Maplebear Inc. (CART)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 38.02 | 0.60 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 38.02 | 0.60 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Maplebear Inc.'s cash conversion cycle experienced fluctuations over the years. In 2020 and 2023, the company managed to achieve a cash conversion cycle of 0.00 days, indicating an efficient operation in converting its resources into cash. However, in 2021, there was a slight increase to 0.60 days, suggesting a minor delay in the conversion process compared to the previous year.
The most significant change occurred in 2022, where the cash conversion cycle extended to 38.02 days. This sharp increase might indicate challenges in managing inventory, collecting receivables, or paying off liabilities efficiently during that period.
Fortunately, by 2024, the company was able to revert back to a cash conversion cycle of 0.00 days, showcasing a swift recovery or improvement in its operational efficiency. Overall, monitoring the cash conversion cycle can provide insights into Maplebear Inc.'s liquidity management and effectiveness in utilizing its working capital.
Peer comparison
Dec 31, 2024