Havila Shipping ASA's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 79.44.
Havila Shipping ASA's Days Inventory for the
three
months ended in Mar. 2026 was 2.17.
Havila Shipping ASA's Days Payable for the
three
months ended in Mar. 2026 was 26.33.
Therefore, Havila Shipping ASA's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 55.28.
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.
Havila Shipping ASA Cash Conversion Cycle Related Terms
Havila Shipping ASA Cash Conversion Cycle Historical Data
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The historical data trend for Havila Shipping ASA'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.
For the Marine Shipping subindustry, Havila Shipping ASA'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.
Havila Shipping ASA Cash Conversion Cycle vs Transportation Industry
For the Transportation industry and Industrials sector, Havila Shipping ASA's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Havila Shipping ASA'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.
Havila Shipping ASA'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.
Havila Shipping ASA (OSL:HAVI) has a Cash Conversion Cycle of 55.28 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Havila Shipping ASA and its competitors.
Is Havila Shipping ASA's Cash Conversion Cycle too high?
Havila Shipping ASA's current Cash Conversion Cycle is 55.28. The Transportation industry median Cash Conversion Cycle is 20.26. Havila Shipping ASA's value of 55.28 is 172.9% above this industry median. Overall, Havila Shipping ASA has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Havila Shipping ASA's Cash Conversion Cycle compare to competitors?
Havila Shipping ASA's Cash Conversion Cycle of 55.28 can be compared against companies in the Transportation industry. The industry median Cash Conversion Cycle is 20.26. Havila Shipping ASA's value of 55.28 is 172.9% 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 Transportation company?
The median Cash Conversion Cycle among Transportation companies is 20.26, based on 1,001 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. Havila Shipping ASA's current Cash Conversion Cycle of 55.28 is 172.9% 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 Havila Shipping ASA and its competitors. For the Transportation industry, the median Cash Conversion Cycle is 20.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havila Shipping ASA's current Cash Conversion Cycle is 55.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Shipping ASA stock overvalued right now?
Based on GuruFocus' analysis, Havila Shipping ASA (OSL:HAVI) is currently considered Possible Value Trap. The stock's GF Value™ is kr2.65, compared to a current price of kr1.12 — trading 57.9% below its estimated fair value. The current Cash Conversion Cycle is 55.28 and 172.9% above the Transportation industry median of 20.26. Havila Shipping ASA's overall GF Score™ is 50/100 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 Havila Shipping ASA (OSL:HAVI), the current Cash Conversion Cycle is 55.28 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 Havila Shipping ASA (OSL:HAVI) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Shipping ASA stock appears to be undervalued.
The current stock price of kr1.12 is trading 57.9% below its estimated GF Value™ of kr2.65.
GuruFocus considers Havila Shipping ASA to be Possible Value Trap.
Key valuation signals for OSL:HAVI:
Cash Conversion Cycle: 55.28
GF Value™: kr2.65 vs. price of kr1.12 (57.9% below fair value)
Industry Position: 172.9% above the Transportation median
No single metric tells the full story. See the OSL:HAVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Shipping ASA is a supplier of quality assured supply services to the offshore industry, nationally as well as internationally. Its segment includes Platform Supply Vessel, Rescue recovery Vessel, Subsea operations vessels, and Non-allocated. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Belgium, Iceland, and the Netherlands. The group generates the majority of its revenue from the Platform Supply Vessel segment.
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