Airport Facilities Co (TSE:8864) Cash Conversion Cycle: 190.61 (As of Mar. 2026)


TSE:8864 Airport Facilities Co Ltd TSE:8864
75 GF Score
Price 円974.00
GF Value 円871.91
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Airport Facilities Co Cash Conversion Cycle?

Airport Facilities Co TSE:8864 +0.10% 75 Cash Conversion Cycle is 190.61 as of Mar. 2026. GuruFocus rates TSE:8864 with a GF Score™ of 75/100 and a GF Value™ of 円871.91 (Modestly Overvalued). The stock has 2 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.

Airport Facilities Co's Days Sales Outstanding for the six months ended in Mar. 2026 was 13.95.
Airport Facilities Co's Days Inventory for the six months ended in Mar. 2026 was 197.32.
Airport Facilities Co's Days Payable for the six months ended in Mar. 2026 was 20.66.
Therefore, Airport Facilities Co's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 190.61.


Airport Facilities Co  (TSE:8864) 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.


Airport Facilities Co Cash Conversion Cycle Related Terms


Airport Facilities Co Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Airport Facilities 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.

Airport Facilities Co Cash Conversion Cycle Chart

Airport Facilities Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.48 14.98 109.32 191.33 199.32

Airport Facilities Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 160.44 190.29 181.75 233.46 190.61

TSE:8864 vs CBRE, BEKE, JLL: Cash Conversion Cycle Comparison

For the Real Estate Services subindustry, Airport Facilities 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.


Airport Facilities Co Cash Conversion Cycle vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Airport Facilities Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Airport Facilities Co's Cash Conversion Cycle falls into.


TSE:8864
75GF Score
Airport Facilities Co Ltd TSE:8864
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Airport Facilities 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.

Airport Facilities Co's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=13.9+211.45-26.03
=199.32

Airport Facilities Co's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=13.95+197.32-20.66
=190.61

* 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 190.61 mean?
Airport Facilities Co (TSE:8864) has a Cash Conversion Cycle of 190.61 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Airport Facilities Co and its competitors.
Is Airport Facilities Co's Cash Conversion Cycle too high?
Airport Facilities Co's current Cash Conversion Cycle is 190.61. The Real Estate industry median Cash Conversion Cycle is 320.74. Airport Facilities Co's value of 190.61 is 40.6% below this industry median. Overall, Airport Facilities Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airport Facilities Co's Cash Conversion Cycle compare to CBRE and BEKE?
Airport Facilities Co's Cash Conversion Cycle of 190.61 can be compared against companies in the Real Estate industry. The industry median Cash Conversion Cycle is 320.74. Airport Facilities Co's value of 190.61 is 40.6% 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 Real Estate company?
The median Cash Conversion Cycle among Real Estate companies is 320.74, based on 1,731 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. Airport Facilities Co's current Cash Conversion Cycle of 190.61 is 40.6% 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 Airport Facilities Co and its competitors. For the Real Estate industry, the median Cash Conversion Cycle is 320.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airport Facilities Co's current Cash Conversion Cycle is 190.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airport Facilities Co stock overvalued right now?
Based on GuruFocus' analysis, Airport Facilities Co (TSE:8864) is currently considered Modestly Overvalued. The stock's GF Value™ is 円871.91, compared to a current price of 円974.00 — trading 11.7% above its estimated fair value. The current Cash Conversion Cycle is 190.61 and 40.6% below the Real Estate industry median of 320.74. Airport Facilities Co's overall GF Score™ is 75/100 with 2 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 Airport Facilities Co (TSE:8864), the current Cash Conversion Cycle is 190.61 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 Airport Facilities Co (TSE:8864) Overvalued in 2026?

Based on GuruFocus' analysis, Airport Facilities Co stock appears to be overvalued. The current stock price of 円974.00 is trading 11.7% above its estimated GF Value™ of 円871.91. GuruFocus considers Airport Facilities Co to be Modestly Overvalued.

Key valuation signals for TSE:8864:

  • Cash Conversion Cycle: 190.61
  • GF Value™: 円871.91 vs. price of 円974.00 (11.7% above fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 40.6% below the Real Estate median

No single metric tells the full story. See the TSE:8864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Airport Facilities Co Business Description

Address 1-6-5 Haneda Airport, Ota-ku, 6-7F, Sogo Building No. 5, Tokyo, JPN, 144-0041
Airport Facilities Co Ltd is engaged in real estate leasing, heat supply business, and water supply and drainage management businesses. The company generates the majority of its revenue from the Real Estate business.
75GF Score

Get the complete analysis for TSE:8864

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

円974.00
Price
円871.91
GF Value