Apogee Enterprises Inc (APOG)
Cash conversion cycle
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 33.65 | 24.07 | 24.20 | 25.90 | 25.90 |
| Days of sales outstanding (DSO) | days | — | 44.71 | — | — | 49.98 |
| Number of days of payables | days | — | 29.47 | — | — | 28.58 |
| Cash conversion cycle | days | 33.65 | 39.31 | 24.20 | 25.90 | 47.30 |
February 28, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 33.65 + — – —
= 33.65
The cash conversion cycle of Apogee Enterprises Inc has shown variability over the years.
On February 25, 2023, the cash conversion cycle was 47.30 days, indicating that the company took around 47 days to convert its inventory and accounts receivable into cash. By February 28, 2023, the cycle had improved to 25.90 days, suggesting a more efficient management of working capital.
The trend continued positively as by February 29, 2024, the cash conversion cycle further reduced to 24.20 days, showcasing an even faster conversion of resources into cash. However, by March 2, 2024, there was a slight increase in the cycle to 39.31 days, potentially implying a delay in the conversion process.
Nevertheless, by February 28, 2025, the cash conversion cycle improved to 33.65 days, even though slightly higher compared to the previous year, it still indicates a reasonably efficient utilization of working capital.
Overall, Apogee Enterprises Inc has demonstrated efforts to optimize its cash conversion cycle, leading to improved efficiency in managing its resources and cash flow over the years.