MRT (Marti Technologies) Cash Conversion Cycle: -9.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MRT Marti Technologies Inc MRT
55 GF Score
Price $2.15
GF Value $4.12
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Marti Technologies Cash Conversion Cycle?

Marti Technologies MRT +5.91% 55 Cash Conversion Cycle is -9.00 as of Jun. 2026. GuruFocus rates MRT with a GF Score™ of 55/100 and a GF Value™ of $4.12 (Possible Value Trap). The stock has 8 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.

Marti Technologies's Days Sales Outstanding for the six months ended in Jun. 2026 was 2.28.
Marti Technologies's Days Inventory for the six months ended in Jun. 2026 was 18.56.
Marti Technologies's Days Payable for the six months ended in Jun. 2026 was 29.84.
Therefore, Marti Technologies's Cash Conversion Cycle (CCC) for the six months ended in Jun. 2026 was -9.00.


Marti Technologies  (AMEX:MRT) 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.


Marti Technologies Cash Conversion Cycle Related Terms


Marti Technologies Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Marti Technologies'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.

Marti Technologies Cash Conversion Cycle Chart

Marti Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial 9.46 24.11 2.82 3.18 -5.63

Marti Technologies Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 5.30 9.09 -4.42 -9.00

MRT vs EGAN, THRY, SMRT: Cash Conversion Cycle Comparison

For the Software - Application subindustry, Marti Technologies'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.


Marti Technologies Cash Conversion Cycle vs Software Industry

For the Software industry and Technology sector, Marti Technologies's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Marti Technologies's Cash Conversion Cycle falls into.


MRT
55GF Score
Marti Technologies Inc MRT
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marti Technologies 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.

Marti Technologies's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=3.12+20.61-29.36
=-5.63

Marti Technologies's Cash Conversion Cycle for the quarter that ended in Jun. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=2.28+18.56-29.84
=-9.00

* 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 -9.00 mean?
Marti Technologies (MRT) has a Cash Conversion Cycle of -9.00 as of Jun. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Marti Technologies and its competitors.
Is Marti Technologies' Cash Conversion Cycle too high?
Marti Technologies' current Cash Conversion Cycle is -9.00. Overall, Marti Technologies has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marti Technologies' Cash Conversion Cycle compare to EGAN and THRY?
Marti Technologies' Cash Conversion Cycle of -9.00 can be compared against companies in the Software industry. The industry median Cash Conversion Cycle is 31.11. 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 Software company?
The median Cash Conversion Cycle among Software companies is 31.11, based on 2,816 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. 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 Marti Technologies and its competitors. For the Software industry, the median Cash Conversion Cycle is 31.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marti Technologies's current Cash Conversion Cycle is -9.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marti Technologies stock overvalued right now?
Based on GuruFocus' analysis, Marti Technologies (MRT) is currently considered Possible Value Trap. The stock's GF Value™ is $4.12, compared to a current price of $2.15 — trading 47.8% below its estimated fair value. The current Cash Conversion Cycle is -9.00. Marti Technologies' overall GF Score™ is 55/100 with 8 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 Marti Technologies (MRT), the current Cash Conversion Cycle is -9.00 as of Jun. 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 Marti Technologies (MRT) Overvalued in 2026?

Based on GuruFocus' analysis, Marti Technologies stock appears to be undervalued. The current stock price of $2.15 is trading 47.8% below its estimated GF Value™ of $4.12. GuruFocus considers Marti Technologies to be Possible Value Trap.

Key valuation signals for MRT:

  • Cash Conversion Cycle: -9.00
  • GF Value™: $4.12 vs. price of $2.15 (47.8% below fair value)
  • GF Score™: 55/100 with 8 warning signs

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


Marti Technologies Business Description

Address Buyukdere Cd. No:237, Sariyer/Istanbul, Maslak, TUR, 34485
Marti Technologies Inc is Turkiye's urban mobility platform, helping to solve the country's transportation needs through tech-enabled services powered by a single mobility super app. The Group aims to offer tech-enabled urban transportation services to consumers across Turkiye through three service offerings: ride-hailing, delivery, and two-wheeled electric vehicle services. The Group's ride-hailing service matches consumers with car, motorcycle, and taxi drivers. The Group's delivery service provides same-hour package delivery by leveraging the Group's existing network of car and motorcycle drivers and consumer base.
55GF Score

Get the complete analysis for MRT

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

$2.15
Price
$4.12
GF Value