Air Products and Chemicals Inc (APD)
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 | 34.33 | 35.44 | 34.34 | 33.23 | 34.23 | 33.35 | 31.58 | 30.01 | 26.93 | 26.21 | 24.76 | 24.70 | 20.10 | 21.51 | 22.64 | 22.87 | 23.05 | 24.20 | 24.97 | 25.71 |
| Days of sales outstanding (DSO) | days | 57.65 | 84.50 | 77.54 | 74.24 | 65.40 | 69.77 | 73.14 | 73.43 | 62.65 | 73.25 | 64.96 | 67.17 | 55.80 | 71.93 | 75.30 | 72.68 | 58.52 | 73.76 | 76.21 | 81.66 |
| Number of days of payables | days | 143.14 | 136.14 | 152.76 | 119.54 | 64.87 | 119.97 | 101.42 | 96.85 | 50.12 | 120.87 | 77.42 | 79.48 | 43.80 | 81.10 | 78.73 | 81.14 | 37.42 | 88.28 | 89.96 | 88.82 |
| Cash conversion cycle | days | -51.16 | -16.19 | -40.89 | -12.07 | 34.77 | -16.86 | 3.30 | 6.59 | 39.46 | -21.42 | 12.30 | 12.39 | 32.09 | 12.35 | 19.21 | 14.40 | 44.15 | 9.68 | 11.22 | 18.55 |
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
148.20
WD-40 Company
WDFC
125.90
See also:
Air Products and Chemicals Inc Cash Conversion Cycle (Quarterly Data)