National Grid's Days Sales Outstanding for the
six
months ended in Mar. 2026 was 51.19.
National Grid's Days Inventory for the
six
months ended in Mar. 2026 was 0.
National Grid's Days Payable for the
six
months ended in Mar. 2026 was 0.
Therefore, National Grid's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2026 was 51.19.
National Grid (OTCPK:NGGTF) 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.
National Grid Cash Conversion Cycle Related Terms
National Grid Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for National Grid'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.
NGGTF vs NEE, SO, DUK: Cash Conversion Cycle Comparison
For the Utilities - Regulated Electric subindustry, National Grid'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.
National Grid Cash Conversion Cycle vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where National Grid'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.
National Grid's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 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.
National Grid (NGGTF) has a Cash Conversion Cycle of 51.19 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on National Grid and its competitors.
Is National Grid's Cash Conversion Cycle too high?
National Grid's current Cash Conversion Cycle is 51.19. The Utilities - Regulated industry median Cash Conversion Cycle is 13.93. National Grid's value of 51.19 is 267.5% above this industry median. Overall, National Grid has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Grid's Cash Conversion Cycle compare to NEE and SO?
National Grid's Cash Conversion Cycle of 51.19 can be compared against companies in the Utilities - Regulated industry. The industry median Cash Conversion Cycle is 13.93. National Grid's value of 51.19 is 267.5% 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 Utilities - Regulated company?
The median Cash Conversion Cycle among Utilities - Regulated companies is 13.93, based on 499 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. National Grid's current Cash Conversion Cycle of 51.19 is 267.5% 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 National Grid and its competitors. For the Utilities - Regulated industry, the median Cash Conversion Cycle is 13.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current Cash Conversion Cycle is 51.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Grid stock overvalued right now?
Based on GuruFocus' analysis, National Grid (NGGTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.02, compared to a current price of $16.83 — trading 67.9% above its estimated fair value. The current Cash Conversion Cycle is 51.19 and 267.5% above the Utilities - Regulated industry median of 13.93. National Grid's overall GF Score™ is 74/100 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 National Grid (NGGTF), the current Cash Conversion Cycle is 51.19 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 National Grid (NGGTF) Overvalued in 2026?
Based on GuruFocus' analysis, National Grid stock appears to be overvalued.
The current stock price of $16.83 is trading 67.9% above its estimated GF Value™ of $10.02.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for NGGTF:
Cash Conversion Cycle: 51.19
GF Value™: $10.02 vs. price of $16.83 (67.9% above fair value)
Industry Position: 267.5% above the Utilities - Regulated median
No single metric tells the full story. See the NGGTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission electricity networks in the United States, metering services and merchant transmission lines in the UK.
74GF Score
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