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Tokyo Individualized Educational Institute (TSE:4745) Cash Conversion Cycle : 4.97 (As of Feb. 2024)


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What is Tokyo Individualized Educational Institute Cash Conversion Cycle?

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

Tokyo Individualized Educational Institute's Days Sales Outstanding for the three months ended in Feb. 2024 was 4.52.
Tokyo Individualized Educational Institute's Days Inventory for the three months ended in Feb. 2024 was 0.79.
Tokyo Individualized Educational Institute's Days Payable for the three months ended in Feb. 2024 was 0.34.
Therefore, Tokyo Individualized Educational Institute's Cash Conversion Cycle (CCC) for the three months ended in Feb. 2024 was 4.97.


Tokyo Individualized Educational Institute Cash Conversion Cycle Historical Data

The historical data trend for Tokyo Individualized Educational Institute'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.

* Premium members only.

Tokyo Individualized Educational Institute Cash Conversion Cycle Chart

Tokyo Individualized Educational Institute Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.30 11.90 9.95 9.62 8.04

Tokyo Individualized Educational Institute Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 6.65 9.46 11.97 14.62 4.97

Competitive Comparison of Tokyo Individualized Educational Institute's Cash Conversion Cycle

For the Education & Training Services subindustry, Tokyo Individualized Educational Institute'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.


Tokyo Individualized Educational Institute's Cash Conversion Cycle Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Tokyo Individualized Educational Institute's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Tokyo Individualized Educational Institute's Cash Conversion Cycle falls into.



Tokyo Individualized Educational Institute 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.

Tokyo Individualized Educational Institute's Cash Conversion Cycle for the fiscal year that ended in Feb. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=7.43+0.85-0.24
=8.04

Tokyo Individualized Educational Institute's Cash Conversion Cycle for the quarter that ended in Feb. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=4.52+0.79-0.34
=4.97

* 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.


Tokyo Individualized Educational Institute  (TSE:4745) 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.


Tokyo Individualized Educational Institute Cash Conversion Cycle Related Terms

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Tokyo Individualized Educational Institute (TSE:4745) Business Description

Traded in Other Exchanges
N/A
Address
No. 26-2, Nishi-Shinjuku, Shinjuku Nomura Building, 25th Floor, Shinjuku-ku, Tokyo, JPN, 163-0525
Tokyo Individualized Educational Institute Inc is a Japan based company engaged in providing educational services. It operates private preparatory schools; and provides semi-private tutorial services in Tokyo, Kansai, Tokai, and Kyushu areas.

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