Alcoa Corp (AA)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 72.19 | 72.53 | 76.08 | 76.10 | 69.20 | 74.62 | 69.27 | 71.51 | 75.27 | 75.27 | 81.07 | 79.00 | 81.80 | 82.38 | 90.59 | 93.97 | 72.74 | 66.05 | 61.91 | 58.24 |
| Days of sales outstanding (DSO) | days | 36.34 | 32.86 | 33.55 | 38.08 | 36.80 | 33.69 | 36.52 | 34.40 | 27.55 | 26.88 | 26.64 | 25.71 | 26.00 | 23.48 | 27.03 | 29.64 | 25.94 | 27.50 | 25.55 | 25.01 |
| Number of days of payables | days | 64.27 | 53.56 | 55.97 | 56.81 | 62.52 | 54.97 | 56.79 | 55.38 | 59.78 | 50.59 | 50.37 | 49.12 | 59.22 | 54.57 | 62.10 | 61.96 | 62.25 | 57.51 | 55.70 | 52.78 |
| Cash conversion cycle | days | 44.26 | 51.82 | 53.67 | 57.36 | 43.48 | 53.34 | 49.01 | 50.53 | 43.03 | 51.55 | 57.35 | 55.60 | 48.58 | 51.28 | 55.53 | 61.65 | 36.43 | 36.03 | 31.76 | 30.48 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 72.19 + 36.34 – 64.27
= 44.26