Shoei (TSE:9385) Cash Conversion Cycle: 79.54 (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:9385 Shoei Corp TSE:9385
65 GF Score
Price 円769.00
GF Value 円558.65
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Shoei Cash Conversion Cycle?

Shoei TSE:9385 +2.67% 65 Cash Conversion Cycle is 79.54 as of Mar. 2026. GuruFocus rates TSE:9385 with a GF Score™ of 65/100 and a GF Value™ of 円558.65 (Significantly Overvalued). The stock has 3 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.

Shoei's Days Sales Outstanding for the six months ended in Mar. 2026 was 47.4.
Shoei's Days Inventory for the six months ended in Mar. 2026 was 59.59.
Shoei's Days Payable for the six months ended in Mar. 2026 was 27.45.
Therefore, Shoei's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 79.54.


Shoei  (TSE:9385) 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.


Shoei Cash Conversion Cycle Related Terms


Shoei Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Shoei'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.

Shoei Cash Conversion Cycle Chart

Shoei 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 87.09 80.78 80.81 76.02 79.20

Shoei 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 76.20 76.23 74.63 78.23 79.54

TSE:9385 vs APP, OMC, TTD: Cash Conversion Cycle Comparison

For the Advertising Agencies subindustry, Shoei'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.


Shoei Cash Conversion Cycle vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shoei's Cash Conversion Cycle distribution charts can be found below:

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


TSE:9385
65GF Score
Shoei Corp TSE:9385
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoei 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.

Shoei'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
=47.16+60.18-28.14
=79.20

Shoei'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
=47.4+59.59-27.45
=79.54

* 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 79.54 mean?
Shoei (TSE:9385) has a Cash Conversion Cycle of 79.54 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Shoei and its competitors.
Is Shoei's Cash Conversion Cycle too high?
Shoei's current Cash Conversion Cycle is 79.54. The Media - Diversified industry median Cash Conversion Cycle is 20.07. Shoei's value of 79.54 is 296.3% above this industry median. Overall, Shoei has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shoei's Cash Conversion Cycle compare to APP and OMC?
Shoei's Cash Conversion Cycle of 79.54 can be compared against companies in the Media - Diversified industry. The industry median Cash Conversion Cycle is 20.07. Shoei's value of 79.54 is 296.3% 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 20.07, based on 1,007 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. Shoei's current Cash Conversion Cycle of 79.54 is 296.3% 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 Shoei and its competitors. For the Media - Diversified industry, the median Cash Conversion Cycle is 20.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shoei's current Cash Conversion Cycle is 79.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoei stock overvalued right now?
Based on GuruFocus' analysis, Shoei (TSE:9385) is currently considered Significantly Overvalued. The stock's GF Value™ is 円558.65, compared to a current price of 円769.00 — trading 37.7% above its estimated fair value. The current Cash Conversion Cycle is 79.54 and 296.3% above the Media - Diversified industry median of 20.07. Shoei's overall GF Score™ is 65/100 with 3 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 Shoei (TSE:9385), the current Cash Conversion Cycle is 79.54 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 Shoei (TSE:9385) Overvalued in 2026?

Based on GuruFocus' analysis, Shoei stock appears to be overvalued. The current stock price of 円769.00 is trading 37.7% above its estimated GF Value™ of 円558.65. GuruFocus considers Shoei to be Significantly Overvalued.

Key valuation signals for TSE:9385:

  • Cash Conversion Cycle: 79.54
  • GF Value™: 円558.65 vs. price of 円769.00 (37.7% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 296.3% above the Media - Diversified median

No single metric tells the full story. See the TSE:9385 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shoei Business Description

Address 2-1-1 Bingocho, 7th Floor, 2nd Nomura Building, Chuo-ku, Osaka, JPN
Shoei Corp is engaged in Sales promotion support business and Product sales business. The sales promotion support business provides and supports products and services from planning to delivery in order to further promote the customer's own business.
65GF Score

Get the complete analysis for TSE:9385

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

円769.00
Price
円558.65
GF Value