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Ray's Days Sales Outstanding for the
six
months ended in Feb. 2026 was 41.7.
Ray's Days Inventory for the
six
months ended in Feb. 2026 was 30.62.
Ray's Days Payable for the
six
months ended in Feb. 2026 was 26.16.
Therefore, Ray's Cash Conversion Cycle (CCC) for the
six
months ended in Feb. 2026 was 46.16.
Ray (TSE:4317) 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.
Ray Cash Conversion Cycle Related Terms
Ray Cash Conversion Cycle Historical Data
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The historical data trend for Ray'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:4317 vs NFLX, DIS, WBD: Cash Conversion Cycle Comparison
For the Entertainment subindustry, Ray'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.
Ray Cash Conversion Cycle vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Ray's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Ray'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.
Ray's Cash Conversion Cycle for the fiscal year that ended in Feb. 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.
Ray (TSE:4317) has a Cash Conversion Cycle of 46.16 as of Feb. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Ray and its competitors.
Is Ray's Cash Conversion Cycle too high?
Ray's current Cash Conversion Cycle is 46.16. The Media - Diversified industry median Cash Conversion Cycle is 19.49. Ray's value of 46.16 is 136.9% above this industry median. Overall, Ray has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ray's Cash Conversion Cycle compare to NFLX and DIS?
Ray's Cash Conversion Cycle of 46.16 can be compared against companies in the Media - Diversified industry. The industry median Cash Conversion Cycle is 19.49. Ray's value of 46.16 is 136.9% 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 Media - Diversified company?
The median Cash Conversion Cycle among Media - Diversified companies is 19.49, based on 1,008 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. Ray's current Cash Conversion Cycle of 46.16 is 136.9% 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 Ray and its competitors. For the Media - Diversified industry, the median Cash Conversion Cycle is 19.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current Cash Conversion Cycle is 46.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Modestly Undervalued. The stock's GF Value™ is 円565.59, compared to a current price of 円493.00 — trading 12.8% below its estimated fair value. The current Cash Conversion Cycle is 46.16 and 136.9% above the Media - Diversified industry median of 19.49. Ray's overall GF Score™ is 79/100. 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 Ray (TSE:4317), the current Cash Conversion Cycle is 46.16 as of Feb. 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 Ray (TSE:4317) Overvalued in 2026?
Based on GuruFocus' analysis, Ray stock appears to be undervalued.
The current stock price of 円493.00 is trading 12.8% below its estimated GF Value™ of 円565.59.
GuruFocus considers Ray to be Modestly Undervalued.
Key valuation signals for TSE:4317:
Cash Conversion Cycle: 46.16
GF Value™: 円565.59 vs. price of 円493.00 (12.8% below fair value)
Industry Position: 136.9% above the Media - Diversified median
No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
79GF 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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