Manaby Co (TSE:9222) Cash Conversion Cycle: 56.51 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9222 Manaby Co Ltd TSE:9222
12 GF Score
Price 円50.00
GF Value 円2,175.53
! 4 Warning Signs
View Full Analysis

What is Manaby Co Cash Conversion Cycle?

Manaby Co TSE:9222 12 Cash Conversion Cycle is 56.51 as of Mar. 2026. GuruFocus rates TSE:9222 with a GF Score™ of 12/100 and a GF Value™ of 円2,175.53. The stock has 4 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.

Manaby Co's Days Sales Outstanding for the six months ended in Mar. 2026 was 58.59.
Manaby Co's Days Inventory for the six months ended in Mar. 2026 was 0.
Manaby Co's Days Payable for the six months ended in Mar. 2026 was 2.08.
Therefore, Manaby Co's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 56.51.


Manaby Co  (TSE:9222) 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.


Manaby Co Cash Conversion Cycle Related Terms


Manaby Co Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Manaby 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.

Manaby Co Cash Conversion Cycle Chart

Manaby Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial 53.12 55.79 55.30 55.83 53.92

Manaby Co Semi-Annual Data
Mar20 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 61.35 54.89 55.95 54.46 56.51

TSE:9222 vs RHI, KFY, TNET: Cash Conversion Cycle Comparison

For the Staffing & Employment Services subindustry, Manaby 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.


Manaby Co Cash Conversion Cycle vs Business Services Industry

For the Business Services industry and Industrials sector, Manaby Co's Cash Conversion Cycle distribution charts can be found below:

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


TSE:9222
12GF Score
Manaby Co Ltd TSE:9222
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manaby 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.

Manaby 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
=56.05+0-2.13
=53.92

Manaby 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
=58.59+0-2.08
=56.51

* 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 56.51 mean?
Manaby Co (TSE:9222) has a Cash Conversion Cycle of 56.51 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Manaby Co and its competitors.
Is Manaby Co's Cash Conversion Cycle too high?
Manaby Co's current Cash Conversion Cycle is 56.51. The Business Services industry median Cash Conversion Cycle is 38.41. Manaby Co's value of 56.51 is 47.1% above this industry median. Overall, Manaby Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Manaby Co's Cash Conversion Cycle compare to RHI and KFY?
Manaby Co's Cash Conversion Cycle of 56.51 can be compared against companies in the Business Services industry. The industry median Cash Conversion Cycle is 38.41. Manaby Co's value of 56.51 is 47.1% 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 Business Services company?
The median Cash Conversion Cycle among Business Services companies is 38.41, based on 1,069 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. Manaby Co's current Cash Conversion Cycle of 56.51 is 47.1% 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 Manaby Co and its competitors. For the Business Services industry, the median Cash Conversion Cycle is 38.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manaby Co's current Cash Conversion Cycle is 56.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manaby Co stock overvalued right now?
Manaby Co (TSE:9222) has a current Cash Conversion Cycle of 56.51. The stock's GF Value™ is 円2,175.53, compared to a current price of 円50.00 — trading 97.7% below its estimated fair value. The current Cash Conversion Cycle is 56.51 and 47.1% above the Business Services industry median of 38.41. Manaby Co's overall GF Score™ is 12/100 with 4 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 Manaby Co (TSE:9222), the current Cash Conversion Cycle is 56.51 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 Manaby Co (TSE:9222) Overvalued in 2026?

Based on GuruFocus' analysis, Manaby Co stock appears to be undervalued. The current stock price of 円50.00 is trading 97.7% below its estimated GF Value™ of 円2,175.53.

Key valuation signals for TSE:9222:

  • Cash Conversion Cycle: 56.51
  • GF Value™: 円2,175.53 vs. price of 円50.00 (97.7% below fair value)
  • GF Score™: 12/100 with 4 warning signs
  • Industry Position: 47.1% above the Business Services median

No single metric tells the full story. See the TSE:9222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manaby Co Business Description

Address 1-6-30 Tsutsujigaoka, 5th Floor, Dee Grants Sendai Building, Miyagino-ku, Miyagi Prefecture, Sendai, JPN, 983-0852
Manaby Co Ltd is engaged in providing employment support services based on comprehensive support law for people with disabilities. It has developed a learning system using its e-learning system, which allows people who have difficulty going out, to learn IT skills to train and work from home. The company's main operations are as follows: employment transition support business (manaby); employment continuation support type B business (manabyCREATORS); online employment support business (manabyWORKS); paid job introduction service for companies wishing to employ people with disabilities; e-learning service (Mana e) for welfare business operators, dialogue-oriented SES (provision of engineer labor) business (manabyTECHNO); and after-school day care service business (manaby Campus).
12GF Score

Get the complete analysis for TSE:9222

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

円50.00
Price
円2,175.53
GF Value