American Airlines Group (AAL)

Cash conversion cycle

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Days of inventory on hand (DOH) days 26.06 22.54 21.38 20.83 21.62
Days of sales outstanding (DSO) days 13.86 13.51 14.01 15.94 18.38
Number of days of payables days 26.51 20.98 20.96 19.64 21.34
Cash conversion cycle days 13.41 15.07 14.43 17.12 18.66

December 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 26.06 + 13.86 – 26.51
= 13.41

See also:

American Airlines Group Cash Conversion Cycle