Tanabe Engineering (TSE:1828) Cash Conversion Cycle: 123.67 (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.

TSE:1828 Tanabe Engineering Corp TSE:1828
70 GF Score
Price 円2,351.00
GF Value 円1,834.10
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Tanabe Engineering Cash Conversion Cycle?

Tanabe Engineering TSE:1828 -0.55% 70 Cash Conversion Cycle is 123.67 as of Mar. 2026. GuruFocus rates TSE:1828 with a GF Score™ of 70/100 and a GF Value™ of 円1,834.10 (Modestly Overvalued). The stock has 1 warning sign investors should review.

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

Tanabe Engineering's Days Sales Outstanding for the six months ended in Mar. 2026 was 155.99.
Tanabe Engineering's Days Inventory for the six months ended in Mar. 2026 was 3.06.
Tanabe Engineering's Days Payable for the six months ended in Mar. 2026 was 35.38.
Therefore, Tanabe Engineering's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 123.67.


Tanabe Engineering  (TSE:1828) 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.


Tanabe Engineering Cash Conversion Cycle Related Terms


Tanabe Engineering Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Tanabe Engineering'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.

Tanabe Engineering Cash Conversion Cycle Chart

Tanabe Engineering Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.50 111.17 136.08 146.85 124.64

Tanabe Engineering Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 150.13 174.85 141.74 126.16 123.67

TSE:1828 vs PWR, FIX, EME: Cash Conversion Cycle Comparison

For the Engineering & Construction subindustry, Tanabe Engineering'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.


Tanabe Engineering Cash Conversion Cycle vs Construction Industry

For the Construction industry and Industrials sector, Tanabe Engineering's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Tanabe Engineering's Cash Conversion Cycle falls into.


TSE:1828
70GF Score
Tanabe Engineering Corp TSE:1828
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tanabe Engineering 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.

Tanabe Engineering's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=159.86+3.02-38.24
=124.64

Tanabe Engineering'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
=155.99+3.06-35.38
=123.67

* 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 123.67 mean?
Tanabe Engineering (TSE:1828) has a Cash Conversion Cycle of 123.67 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Tanabe Engineering and its competitors.
Is Tanabe Engineering's Cash Conversion Cycle too high?
Tanabe Engineering's current Cash Conversion Cycle is 123.67. The Construction industry median Cash Conversion Cycle is 55.82. Tanabe Engineering's value of 123.67 is 121.6% above this industry median. Overall, Tanabe Engineering has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tanabe Engineering's Cash Conversion Cycle compare to PWR and FIX?
Tanabe Engineering's Cash Conversion Cycle of 123.67 can be compared against companies in the Construction industry. The industry median Cash Conversion Cycle is 55.82. Tanabe Engineering's value of 123.67 is 121.6% 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 Construction company?
The median Cash Conversion Cycle among Construction companies is 55.82, based on 1,768 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. Tanabe Engineering's current Cash Conversion Cycle of 123.67 is 121.6% 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 Tanabe Engineering and its competitors. For the Construction industry, the median Cash Conversion Cycle is 55.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanabe Engineering's current Cash Conversion Cycle is 123.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanabe Engineering stock overvalued right now?
Based on GuruFocus' analysis, Tanabe Engineering (TSE:1828) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,834.10, compared to a current price of 円2,351.00 — trading 28.2% above its estimated fair value. The current Cash Conversion Cycle is 123.67 and 121.6% above the Construction industry median of 55.82. Tanabe Engineering's overall GF Score™ is 70/100 with 1 warning sign 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 Tanabe Engineering (TSE:1828), the current Cash Conversion Cycle is 123.67 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 Tanabe Engineering (TSE:1828) Overvalued in 2026?

Based on GuruFocus' analysis, Tanabe Engineering stock appears to be overvalued. The current stock price of 円2,351.00 is trading 28.2% above its estimated GF Value™ of 円1,834.10. GuruFocus considers Tanabe Engineering to be Modestly Overvalued.

Key valuation signals for TSE:1828:

  • Cash Conversion Cycle: 123.67
  • GF Value™: 円1,834.10 vs. price of 円2,351.00 (28.2% above fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 121.6% above the Construction median

No single metric tells the full story. See the TSE:1828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tanabe Engineering Business Description

Address 20, Fukuda, Zyouetsu, JPN, 942-0032
Tanabe Engineering Corp is mainly engaged in the facility construction works. It constructs plant facilities for electronic materials, food and drug metals and constructs public environmental facilities.
70GF Score

Get the complete analysis for TSE:1828

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

円2,351.00
Price
円1,834.10
GF Value