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Piolax's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 73.36.
Piolax's Days Inventory for the
three
months ended in Mar. 2026 was 87.9.
Piolax's Days Payable for the
three
months ended in Mar. 2026 was 23.38.
Therefore, Piolax's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 137.88.
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.
Piolax Cash Conversion Cycle Related Terms
Piolax Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Piolax'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:5988 vs ORLY, AZO: Cash Conversion Cycle Comparison
For the Auto Parts subindustry, Piolax'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.
Piolax Cash Conversion Cycle vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Piolax's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Piolax'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.
Piolax'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.
Piolax (TSE:5988) has a Cash Conversion Cycle of 137.88 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Piolax and its competitors.
Is Piolax's Cash Conversion Cycle too high?
Piolax's current Cash Conversion Cycle is 137.88. The Vehicles & Parts industry median Cash Conversion Cycle is 66.95. Piolax's value of 137.88 is 105.9% above this industry median. Overall, Piolax has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Piolax's Cash Conversion Cycle compare to ORLY and AZO?
Piolax's Cash Conversion Cycle of 137.88 can be compared against companies in the Vehicles & Parts industry. The industry median Cash Conversion Cycle is 66.95. Piolax's value of 137.88 is 105.9% 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 Vehicles & Parts company?
The median Cash Conversion Cycle among Vehicles & Parts companies is 66.95, based on 1,322 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. Piolax's current Cash Conversion Cycle of 137.88 is 105.9% 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 Piolax and its competitors. For the Vehicles & Parts industry, the median Cash Conversion Cycle is 66.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piolax's current Cash Conversion Cycle is 137.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piolax stock overvalued right now?
Based on GuruFocus' analysis, Piolax (TSE:5988) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,129.18, compared to a current price of 円1,724.00 — trading 44.9% below its estimated fair value. The current Cash Conversion Cycle is 137.88 and 105.9% above the Vehicles & Parts industry median of 66.95. Piolax's overall GF Score™ is 62/100 with 5 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 Piolax (TSE:5988), the current Cash Conversion Cycle is 137.88 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 Piolax (TSE:5988) Overvalued in 2026?
Based on GuruFocus' analysis, Piolax stock appears to be undervalued.
The current stock price of 円1,724.00 is trading 44.9% below its estimated GF Value™ of 円3,129.18.
GuruFocus considers Piolax to be Significantly Undervalued.
Key valuation signals for TSE:5988:
Cash Conversion Cycle: 137.88
GF Value™: 円3,129.18 vs. price of 円1,724.00 (44.9% below fair value)
Industry Position: 105.9% above the Vehicles & Parts median
No single metric tells the full story. See the TSE:5988 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piolax Inc is an automobile-related product producer. The company through its subsidiaries engages in two businesses automobile-related product and medical-related products in the US, UK, China, Thailand, and Indonesia. Its product portfolio includes coil springs, flat springs, wire forms, metal and plastic fasteners and unit assembly parts. It also produces equipment's to serve the medical industry which includes spiral catheter, and stent.
62GF 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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