An exchange of the amplitude axis for the time axis offers a possibility of overcoming resolution problems in analog-to-digital conversion in low-voltage CMOS circuits and/or of circumventing special resistor options in silicided processes. This exchange can be effected via some form of duty-cycle modulation. For its implementation a circuit configuration is described, consisting of an asynchronous sigma-delta modulator, followed by a phasesynchronized tapped ring oscillator which produces a poly-phase signal for sampling the asynchronous signal at a relatively low frequency. A detailed analysis is presented which accurately predicts the properties of the conversion scheme with respect to aliasing, quantization noise and nonlinear distortion. The results are illustrated with simulations of a design example.