Autodesk Inc (ADSK)

Cash conversion cycle

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Days of inventory on hand (DOH)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	22.82	58.17	39.53	28.15	23.67	70.08	47.84	33.39	30.69	59.59	50.26	32.32	30.57	61.93	54.03	50.52	38.00	72.71	61.02	43.27
Number of days of payables	days	114.19	71.43	91.79	90.88	94.60	77.56	104.51	87.25	111.23	105.66	122.99	106.30	130.39	132.68	134.29	111.24	95.95	94.03	121.51	108.97
Cash conversion cycle	days	-91.37	-13.26	-52.26	-62.73	-70.93	-7.48	-56.67	-53.86	-80.54	-46.06	-72.72	-73.98	-99.82	-70.75	-80.25	-60.72	-57.95	-21.32	-60.49	-65.70

April 30, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 22.82 – 114.19
= -91.37

The cash conversion cycle of Autodesk Inc fluctuated over the past 20 quarters, with values ranging from -99.82 days to -7.48 days. The negative values indicate that Autodesk Inc typically operates with a negative cash conversion cycle, implying that the company is efficient in converting its investments in inventory and other resources into cash from sales.

The trend of the cash conversion cycle shows some variability but generally remains within a range of -100 to -50 days. The company was able to shorten its cash conversion cycle significantly in certain quarters, such as January 31, 2023, and January 31, 2024, indicating more efficient management of working capital during those periods.

Overall, a consistently negative cash conversion cycle suggests that Autodesk Inc has strong working capital management practices, allowing the company to quickly convert its resources into cash, which is a positive indicator of operational efficiency.