Mayer Steel Pipe's Days Sales Outstanding for the
three
months ended in Dec. 2025 was 36.32.
Mayer Steel Pipe's Days Inventory for the
three
months ended in Dec. 2025 was 495.06.
Mayer Steel Pipe's Days Payable for the
three
months ended in Dec. 2025 was 10.19.
Therefore, Mayer Steel Pipe's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2025 was 521.19.
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.
Mayer Steel Pipe Cash Conversion Cycle Related Terms
Mayer Steel Pipe Cash Conversion Cycle Historical Data
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The historical data trend for Mayer Steel Pipe'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.
TPE:2020 vs NUE, STLD, RS: Cash Conversion Cycle Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Cash Conversion Cycle vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a Cash Conversion Cycle of 521.19 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Mayer Steel Pipe and its competitors.
Is Mayer Steel Pipe's Cash Conversion Cycle too high?
Mayer Steel Pipe's current Cash Conversion Cycle is 521.19. The Steel industry median Cash Conversion Cycle is 94.50. Mayer Steel Pipe's value of 521.19 is 451.5% above this industry median. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Cash Conversion Cycle compare to NUE and STLD?
Mayer Steel Pipe's Cash Conversion Cycle of 521.19 can be compared against companies in the Steel industry. The industry median Cash Conversion Cycle is 94.50. Mayer Steel Pipe's value of 521.19 is 451.5% 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 a Steel company?
The median Cash Conversion Cycle among Steel companies is 94.50, based on 610 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. Mayer Steel Pipe's current Cash Conversion Cycle of 521.19 is 451.5% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Cash Conversion Cycle is 94.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Cash Conversion Cycle is 521.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.95, compared to a current price of NT$21.40 — trading 2.1% above its estimated fair value. The current Cash Conversion Cycle is 521.19 and 451.5% above the Steel industry median of 94.50. Mayer Steel Pipe's overall GF Score™ is 75/100 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 Mayer Steel Pipe (TPE:2020), the current Cash Conversion Cycle is 521.19 as of Dec. 2025. 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.40 is trading 2.1% above its estimated GF Value™ of NT$20.95.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Cash Conversion Cycle: 521.19
GF Value™: NT$20.95 vs. price of NT$21.40 (2.1% above fair value)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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