Tandy Leather Factory (FRA:V5D) Cash Conversion Cycle: 365.26 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:V5D Tandy Leather Factory Inc FRA:V5D
47 GF Score
Price €1.99
GF Value €3.49
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Tandy Leather Factory Cash Conversion Cycle?

Tandy Leather Factory FRA:V5D 47 Cash Conversion Cycle is 365.26 as of Mar. 2026. GuruFocus rates FRA:V5D with a GF Score™ of 47/100 and a GF Value™ of €3.49 (Significantly Undervalued). The stock has 2 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.

Tandy Leather Factory's Days Sales Outstanding for the three months ended in Mar. 2026 was 1.7.
Tandy Leather Factory's Days Inventory for the three months ended in Mar. 2026 was 396.22.
Tandy Leather Factory's Days Payable for the three months ended in Mar. 2026 was 32.66.
Therefore, Tandy Leather Factory's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 365.26.


Tandy Leather Factory  (FRA:V5D) 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.


Tandy Leather Factory Cash Conversion Cycle Related Terms


Tandy Leather Factory Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Tandy Leather Factory'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.

Tandy Leather Factory Cash Conversion Cycle Chart

Tandy Leather Factory Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 313.96 357.74 420.64 371.75 374.37

Tandy Leather Factory Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 353.24 424.28 436.36 289.50 365.26

FRA:V5D vs RECT, BWTL, AETN: Cash Conversion Cycle Comparison

For the Specialty Retail subindustry, Tandy Leather Factory'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.


Tandy Leather Factory Cash Conversion Cycle vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Tandy Leather Factory's Cash Conversion Cycle falls into.


FRA:V5D
47GF Score
Tandy Leather Factory Inc FRA:V5D
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandy Leather Factory 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.

Tandy Leather Factory's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=1.9+406.34-33.87
=374.37

Tandy Leather Factory's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=1.7+396.22-32.66
=365.26

* 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 365.26 mean?
Tandy Leather Factory (FRA:V5D) has a Cash Conversion Cycle of 365.26 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Tandy Leather Factory and its competitors.
Is Tandy Leather Factory's Cash Conversion Cycle too high?
Tandy Leather Factory's current Cash Conversion Cycle is 365.26. The Retail - Cyclical industry median Cash Conversion Cycle is 68.56. Tandy Leather Factory's value of 365.26 is 432.8% above this industry median. Overall, Tandy Leather Factory has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tandy Leather Factory's Cash Conversion Cycle compare to RECT and BWTL?
Tandy Leather Factory's Cash Conversion Cycle of 365.26 can be compared against companies in the Retail - Cyclical industry. The industry median Cash Conversion Cycle is 68.56. Tandy Leather Factory's value of 365.26 is 432.8% 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 a Retail - Cyclical company?
The median Cash Conversion Cycle among Retail - Cyclical companies is 68.56, based on 1,131 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. Tandy Leather Factory's current Cash Conversion Cycle of 365.26 is 432.8% 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 Tandy Leather Factory and its competitors. For the Retail - Cyclical industry, the median Cash Conversion Cycle is 68.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandy Leather Factory's current Cash Conversion Cycle is 365.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandy Leather Factory stock overvalued right now?
Based on GuruFocus' analysis, Tandy Leather Factory (FRA:V5D) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.49, compared to a current price of €1.99 — trading 43% below its estimated fair value. The current Cash Conversion Cycle is 365.26 and 432.8% above the Retail - Cyclical industry median of 68.56. Tandy Leather Factory's overall GF Score™ is 47/100 with 2 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 Tandy Leather Factory (FRA:V5D), the current Cash Conversion Cycle is 365.26 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 Tandy Leather Factory (FRA:V5D) Overvalued in 2026?

Based on GuruFocus' analysis, Tandy Leather Factory stock appears to be undervalued. The current stock price of €1.99 is trading 43% below its estimated GF Value™ of €3.49. GuruFocus considers Tandy Leather Factory to be Significantly Undervalued.

Key valuation signals for FRA:V5D:

  • Cash Conversion Cycle: 365.26
  • GF Value™: €3.49 vs. price of €1.99 (43% below fair value)
  • GF Score™: 47/100 with 2 warning signs
  • Industry Position: 432.8% above the Retail - Cyclical median

No single metric tells the full story. See the FRA:V5D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tandy Leather Factory Business Description

Other Exchanges TLF:USA
Address 7602 SouthWest Loop 820, Suite 101, Fort Worth, TX, USA, 76140
Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. The company sells its products primarily through company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. Geographically the company operates within the United States, and Canada. it generates the highest revenue from the United States.
47GF Score

Get the complete analysis for FRA:V5D

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

€1.99
Price
€3.49
GF Value