Imperial Brands's Days Sales Outstanding for the
six
months ended in Mar. 2026 was 33.33.
Imperial Brands's Days Inventory for the
six
months ended in Mar. 2026 was 71.39.
Imperial Brands's Days Payable for the
six
months ended in Mar. 2026 was 85.35.
Therefore, Imperial Brands's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2026 was 19.37.
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.
Imperial Brands Cash Conversion Cycle Related Terms
Imperial Brands Cash Conversion Cycle Historical Data
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The historical data trend for Imperial Brands'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.
STU:ITBA vs PM, MO, TPB: Cash Conversion Cycle Comparison
For the Tobacco subindustry, Imperial Brands'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.
Imperial Brands Cash Conversion Cycle vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Imperial Brands's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Imperial Brands'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.
Imperial Brands's Cash Conversion Cycle for the fiscal year that ended in Sep. 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.
Imperial Brands (STU:ITBA) has a Cash Conversion Cycle of 19.37 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Imperial Brands and its competitors.
Is Imperial Brands' Cash Conversion Cycle too high?
Imperial Brands' current Cash Conversion Cycle is 19.37. The Tobacco Products industry median Cash Conversion Cycle is 100.85. Imperial Brands' value of 19.37 is 80.8% below this industry median. Overall, Imperial Brands has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Brands' Cash Conversion Cycle compare to PM and MO?
Imperial Brands' Cash Conversion Cycle of 19.37 can be compared against companies in the Tobacco Products industry. The industry median Cash Conversion Cycle is 100.85. Imperial Brands' value of 19.37 is 80.8% below 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. Imperial Brands's current Cash Conversion Cycle of 19.37 is 80.8% below 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 Imperial Brands 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. Imperial Brands's current Cash Conversion Cycle is 19.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Brands stock overvalued right now?
Imperial Brands (STU:ITBA) has a current Cash Conversion Cycle of 19.37. The stock's GF Value™ is €20.06, compared to a current price of €32.40 — trading 61.5% above its estimated fair value. The current Cash Conversion Cycle is 19.37 and 80.8% below the Tobacco Products industry median of 100.85. Imperial Brands' overall GF Score™ is 72/100 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 Imperial Brands (STU:ITBA), the current Cash Conversion Cycle is 19.37 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 Imperial Brands (STU:ITBA) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Brands stock appears to be overvalued.
The current stock price of €32.40 is trading 61.5% above its estimated GF Value™ of €20.06.
Key valuation signals for STU:ITBA:
Cash Conversion Cycle: 19.37
GF Value™: €20.06 vs. price of €32.40 (61.5% above fair value)
Industry Position: 80.8% below the Tobacco Products median
No single metric tells the full story. See the STU:ITBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco), with total fiscal 2025 volume of 187 billion cigarettes sold in more than 120 countries. Its largest and most important markets are the US (where it sits as the third-largest manufacturer, following its acquisition of the Winston and Blu brands), Germany, the UK, Spain, and Australia. The firm also holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. It has a logistics platform in Western Europe, Altadis.
72GF Score
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Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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