Plug Power's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 66.84.
Plug Power's Days Inventory for the
three
months ended in Mar. 2026 was 253.98.
Plug Power's Days Payable for the
three
months ended in Mar. 2026 was 86.18.
Therefore, Plug Power's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 234.64.
Plug Power (WBO:PLUG) 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.
Plug Power Cash Conversion Cycle Related Terms
Plug Power Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Plug Power'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.
WBO:PLUG vs HAYW, ATKR, TE: Cash Conversion Cycle Comparison
For the Electrical Equipment & Parts subindustry, Plug Power'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.
Plug Power Cash Conversion Cycle vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Plug Power's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Plug Power'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.
Plug Power'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.
Plug Power (WBO:PLUG) has a Cash Conversion Cycle of 234.64 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Plug Power and its competitors.
Is Plug Power's Cash Conversion Cycle too high?
Plug Power's current Cash Conversion Cycle is 234.64. The Industrial Products industry median Cash Conversion Cycle is 122.34. Plug Power's value of 234.64 is 91.8% above this industry median. Overall, Plug Power has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Cash Conversion Cycle compare to HAYW and ATKR?
Plug Power's Cash Conversion Cycle of 234.64 can be compared against companies in the Industrial Products industry. The industry median Cash Conversion Cycle is 122.34. Plug Power's value of 234.64 is 91.8% 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 an Industrial Products company?
The median Cash Conversion Cycle among Industrial Products companies is 122.34, based on 3,033 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. Plug Power's current Cash Conversion Cycle of 234.64 is 91.8% 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 Plug Power and its competitors. For the Industrial Products industry, the median Cash Conversion Cycle is 122.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plug Power's current Cash Conversion Cycle is 234.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Based on GuruFocus' analysis, Plug Power (WBO:PLUG) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.29, compared to a current price of €2.23 — trading 73% above its estimated fair value. The current Cash Conversion Cycle is 234.64 and 91.8% above the Industrial Products industry median of 122.34. Plug Power's overall GF Score™ is 34/100 with 6 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 Plug Power (WBO:PLUG), the current Cash Conversion Cycle is 234.64 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 Plug Power (WBO:PLUG) Overvalued in 2026?
Based on GuruFocus' analysis, Plug Power stock appears to be overvalued.
The current stock price of €2.23 is trading 73% above its estimated GF Value™ of €1.29.
GuruFocus considers Plug Power to be Significantly Overvalued.
Key valuation signals for WBO:PLUG:
Cash Conversion Cycle: 234.64
GF Value™: €1.29 vs. price of €2.23 (73% above fair value)
Industry Position: 91.8% above the Industrial Products median
No single metric tells the full story. See the WBO:PLUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
34GF Score
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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