Boise Cascad Llc (BCC)
Cash conversion cycle
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 42.60 | 41.13 | 40.94 | 40.69 | 35.66 | 38.75 | 41.14 | 40.89 | 35.07 | 43.98 | 52.78 | 53.32 | 49.67 | 34.89 | 36.61 | 56.07 | 73.09 | 114.39 | 392.45 | 428.65 |
| Days of sales outstanding (DSO) | days | 0.94 | 0.62 | 0.51 | 20.78 | 13.98 | 22.69 | 26.23 | 29.54 | 21.35 | 23.58 | 30.53 | 33.12 | 26.24 | 31.52 | 27.61 | 26.06 | 18.21 | 24.71 | 25.65 | 22.84 |
| Number of days of payables | days | — | — | — | 22.05 | 13.79 | 20.12 | 22.31 | 25.09 | 17.78 | 28.13 | 36.82 | 39.85 | 30.35 | 29.26 | 25.75 | 32.12 | 32.75 | 66.58 | 204.71 | 212.52 |
| Cash conversion cycle | days | 43.54 | 41.76 | 41.45 | 39.42 | 35.85 | 41.32 | 45.06 | 45.34 | 38.64 | 39.44 | 46.50 | 46.59 | 45.56 | 37.15 | 38.47 | 50.01 | 58.56 | 72.52 | 213.39 | 238.97 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 42.60 + 0.94 – —
= 43.54
The cash conversion cycle of Boise Cascade Co has shown fluctuation over the past eight quarters, ranging from a low of 38.00 days in Q4 2022 to a high of 46.98 days in Q4 2023. Generally, a shorter cash conversion cycle indicates efficiency in managing working capital and converting inventory and receivables into cash.
Boise Cascade Co's cash conversion cycle increased from Q1 2023 to Q4 2023, indicating a potential slowdown in the company's ability to convert its resources into cash. This trend may suggest challenges in managing inventory, collection of receivables, or optimizing payment terms with suppliers.
Analyzing further, the company's cash conversion cycle was longer in Q4 2023 compared to the same period in the previous year, Q4 2022. This may indicate a worsening liquidity position or potential inefficiencies in working capital management in the most recent quarter.
Overall, monitoring and analyzing Boise Cascade Co's cash conversion cycle can provide valuable insights into the company's operational efficiency, liquidity, and working capital management effectiveness.
Peer comparison
Dec 31, 2023