Philip Morris International's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 43.55.
Philip Morris International's Days Inventory for the
three
months ended in Mar. 2026 was 321.71.
Philip Morris International's Days Payable for the
three
months ended in Mar. 2026 was 117.23.
Therefore, Philip Morris International's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 248.03.
Philip Morris International (MEX:PM) 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.
Philip Morris International Cash Conversion Cycle Related Terms
Philip Morris International Cash Conversion Cycle Historical Data
* 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.
Philip Morris International Cash Conversion Cycle Chart
MEX:PM vs MO, TPB, UVV: Cash Conversion Cycle Comparison
For the Tobacco subindustry, Philip Morris International'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.
Philip Morris International Cash Conversion Cycle vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Philip Morris International's Cash Conversion Cycle falls into.
Philip Morris International 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.
Philip Morris International'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.
Philip Morris International (MEX:PM) has a Cash Conversion Cycle of 248.03 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Philip Morris International and its competitors.
Is Philip Morris International's Cash Conversion Cycle too high?
Philip Morris International's current Cash Conversion Cycle is 248.03. The Tobacco Products industry median Cash Conversion Cycle is 100.85. Philip Morris International's value of 248.03 is 145.9% above this industry median. Overall, Philip Morris International has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Cash Conversion Cycle compare to MO and TPB?
Philip Morris International's Cash Conversion Cycle of 248.03 can be compared against companies in the Tobacco Products industry. The industry median Cash Conversion Cycle is 100.85. Philip Morris International's value of 248.03 is 145.9% 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 Tobacco Products company?
The median Cash Conversion Cycle among Tobacco Products companies is 100.85, based on 48 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. Philip Morris International's current Cash Conversion Cycle of 248.03 is 145.9% 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 Philip Morris International and its competitors. For the Tobacco Products industry, the median Cash Conversion Cycle is 100.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current Cash Conversion Cycle is 248.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philip Morris International stock overvalued right now?
Based on GuruFocus' analysis, Philip Morris International (MEX:PM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,470.14, compared to a current price of MXN3,123.00 — trading 26.4% above its estimated fair value. The current Cash Conversion Cycle is 248.03 and 145.9% above the Tobacco Products industry median of 100.85. Philip Morris International's overall GF Score™ is 76/100 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 Philip Morris International (MEX:PM), the current Cash Conversion Cycle is 248.03 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 Philip Morris International (MEX:PM) Overvalued in 2026?
Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued.
The current stock price of MXN3,123.00 is trading 26.4% above its estimated GF Value™ of MXN2,470.14.
GuruFocus considers Philip Morris International to be Modestly Overvalued.
Key valuation signals for MEX:PM:
Cash Conversion Cycle: 248.03
GF Value™: MXN2,470.14 vs. price of MXN3,123.00 (26.4% above fair value)
Industry Position: 145.9% above the Tobacco Products median
No single metric tells the full story. See the MEX:PM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.
76GF Score
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