Kewpie (TSE:2809) Cash Conversion Cycle: 51.62 (As of May. 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:2809 Kewpie Corp TSE:2809
82 GF Score
Price 円4,470.00
GF Value 円3,749.81
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Kewpie Cash Conversion Cycle?

Kewpie TSE:2809 +2.05% 82 Cash Conversion Cycle is 51.62 as of May. 2026. GuruFocus rates TSE:2809 with a GF Score™ of 82/100 and a GF Value™ of 円3,749.81 (Modestly Overvalued). The stock has 4 warning signs investors should review.

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

Kewpie's Days Sales Outstanding for the three months ended in May. 2026 was 48.83.
Kewpie's Days Inventory for the three months ended in May. 2026 was 44.3.
Kewpie's Days Payable for the three months ended in May. 2026 was 41.51.
Therefore, Kewpie's Cash Conversion Cycle (CCC) for the three months ended in May. 2026 was 51.62.


Kewpie  (TSE:2809) 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.


Kewpie Cash Conversion Cycle Related Terms


Kewpie Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Kewpie'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.

Kewpie Cash Conversion Cycle Chart

Kewpie Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.48 52.94 57.71 54.47 48.54

Kewpie Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 49.47 48.27 49.24 53.22 51.62

TSE:2809 vs KHC, GIS: Cash Conversion Cycle Comparison

For the Packaged Foods subindustry, Kewpie'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.


Kewpie Cash Conversion Cycle vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kewpie's Cash Conversion Cycle distribution charts can be found below:

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


TSE:2809
82GF Score
Kewpie Corp TSE:2809
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kewpie 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.

Kewpie's Cash Conversion Cycle for the fiscal year that ended in Nov. 2025 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=52.22+41.35-45.03
=48.54

Kewpie's Cash Conversion Cycle for the quarter that ended in May. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=48.83+44.3-41.51
=51.62

* 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 51.62 mean?
Kewpie (TSE:2809) has a Cash Conversion Cycle of 51.62 as of May. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Kewpie and its competitors.
Is Kewpie's Cash Conversion Cycle too high?
Kewpie's current Cash Conversion Cycle is 51.62. The Consumer Packaged Goods industry median Cash Conversion Cycle is 75.52. Kewpie's value of 51.62 is 31.6% below this industry median. Overall, Kewpie has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kewpie's Cash Conversion Cycle compare to KHC and GIS?
Kewpie's Cash Conversion Cycle of 51.62 can be compared against companies in the Consumer Packaged Goods industry. The industry median Cash Conversion Cycle is 75.52. Kewpie's value of 51.62 is 31.6% 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 Consumer Packaged Goods company?
The median Cash Conversion Cycle among Consumer Packaged Goods companies is 75.52, based on 1,949 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. Kewpie's current Cash Conversion Cycle of 51.62 is 31.6% 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 Kewpie and its competitors. For the Consumer Packaged Goods industry, the median Cash Conversion Cycle is 75.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kewpie's current Cash Conversion Cycle is 51.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kewpie stock overvalued right now?
Based on GuruFocus' analysis, Kewpie (TSE:2809) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,749.81, compared to a current price of 円4,470.00 — trading 19.2% above its estimated fair value. The current Cash Conversion Cycle is 51.62 and 31.6% below the Consumer Packaged Goods industry median of 75.52. Kewpie's overall GF Score™ is 82/100 with 4 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 Kewpie (TSE:2809), the current Cash Conversion Cycle is 51.62 as of May. 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 Kewpie (TSE:2809) Overvalued in 2026?

Based on GuruFocus' analysis, Kewpie stock appears to be overvalued. The current stock price of 円4,470.00 is trading 19.2% above its estimated GF Value™ of 円3,749.81. GuruFocus considers Kewpie to be Modestly Overvalued.

Key valuation signals for TSE:2809:

  • Cash Conversion Cycle: 51.62
  • GF Value™: 円3,749.81 vs. price of 円4,470.00 (19.2% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 31.6% below the Consumer Packaged Goods median

No single metric tells the full story. See the TSE:2809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kewpie Business Description

Other Exchanges QPJ:Germany
Address 1-4-13 Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002
Kewpie Corp is a Japanese packaged-food company. The company operates through six segments. The Common segment handles shared operations such as food manufacturing machinery and general food products. The Fine Chemicals segment produces ingredients like hyaluronic acid and egg yolk lecithin for pharmaceuticals, cosmetics, and food applications. The For Business Use and For Commercial Use segments manufacture and sell mayonnaise, dressings, pasta sauces, egg products, and salads for household and institutional markets. The Fruit Solutions segment offers jams and processed fruit products for home and industrial use, while the Overseas segment manufactures and sells food products such as mayonnaise and dressings in markets across Asia, North America, and other regions.
82GF Score

Get the complete analysis for TSE:2809

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

円4,470.00
Price
円3,749.81
GF Value