OceanaGold's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 2.64.
OceanaGold's Days Inventory for the
three
months ended in Mar. 2026 was 64.96.
OceanaGold's Days Payable for the
three
months ended in Mar. 2026 was 98.23.
Therefore, OceanaGold's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was -30.63.
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.
OceanaGold Cash Conversion Cycle Related Terms
OceanaGold Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for OceanaGold'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.
TSX:OGC vs NEM, AU: Cash Conversion Cycle Comparison
For the Gold subindustry, OceanaGold'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.
OceanaGold Cash Conversion Cycle vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, OceanaGold's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where OceanaGold'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.
OceanaGold'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.
OceanaGold (TSX:OGC) has a Cash Conversion Cycle of -30.63 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on OceanaGold and its competitors.
Is OceanaGold's Cash Conversion Cycle too high?
OceanaGold's current Cash Conversion Cycle is -30.63. Overall, OceanaGold has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OceanaGold's Cash Conversion Cycle compare to NEM and AU?
OceanaGold's Cash Conversion Cycle of -30.63 can be compared against companies in the Metals & Mining industry. The industry median Cash Conversion Cycle is 15.02. 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 Metals & Mining company?
The median Cash Conversion Cycle among Metals & Mining companies is 15.02, based on 1,162 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. 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 OceanaGold and its competitors. For the Metals & Mining industry, the median Cash Conversion Cycle is 15.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OceanaGold's current Cash Conversion Cycle is -30.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OceanaGold stock overvalued right now?
Based on GuruFocus' analysis, OceanaGold (TSX:OGC) is currently considered Modestly Overvalued. The stock's GF Value™ is C$28.55, compared to a current price of C$34.29 — trading 20.1% above its estimated fair value. The current Cash Conversion Cycle is -30.63. OceanaGold's overall GF Score™ is 86/100 with 1 warning sign 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 OceanaGold (TSX:OGC), the current Cash Conversion Cycle is -30.63 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 OceanaGold (TSX:OGC) Overvalued in 2026?
Based on GuruFocus' analysis, OceanaGold stock appears to be overvalued.
The current stock price of C$34.29 is trading 20.1% above its estimated GF Value™ of C$28.55.
GuruFocus considers OceanaGold to be Modestly Overvalued.
Key valuation signals for TSX:OGC:
Cash Conversion Cycle: -30.63
GF Value™: C$28.55 vs. price of C$34.29 (20.1% above fair value)
No single metric tells the full story. See the TSX:OGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering robust returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The company generates key revenue from Haile mines.
86GF Score
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