Maplebear Inc. (CART)
Cash conversion cycle
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 36.07 | 37.04 | — | 37.81 | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 36.07 | 37.04 | 0.00 | 37.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Maplebear Inc.'s cash conversion cycle provides insights into the efficiency of its cash management and working capital utilization. The cash conversion cycle essentially represents the time it takes for the company to convert its investments in inventory and accounts receivable into cash inflows from sales.
For the period from September 30, 2019, to June 30, 2022, Maplebear Inc.'s cash conversion cycle remained at 0.00 days, indicating the company was able to efficiently manage its working capital during this time, with a quick turnover of inventory and collection of receivables.
However, starting from December 31, 2022, there was a significant change in the cash conversion cycle, which increased to 37.81 days. This increase suggests that Maplebear Inc. might have faced challenges in managing its working capital effectively, leading to a longer time to convert inventory and accounts receivable into cash.
Further, in the subsequent quarters of June 30, 2023, and September 30, 2023, the cash conversion cycle decreased to 37.04 days and 36.07 days, respectively. This reduction indicates that the company made improvements in its working capital management, resulting in a faster conversion of investments into cash.
Overall, Maplebear Inc. should continue to monitor and optimize its cash conversion cycle to ensure efficient working capital management, maintain liquidity, and support sustained business operations.
Peer comparison
Dec 31, 2024