Ingles Markets (FRA:IN3A) Cash Conversion Cycle: 32.64 (As of Jun. 2026)

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FRA:IN3A Ingles Markets Inc FRA:IN3A
74 GF Score
Price €76.00
GF Value €61.26
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Ingles Markets Cash Conversion Cycle?

Ingles Markets FRA:IN3A +0.66% 74 Cash Conversion Cycle is 32.64 as of Jun. 2026. GuruFocus rates FRA:IN3A with a GF Score™ of 74/100 and a GF Value™ of €61.26 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Ingles Markets's Days Sales Outstanding for the three months ended in Jun. 2026 was 6.79.
Ingles Markets's Days Inventory for the three months ended in Jun. 2026 was 42.17.
Ingles Markets's Days Payable for the three months ended in Jun. 2026 was 16.32.
Therefore, Ingles Markets's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2026 was 32.64.


Ingles Markets  (FRA:IN3A) 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.


Ingles Markets Cash Conversion Cycle Related Terms


Ingles Markets Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Ingles Markets'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.

Ingles Markets Cash Conversion Cycle Chart

Ingles Markets Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.43 23.38 29.08 29.92 32.67

Ingles Markets Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.31 33.80 34.35 35.63 32.64

FRA:IN3A vs WMK, GO, NGVC: Cash Conversion Cycle Comparison

For the Grocery Stores subindustry, Ingles Markets'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.


Ingles Markets Cash Conversion Cycle vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Ingles Markets's Cash Conversion Cycle falls into.


FRA:IN3A
74GF Score
Ingles Markets Inc FRA:IN3A
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Ingles Markets Cash Conversion Cycle Calculation

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.

Ingles Markets's Cash Conversion Cycle for the fiscal year that ended in Sep. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=6.47+43.68-17.48
=32.67

Ingles Markets's Cash Conversion Cycle for the quarter that ended in Jun. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=6.79+42.17-16.32
=32.64

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 32.64 mean?
Ingles Markets (FRA:IN3A) has a Cash Conversion Cycle of 32.64 as of Jun. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Ingles Markets and its competitors.
Is Ingles Markets' Cash Conversion Cycle too high?
Ingles Markets' current Cash Conversion Cycle is 32.64. The Retail - Defensive industry median Cash Conversion Cycle is 18.52. Ingles Markets' value of 32.64 is 76.2% above this industry median. Overall, Ingles Markets has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ingles Markets' Cash Conversion Cycle compare to WMK and GO?
Ingles Markets' Cash Conversion Cycle of 32.64 can be compared against companies in the Retail - Defensive industry. The industry median Cash Conversion Cycle is 18.52. Ingles Markets' value of 32.64 is 76.2% 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 Retail - Defensive company?
The median Cash Conversion Cycle among Retail - Defensive companies is 18.52, based on 308 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. Ingles Markets's current Cash Conversion Cycle of 32.64 is 76.2% 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 Ingles Markets and its competitors. For the Retail - Defensive industry, the median Cash Conversion Cycle is 18.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingles Markets's current Cash Conversion Cycle is 32.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingles Markets stock overvalued right now?
Based on GuruFocus' analysis, Ingles Markets (FRA:IN3A) is currently considered Modestly Overvalued. The stock's GF Value™ is €61.26, compared to a current price of €76.00 — trading 24.1% above its estimated fair value. The current Cash Conversion Cycle is 32.64 and 76.2% above the Retail - Defensive industry median of 18.52. Ingles Markets' overall GF Score™ is 74/100 with 7 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 Ingles Markets (FRA:IN3A), the current Cash Conversion Cycle is 32.64 as of Jun. 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 Ingles Markets (FRA:IN3A) Overvalued in 2026?

Based on GuruFocus' analysis, Ingles Markets stock appears to be overvalued. The current stock price of €76.00 is trading 24.1% above its estimated GF Value™ of €61.26. GuruFocus considers Ingles Markets to be Modestly Overvalued.

Key valuation signals for FRA:IN3A:

  • Cash Conversion Cycle: 32.64
  • GF Value™: €61.26 vs. price of €76.00 (24.1% above fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 76.2% above the Retail - Defensive median

No single metric tells the full story. See the FRA:IN3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ingles Markets Business Description

Other Exchanges IMKTA:USA
Address 2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
74GF Score

Get the complete analysis for FRA:IN3A

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€76.00
Price
€61.26
GF Value