Daqo New Energy (STU:5DQ2) Cash Conversion Cycle: 147.89 (As of Mar. 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.

STU:5DQ2 Daqo New Energy Corp STU:5DQ2
77 GF Score
Price €10.40
GF Value €8.16
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Daqo New Energy Cash Conversion Cycle?

Daqo New Energy STU:5DQ2 -0.95% 77 Cash Conversion Cycle is 147.89 as of Mar. 2026. GuruFocus rates STU:5DQ2 with a GF Score™ of 77/100 and a GF Value™ of €8.16 (Modestly Overvalued). The stock has 3 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.

Daqo New Energy's Days Sales Outstanding for the three months ended in Mar. 2026 was 70.96.
Daqo New Energy's Days Inventory for the three months ended in Mar. 2026 was 116.81.
Daqo New Energy's Days Payable for the three months ended in Mar. 2026 was 39.88.
Therefore, Daqo New Energy's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 147.89.


Daqo New Energy  (STU:5DQ2) 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.


Daqo New Energy Cash Conversion Cycle Related Terms


Daqo New Energy Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Daqo New Energy'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.

Daqo New Energy Cash Conversion Cycle Chart

Daqo New Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.11 48.43 22.45 29.49 63.74

Daqo New Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 96.16 135.03 69.32 104.40 147.89

STU:5DQ2 vs ASYS, ATOM, INTT: Cash Conversion Cycle Comparison

For the Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.


Daqo New Energy Cash Conversion Cycle vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Daqo New Energy's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Daqo New Energy's Cash Conversion Cycle falls into.


STU:5DQ2
77GF Score
Daqo New Energy Corp STU:5DQ2
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daqo New Energy 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.

Daqo New Energy'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
=0+76.51-12.77
=63.74

Daqo New Energy's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=70.96+116.81-39.88
=147.89

* 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 147.89 mean?
Daqo New Energy (STU:5DQ2) has a Cash Conversion Cycle of 147.89 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Daqo New Energy and its competitors.
Is Daqo New Energy's Cash Conversion Cycle too high?
Daqo New Energy's current Cash Conversion Cycle is 147.89. The Semiconductors industry median Cash Conversion Cycle is 116.21. Daqo New Energy's value of 147.89 is 27.3% above this industry median. Overall, Daqo New Energy has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daqo New Energy's Cash Conversion Cycle compare to ASYS and ATOM?
Daqo New Energy's Cash Conversion Cycle of 147.89 can be compared against companies in the Semiconductors industry. The industry median Cash Conversion Cycle is 116.21. Daqo New Energy's value of 147.89 is 27.3% 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 Semiconductors company?
The median Cash Conversion Cycle among Semiconductors companies is 116.21, based on 1,023 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. Daqo New Energy's current Cash Conversion Cycle of 147.89 is 27.3% 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 Daqo New Energy and its competitors. For the Semiconductors industry, the median Cash Conversion Cycle is 116.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daqo New Energy's current Cash Conversion Cycle is 147.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daqo New Energy stock overvalued right now?
Based on GuruFocus' analysis, Daqo New Energy (STU:5DQ2) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.16, compared to a current price of €10.40 — trading 27.5% above its estimated fair value. The current Cash Conversion Cycle is 147.89 and 27.3% above the Semiconductors industry median of 116.21. Daqo New Energy's overall GF Score™ is 77/100 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 Daqo New Energy (STU:5DQ2), the current Cash Conversion Cycle is 147.89 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 Daqo New Energy (STU:5DQ2) Overvalued in 2026?

Based on GuruFocus' analysis, Daqo New Energy stock appears to be overvalued. The current stock price of €10.40 is trading 27.5% above its estimated GF Value™ of €8.16. GuruFocus considers Daqo New Energy to be Modestly Overvalued.

Key valuation signals for STU:5DQ2:

  • Cash Conversion Cycle: 147.89
  • GF Value™: €8.16 vs. price of €10.40 (27.5% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 27.3% above the Semiconductors median

No single metric tells the full story. See the STU:5DQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daqo New Energy Business Description

Other Exchanges DQ:USA0I74:UK
Address No. 838 Zhangyang Road, 29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, CHN, 200122
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company manufactures and sells high-purity polysilicon to manufacturers who use it to make ingots, cells, and modules for solar power solutions. The polysilicon is packaged to meet crucible stacking, pulling, and solidification needs. All of the company's revenues come from the People's Republic of China.
77GF Score

Get the complete analysis for STU:5DQ2

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

€10.40
Price
€8.16
GF Value