Apple Inc (AAPL)
Cash conversion cycle
| 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 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 9.45 | 9.93 | 10.71 | 11.92 | 12.64 | 10.80 | 10.95 | 11.21 | 10.79 | 12.36 | 12.48 | 11.28 | 8.08 | 9.03 | 9.11 | 9.95 | 11.28 | 9.23 | 9.74 | 10.08 |
| Days of sales outstanding (DSO) | days | 63.99 | 41.83 | 45.40 | 54.70 | 61.83 | 40.87 | 39.36 | 47.41 | 58.08 | 37.25 | 34.03 | 51.03 | 56.40 | 39.78 | 42.93 | 62.96 | 51.39 | 35.65 | 37.06 | 72.74 |
| Number of days of payables | days | 115.40 | 84.39 | 92.46 | 106.76 | 119.66 | 83.33 | 80.42 | 100.09 | 106.72 | 78.51 | 71.64 | 95.80 | 104.69 | 80.32 | 87.89 | 125.91 | 93.85 | 72.02 | 74.87 | 129.42 |
| Cash conversion cycle | days | -41.97 | -32.63 | -36.35 | -40.15 | -45.18 | -31.67 | -30.11 | -41.47 | -37.85 | -28.90 | -25.13 | -33.49 | -40.21 | -31.51 | -35.85 | -53.00 | -31.18 | -27.14 | -28.07 | -46.59 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 9.45 + 63.99 – 115.40
= -41.97
Peer comparison
Sep 30, 2025