Safe Bulkers's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 10.86.
Safe Bulkers's Days Inventory for the
three
months ended in Mar. 2026 was 42.61.
Safe Bulkers's Days Payable for the
three
months ended in Mar. 2026 was 29.98.
Therefore, Safe Bulkers's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 23.49.
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.
Safe Bulkers Cash Conversion Cycle Related Terms
Safe Bulkers Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Safe Bulkers'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.
SB vs ASC, ESEA, PANL: Cash Conversion Cycle Comparison
For the Marine Shipping subindustry, Safe Bulkers'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.
Safe Bulkers Cash Conversion Cycle vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Safe Bulkers'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.
Safe Bulkers'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.
Safe Bulkers (SB) has a Cash Conversion Cycle of 23.49 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Safe Bulkers and its competitors.
Is Safe Bulkers' Cash Conversion Cycle too high?
Safe Bulkers' current Cash Conversion Cycle is 23.49. The Transportation industry median Cash Conversion Cycle is 20.28. Safe Bulkers' value of 23.49 is 15.8% above this industry median. Overall, Safe Bulkers has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Cash Conversion Cycle compare to ASC and ESEA?
Safe Bulkers' Cash Conversion Cycle of 23.49 can be compared against companies in the Transportation industry. The industry median Cash Conversion Cycle is 20.28. Safe Bulkers' value of 23.49 is 15.8% 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 20.28, based on 999 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. Safe Bulkers's current Cash Conversion Cycle of 23.49 is 15.8% 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 Safe Bulkers and its competitors. For the Transportation industry, the median Cash Conversion Cycle is 20.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Cash Conversion Cycle is 23.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safe Bulkers stock overvalued right now?
Based on GuruFocus' analysis, Safe Bulkers (SB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.53, compared to a current price of $6.31 — trading 39.3% above its estimated fair value. The current Cash Conversion Cycle is 23.49 and 15.8% above the Transportation industry median of 20.28. Safe Bulkers' overall GF Score™ is 69/100 with 6 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 Safe Bulkers (SB), the current Cash Conversion Cycle is 23.49 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 Safe Bulkers (SB) Overvalued in 2026?
Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued.
The current stock price of $6.31 is trading 39.3% above its estimated GF Value™ of $4.53.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Cash Conversion Cycle: 23.49
GF Value™: $4.53 vs. price of $6.31 (39.3% above fair value)
Industry Position: 15.8% above the Transportation median
No single metric tells the full story. See the SB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services. The company generates almost all of its revenue from Time Charters.
69GF Score
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