Morinaga Milk Industry Co's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 54.61.
Morinaga Milk Industry Co's Days Inventory for the
three
months ended in Mar. 2026 was 80.33.
Morinaga Milk Industry Co's Days Payable for the
three
months ended in Mar. 2026 was 51.31.
Therefore, Morinaga Milk Industry Co's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 83.63.
Morinaga Milk Industry Co (TSE:2264) 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.
Morinaga Milk Industry Co Cash Conversion Cycle Related Terms
Morinaga Milk Industry Co 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.
Morinaga Milk Industry Co Cash Conversion Cycle Chart
TSE:2264 vs KHC, GIS: Cash Conversion Cycle Comparison
For the Packaged Foods subindustry, Morinaga Milk Industry Co'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.
Morinaga Milk Industry Co Cash Conversion Cycle vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Morinaga Milk Industry Co's Cash Conversion Cycle falls into.
Morinaga Milk Industry Co 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.
Morinaga Milk Industry Co's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 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.
Morinaga Milk Industry Co (TSE:2264) has a Cash Conversion Cycle of 83.63 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Morinaga Milk Industry Co and its competitors.
Is Morinaga Milk Industry Co's Cash Conversion Cycle too high?
Morinaga Milk Industry Co's current Cash Conversion Cycle is 83.63. The Consumer Packaged Goods industry median Cash Conversion Cycle is 75.54. Morinaga Milk Industry Co's value of 83.63 is 10.7% above this industry median. Overall, Morinaga Milk Industry Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's Cash Conversion Cycle compare to KHC and GIS?
Morinaga Milk Industry Co's Cash Conversion Cycle of 83.63 can be compared against companies in the Consumer Packaged Goods industry. The industry median Cash Conversion Cycle is 75.54. Morinaga Milk Industry Co's value of 83.63 is 10.7% 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 Consumer Packaged Goods company?
The median Cash Conversion Cycle among Consumer Packaged Goods companies is 75.54, based on 1,942 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. Morinaga Milk Industry Co's current Cash Conversion Cycle of 83.63 is 10.7% 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 Morinaga Milk Industry Co and its competitors. For the Consumer Packaged Goods industry, the median Cash Conversion Cycle is 75.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga Milk Industry Co's current Cash Conversion Cycle is 83.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (TSE:2264) is currently considered Significantly Overvalued. The stock's GF Value™ is 円885.96, compared to a current price of 円1,298.50 — trading 46.6% above its estimated fair value. The current Cash Conversion Cycle is 83.63 and 10.7% above the Consumer Packaged Goods industry median of 75.54. Morinaga Milk Industry Co's overall GF Score™ is 66/100 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 Morinaga Milk Industry Co (TSE:2264), the current Cash Conversion Cycle is 83.63 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 Morinaga Milk Industry Co (TSE:2264) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued.
The current stock price of 円1,298.50 is trading 46.6% above its estimated GF Value™ of 円885.96.
GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.
Key valuation signals for TSE:2264:
Cash Conversion Cycle: 83.63
GF Value™: 円885.96 vs. price of 円1,298.50 (46.6% above fair value)
Industry Position: 10.7% above the Consumer Packaged Goods median
No single metric tells the full story. See the TSE:2264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
66GF Score
Get the complete analysis for TSE:2264
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2264 has been successfully added to your 
