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.
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.
Himax Technologies's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 89.24.
Himax Technologies's Days Inventory for the
three
months ended in Mar. 2026 was 99.57.
Himax Technologies's Days Payable for the
three
months ended in Mar. 2026 was 87.33.
Therefore, Himax Technologies's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 101.48.
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.
Himax Technologies Cash Conversion Cycle Related Terms
Himax Technologies Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Himax 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.
STU:H6Q vs WOLF, AIP, AMBQ: Cash Conversion Cycle Comparison
For the Semiconductors subindustry, Himax 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.
Himax Technologies Cash Conversion Cycle vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Himax Technologies's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Himax Technologies'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.
Himax Technologies'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.
Himax Technologies (STU:H6Q) has a Cash Conversion Cycle of 101.48 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Himax Technologies and its competitors.
Is Himax Technologies' Cash Conversion Cycle too high?
Himax Technologies' current Cash Conversion Cycle is 101.48. The Semiconductors industry median Cash Conversion Cycle is 116.21. Himax Technologies' value of 101.48 is 12.7% below this industry median. Overall, Himax Technologies has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Himax Technologies' Cash Conversion Cycle compare to WOLF and AIP?
Himax Technologies' Cash Conversion Cycle of 101.48 can be compared against companies in the Semiconductors industry. The industry median Cash Conversion Cycle is 116.21. Himax Technologies' value of 101.48 is 12.7% below 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. Himax Technologies's current Cash Conversion Cycle of 101.48 is 12.7% below 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 Himax Technologies 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. Himax Technologies's current Cash Conversion Cycle is 101.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Himax Technologies stock overvalued right now?
Based on GuruFocus' analysis, Himax Technologies (STU:H6Q) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.77, compared to a current price of €11.00 — trading 90.6% above its estimated fair value. The current Cash Conversion Cycle is 101.48 and 12.7% below the Semiconductors industry median of 116.21. Himax Technologies' overall GF Score™ is 67/100 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 Himax Technologies (STU:H6Q), the current Cash Conversion Cycle is 101.48 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 Himax Technologies (STU:H6Q) Overvalued in 2026?
Based on GuruFocus' analysis, Himax Technologies stock appears to be overvalued.
The current stock price of €11.00 is trading 90.6% above its estimated GF Value™ of €5.77.
GuruFocus considers Himax Technologies to be Significantly Overvalued.
Key valuation signals for STU:H6Q:
Cash Conversion Cycle: 101.48
GF Value™: €5.77 vs. price of €11.00 (90.6% above fair value)
Industry Position: 12.7% below the Semiconductors median
No single metric tells the full story. See the STU:H6Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue is derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.
67GF Score
Get the complete analysis for STU:H6Q
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:H6Q has been successfully added to your 
