CRI Middleware Co's Days Sales Outstanding for the
six
months ended in Mar. 2026 was 77.5.
CRI Middleware Co's Days Inventory for the
six
months ended in Mar. 2026 was 4.55.
CRI Middleware Co's Days Payable for the
six
months ended in Mar. 2026 was 9.4.
Therefore, CRI Middleware Co's Cash Conversion Cycle (CCC) for the
six
months ended in Mar. 2026 was 72.65.
CRI Middleware Co (TSE:3698) 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.
CRI Middleware Co Cash Conversion Cycle Related Terms
CRI Middleware Co Cash Conversion Cycle Historical Data
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The historical data trend for CRI Middleware Co'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.
TSE:3698 vs NTES, EA, TTWO: Cash Conversion Cycle Comparison
For the Electronic Gaming & Multimedia subindustry, CRI Middleware 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.
CRI Middleware Co Cash Conversion Cycle vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where CRI Middleware Co's Cash Conversion Cycle falls into.
CRI Middleware 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.
CRI Middleware Co'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.
CRI Middleware Co (TSE:3698) has a Cash Conversion Cycle of 72.65 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on CRI Middleware Co and its competitors.
Is CRI Middleware Co's Cash Conversion Cycle too high?
CRI Middleware Co's current Cash Conversion Cycle is 72.65. The Interactive Media industry median Cash Conversion Cycle is 18.09. CRI Middleware Co's value of 72.65 is 301.6% above this industry median. Overall, CRI Middleware Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's Cash Conversion Cycle compare to NTES and EA?
CRI Middleware Co's Cash Conversion Cycle of 72.65 can be compared against companies in the Interactive Media industry. The industry median Cash Conversion Cycle is 18.09. CRI Middleware Co's value of 72.65 is 301.6% 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 an Interactive Media company?
The median Cash Conversion Cycle among Interactive Media companies is 18.09, based on 547 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. CRI Middleware Co's current Cash Conversion Cycle of 72.65 is 301.6% 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 CRI Middleware Co and its competitors. For the Interactive Media industry, the median Cash Conversion Cycle is 18.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Cash Conversion Cycle is 72.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRI Middleware Co stock overvalued right now?
Based on GuruFocus' analysis, CRI Middleware Co (TSE:3698) is currently considered Fairly Valued. The stock's GF Value™ is 円1,145.47, compared to a current price of 円1,202.00 — trading 4.9% above its estimated fair value. The current Cash Conversion Cycle is 72.65 and 301.6% above the Interactive Media industry median of 18.09. CRI Middleware Co's overall GF Score™ is 88/100 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 CRI Middleware Co (TSE:3698), the current Cash Conversion Cycle is 72.65 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 CRI Middleware Co (TSE:3698) Overvalued in 2026?
Based on GuruFocus' analysis, CRI Middleware Co stock appears to be overvalued.
The current stock price of 円1,202.00 is trading 4.9% above its estimated GF Value™ of 円1,145.47.
GuruFocus considers CRI Middleware Co to be Fairly Valued.
Key valuation signals for TSE:3698:
Cash Conversion Cycle: 72.65
GF Value™: 円1,145.47 vs. price of 円1,202.00 (4.9% above fair value)
Industry Position: 301.6% above the Interactive Media median
No single metric tells the full story. See the TSE:3698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.
88GF Score
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