Conversion Cycle Related Terms
MKS Cash Conversion Cycle Historical Data
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The historical data trend for MKS'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:0JWG vs TDY, FTV, TRMB: Cash Conversion Cycle Comparison
For the Scientific & Technical Instruments subindustry, MKS'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.
MKS Cash Conversion Cycle vs Hardware Industry
For the Hardware industry and Technology sector, MKS's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where MKS'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.
MKS'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.
MKS (LTS:0JWG) has a Cash Conversion Cycle of 141.45 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on MKS and its competitors.
Is MKS's Cash Conversion Cycle too high?
MKS's current Cash Conversion Cycle is 141.45. The Hardware industry median Cash Conversion Cycle is 99.18. MKS's value of 141.45 is 42.6% above this industry median. Overall, MKS has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MKS's Cash Conversion Cycle compare to TDY and FTV?
MKS's Cash Conversion Cycle of 141.45 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 99.18. MKS's value of 141.45 is 42.6% 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 Hardware company?
The median Cash Conversion Cycle among Hardware companies is 99.18, based on 2,479 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. MKS's current Cash Conversion Cycle of 141.45 is 42.6% 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 MKS and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 99.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MKS's current Cash Conversion Cycle is 141.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MKS stock overvalued right now?
Based on GuruFocus' analysis, MKS (LTS:0JWG) is currently considered Significantly Overvalued. The stock's GF Value™ is $124.33, compared to a current price of $327.74 — trading 163.6% above its estimated fair value. The current Cash Conversion Cycle is 141.45 and 42.6% above the Hardware industry median of 99.18. MKS's overall GF Score™ is 66/100 with 5 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 MKS (LTS:0JWG), the current Cash Conversion Cycle is 141.45 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 MKS (LTS:0JWG) Overvalued in 2026?
Based on GuruFocus' analysis, MKS stock appears to be overvalued.
The current stock price of $327.74 is trading 163.6% above its estimated GF Value™ of $124.33.
GuruFocus considers MKS to be Significantly Overvalued.
Key valuation signals for LTS:0JWG:
Cash Conversion Cycle: 141.45
GF Value™: $124.33 vs. price of $327.74 (163.6% above fair value)
Industry Position: 42.6% above the Hardware median
No single metric tells the full story. See the LTS:0JWG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MKS Inc delivers foundational technology solutions for leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. The company provides instruments, components, subsystems, systems, process control solutions, and specialty chemicals technology that improve process performance and optimize productivity. Its solutions address challenges of miniaturization and complexity in device manufacturing, enabling increased power, speed, and feature enhancement. MKS Inc operates through three divisions: Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Materials Solutions Division (MSD). The company operates in the United States, which generates maximum revenue, as well as China and other countries.
66GF Score
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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