CACI International Inc (CACI)

Cash conversion cycle

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Days of inventory on hand (DOH) days 5.99 8.17 7.77 6.36 5.28
Days of sales outstanding (DSO) days 59.46 49.14 48.74 54.50 53.13
Number of days of payables days 17.71 19.81 11.79 19.41 9.86
Cash conversion cycle days 47.74 37.50 44.71 41.44 48.56

June 30, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 5.99 + 59.46 – 17.71
= 47.74

The cash conversion cycle (CCC) of CACI International Inc over the specified period demonstrates notable fluctuations, indicating varying efficiency in managing receivables, payables, and inventories. As of June 30, 2021, the CCC was 48.56 days, reflecting a moderate period for converting investments in inventory and receivables into cash, after accounting for accounts payable.

By June 30, 2022, the CCC decreased to 41.44 days, suggesting an improvement in operational efficiency, possibly through faster collection of receivables, extended payable periods, or reduced inventory holding times. This downward trend continued into June 30, 2023, with the CCC dropping further to 44.71 days, though this represents a slight increase relative to 2022, indicating a temporary slowdown in efficiency improvements or adjustments in the company's working capital management.

On June 30, 2024, the CCC reached its lowest point within the analyzed period at 37.50 days, highlighting a significant enhancement in the company's ability to efficiently convert its investments into cash. The reduction during this timeframe suggests optimized receivables collection, effective inventory management, or an extension of accounts payable terms.

However, by June 30, 2025, the CCC increased again to 47.74 days, reversing the recent trend and approaching the levels observed in 2021. This uptick may imply a reversion in collection periods, a reduction in payable extension strategies, or inventory management adjustments.

Overall, the pattern of the CCC indicates periods of operational efficiencies aligned with strategic working capital management, punctuated by brief setbacks. The observed fluctuations reflect the company's dynamic approach to managing cash flows, with a general trend towards improved cash conversion efficiency over the analyzed period, despite some variability.