Veeco Instruments's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 75.26.
Veeco Instruments's Days Inventory for the
three
months ended in Mar. 2026 was 248.14.
Veeco Instruments's Days Payable for the
three
months ended in Mar. 2026 was 51.4.
Therefore, Veeco Instruments's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 272.00.
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.
Veeco Instruments Cash Conversion Cycle Related Terms
Veeco Instruments Cash Conversion Cycle Historical Data
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The historical data trend for Veeco Instruments'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.
VECO vs IPGP, AXTI, ACLS: Cash Conversion Cycle Comparison
For the Semiconductor Equipment & Materials subindustry, Veeco Instruments'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.
Veeco Instruments Cash Conversion Cycle vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Veeco Instruments's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Veeco Instruments'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.
Veeco Instruments'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.
Veeco Instruments (VECO) has a Cash Conversion Cycle of 272.00 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Veeco Instruments and its competitors.
Is Veeco Instruments' Cash Conversion Cycle too high?
Veeco Instruments' current Cash Conversion Cycle is 272.00. The Semiconductors industry median Cash Conversion Cycle is 116.11. Veeco Instruments' value of 272.00 is 134.3% above this industry median. Overall, Veeco Instruments has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veeco Instruments' Cash Conversion Cycle compare to IPGP and AXTI?
Veeco Instruments' Cash Conversion Cycle of 272.00 can be compared against companies in the Semiconductors industry. The industry median Cash Conversion Cycle is 116.11. Veeco Instruments' value of 272.00 is 134.3% 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 116.11, based on 1,021 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. Veeco Instruments's current Cash Conversion Cycle of 272.00 is 134.3% 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 Veeco Instruments and its competitors. For the Semiconductors industry, the median Cash Conversion Cycle is 116.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeco Instruments's current Cash Conversion Cycle is 272.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veeco Instruments stock overvalued right now?
Based on GuruFocus' analysis, Veeco Instruments (VECO) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.86, compared to a current price of $71.49 — trading 139.4% above its estimated fair value. The current Cash Conversion Cycle is 272.00 and 134.3% above the Semiconductors industry median of 116.11. Veeco Instruments' overall GF Score™ is 56/100 with 9 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 Veeco Instruments (VECO), the current Cash Conversion Cycle is 272.00 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 Veeco Instruments (VECO) Overvalued in 2026?
Based on GuruFocus' analysis, Veeco Instruments stock appears to be overvalued.
The current stock price of $71.49 is trading 139.4% above its estimated GF Value™ of $29.86.
GuruFocus considers Veeco Instruments to be Significantly Overvalued.
Key valuation signals for VECO:
Cash Conversion Cycle: 272.00
GF Value™: $29.86 vs. price of $71.49 (139.4% above fair value)
Industry Position: 134.3% above the Semiconductors median
No single metric tells the full story. See the VECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for its customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The maximum of the company's revenue is generated from sales to the Semiconductor Industry and within China.
56GF Score
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