We establish a set of resource conversion relationships between quantum coherence and multipartite entanglement in many-body systems, where the operational measures of resource cost and distillation are focused. Under the multipartite incoherent operation, the initial coherence of single-party system bounds the maximal amounts of corresponding operational entanglement in an arbitrary bipartite partition as well as the genuine multipartite entanglement (GME) in many-body systems. Furthermore, the converted multipartite entanglement can be transferred to its subsystems and restored to coherence of a single party by means of local incoherent operations and classical communication, which constitutes a protocol of resource interconversion within the full incoherent operation scenario. As an example, we present a scheme for cyclic interconversion between coherence and GME in three-qubit systems without loss. Moreover, we analyze the property of bipartite and multipartite genuine multi-level entanglement by the initial coherence and investigate multipartite resource dynamics in the conversion.