ZTO Express (Cayman)'s Days Sales Outstanding for the
three
months ended in Mar. 2026 was 12.76.
ZTO Express (Cayman)'s Days Inventory for the
three
months ended in Mar. 2026 was 0.36.
ZTO Express (Cayman)'s Days Payable for the
three
months ended in Mar. 2026 was 22.43.
Therefore, ZTO Express (Cayman)'s Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was -9.31.
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.
ZTO Express (Cayman) Cash Conversion Cycle Related Terms
ZTO Express (Cayman) Cash Conversion Cycle Historical Data
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The historical data trend for ZTO Express (Cayman)'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.
MEX:ZTO N vs EXPD, CHRW, FDXF: Cash Conversion Cycle Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.
ZTO Express (Cayman) Cash Conversion Cycle vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'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.
ZTO Express (Cayman)'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.
ZTO Express (Cayman) (MEX:ZTO N) has a Cash Conversion Cycle of -9.31 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on ZTO Express (Cayman) and its competitors.
Is ZTO Express (Cayman)'s Cash Conversion Cycle too high?
ZTO Express (Cayman)'s current Cash Conversion Cycle is -9.31. Overall, ZTO Express (Cayman) has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Cash Conversion Cycle compare to EXPD and CHRW?
ZTO Express (Cayman)'s Cash Conversion Cycle of -9.31 can be compared against companies in the Transportation industry. The industry median Cash Conversion Cycle is 20.28. 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 Transportation company?
The median Cash Conversion Cycle among Transportation companies is 20.28, based on 999 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. 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 ZTO Express (Cayman) and its competitors. For the Transportation industry, the median Cash Conversion Cycle is 20.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current Cash Conversion Cycle is -9.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
ZTO Express (Cayman) (MEX:ZTO N) has a current Cash Conversion Cycle of -9.31. The stock's GF Value™ is MXN526.80, compared to a current price of MXN426.00 — trading 19.1% below its estimated fair value. The current Cash Conversion Cycle is -9.31. ZTO Express (Cayman)'s overall GF Score™ is 84/100. 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 ZTO Express (Cayman) (MEX:ZTO N), the current Cash Conversion Cycle is -9.31 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 ZTO Express (Cayman) (MEX:ZTO N) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of MXN426.00 is trading 19.1% below its estimated GF Value™ of MXN526.80.
Key valuation signals for MEX:ZTO N:
Cash Conversion Cycle: -9.31
GF Value™: MXN526.80 vs. price of MXN426.00 (19.1% below fair value)
No single metric tells the full story. See the MEX:ZTO N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
84GF Score
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