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Shining Tools's Days Sales Outstanding for the
six
months ended in Mar. 2026 was 118.26.
Shining Tools's Days Inventory for the
six
months ended in Mar. 2026 was 209.4.
Shining Tools's Days Payable for the
six
months ended in Mar. 2026 was 62.65.
Therefore, Shining Tools's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2026 was 265.01.
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.
Shining Tools Cash Conversion Cycle Related Terms
Shining Tools Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Shining Tools'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.
Shining Tools Cash Conversion Cycle Chart
Shining Tools Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Cash Conversion Cycle
126.41
139.51
199.39
265.01
Shining Tools Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Cash Conversion Cycle
126.41
139.51
199.39
265.01
BOM:544607 vs SNA, RBC, SWK: Cash Conversion Cycle Comparison
For the Tools & Accessories subindustry, Shining Tools'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.
Shining Tools Cash Conversion Cycle vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shining Tools's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Shining Tools'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.
Shining Tools's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 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.
Shining Tools (BOM:544607) has a Cash Conversion Cycle of 265.01 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Shining Tools and its competitors.
Is Shining Tools' Cash Conversion Cycle too high?
Shining Tools' current Cash Conversion Cycle is 265.01. The Industrial Products industry median Cash Conversion Cycle is 121.65. Shining Tools' value of 265.01 is 117.8% above this industry median. Overall, Shining Tools has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shining Tools' Cash Conversion Cycle compare to SNA and RBC?
Shining Tools' Cash Conversion Cycle of 265.01 can be compared against companies in the Industrial Products industry. The industry median Cash Conversion Cycle is 121.65. Shining Tools' value of 265.01 is 117.8% 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 121.65, based on 3,039 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. Shining Tools's current Cash Conversion Cycle of 265.01 is 117.8% 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 Shining Tools and its competitors. For the Industrial Products industry, the median Cash Conversion Cycle is 121.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shining Tools's current Cash Conversion Cycle is 265.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shining Tools stock overvalued right now?
Shining Tools (BOM:544607) has a current Cash Conversion Cycle of 265.01. The current Cash Conversion Cycle is 265.01 and 117.8% above the Industrial Products industry median of 121.65. Shining Tools' overall GF Score™ is 20/100 with 3 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 Shining Tools (BOM:544607), the current Cash Conversion Cycle is 265.01 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.
Shining Tools Ltd is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, the company provides reconditioning services for used tools, ensuring their extended usability and performance. It is engaged in producing a wide range of high-performance cutting tools, including end mills, thread mills, drills, and reamers, offering tooling solutions for modern manufacturing needs. The company derives the majority of its revenue from the manufacturing of customized tools.
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