Albany International Corporation (AIN)
Cash conversion cycle
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 64.23 | 70.13 | 73.08 | 79.83 | 85.46 | 95.44 | 82.09 | 84.75 | 78.67 | 79.14 | 81.64 | 79.35 | 78.11 | 79.47 | 83.60 | 82.61 | 76.15 | 74.38 | 70.59 | 62.10 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 64.23 | 70.13 | 73.08 | 79.83 | 85.46 | 95.44 | 82.09 | 84.75 | 78.67 | 79.14 | 81.64 | 79.35 | 78.11 | 79.47 | 83.60 | 82.61 | 76.15 | 74.38 | 70.59 | 62.10 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 64.23 + — – —
= 64.23
The cash conversion cycle of Albany International Corporation measures the time it takes for the company to convert its investments in inventory and accounts receivable into cash inflows from sales. A shorter cash conversion cycle generally indicates more efficient management of working capital.
Based on the data provided, Albany International Corporation's cash conversion cycle has fluctuated over time. The cycle ranged from a low of 62.10 days on March 31, 2020 to a high of 95.44 days on September 30, 2023. Generally, a longer cash conversion cycle suggests that the company takes more time to collect from customers and convert inventory into sales.
In the most recent period, the cash conversion cycle was 64.23 days on December 31, 2024, indicating an improvement from earlier periods in 2024. This could be a positive sign of better working capital management or more efficient operations.
Overall, it is important for Albany International Corporation to monitor and manage its cash conversion cycle effectively to ensure optimal utilization of resources and timely conversion of investments into cash inflows.