Air Products and Chemicals Inc (APD)
Cash conversion cycle
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 34.33 | 34.23 | 26.93 | 20.10 | 23.05 |
| Days of sales outstanding (DSO) | days | 57.65 | 65.40 | 62.65 | 58.50 | 58.52 |
| Number of days of payables | days | 143.14 | 64.86 | 50.12 | 43.80 | 37.42 |
| Cash conversion cycle | days | -51.16 | 34.77 | 39.46 | 34.80 | 44.15 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 34.33 + 57.65 – 143.14
= -51.16
Peer comparison
Sep 30, 2025
Company name
Symbol
Cash conversion cycle
Air Products and Chemicals Inc
APD
-51.16
Ashland Global Holdings Inc
ASH
0.00
WD-40 Company
WDFC
125.90