TBS Holdings's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 74.4.
TBS Holdings's Days Inventory for the
three
months ended in Mar. 2026 was 33.61.
TBS Holdings's Days Payable for the
three
months ended in Mar. 2026 was 63.52.
Therefore, TBS Holdings's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 44.49.
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.
TBS Holdings Cash Conversion Cycle Related Terms
TBS Holdings Cash Conversion Cycle Historical Data
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The historical data trend for TBS Holdings'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:9401 vs NXST: Cash Conversion Cycle Comparison
For the Broadcasting subindustry, TBS Holdings'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.
TBS Holdings Cash Conversion Cycle vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TBS Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where TBS Holdings'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.
TBS Holdings'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.
TBS Holdings (TSE:9401) has a Cash Conversion Cycle of 44.49 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on TBS Holdings and its competitors.
Is TBS Holdings' Cash Conversion Cycle too high?
TBS Holdings' current Cash Conversion Cycle is 44.49. The Media - Diversified industry median Cash Conversion Cycle is 20.01. TBS Holdings' value of 44.49 is 122.3% above this industry median. Overall, TBS Holdings has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' Cash Conversion Cycle compare to NXST?
TBS Holdings' Cash Conversion Cycle of 44.49 can be compared against companies in the Media - Diversified industry. The industry median Cash Conversion Cycle is 20.01. TBS Holdings' value of 44.49 is 122.3% 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 20.01, 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. TBS Holdings's current Cash Conversion Cycle of 44.49 is 122.3% 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 TBS Holdings and its competitors. For the Media - Diversified industry, the median Cash Conversion Cycle is 20.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBS Holdings's current Cash Conversion Cycle is 44.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, TBS Holdings (TSE:9401) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,693.13, compared to a current price of 円6,556.00 — trading 39.7% above its estimated fair value. The current Cash Conversion Cycle is 44.49 and 122.3% above the Media - Diversified industry median of 20.01. TBS Holdings' overall GF Score™ is 82/100 with 6 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 TBS Holdings (TSE:9401), the current Cash Conversion Cycle is 44.49 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 TBS Holdings (TSE:9401) Overvalued in 2026?
Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued.
The current stock price of 円6,556.00 is trading 39.7% above its estimated GF Value™ of 円4,693.13.
GuruFocus considers TBS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:9401:
Cash Conversion Cycle: 44.49
GF Value™: 円4,693.13 vs. price of 円6,556.00 (39.7% above fair value)
Industry Position: 122.3% above the Media - Diversified median
No single metric tells the full story. See the TSE:9401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
82GF Score
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