Caterpillar Inc (CAT)

Activity ratios

Short-term

Turnover ratios

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Inventory turnover 2.52 2.25 2.23 2.29 2.47 2.43 2.49 2.56 2.64 2.52 2.47 2.41 2.58 2.39 2.43 2.49 2.56 2.47 2.53 2.50
Receivables turnover 3.13 3.16 3.14 3.33 3.44 3.47 3.50 3.57 3.56 3.55 3.46 3.36 3.33 3.32 3.12 2.90 2.93 2.92 2.67 2.49
Payables turnover 5.10 4.90 4.84 5.24 5.41 5.47 5.62 5.58 5.54 5.66 5.19 4.76 4.82 4.87 4.77 4.48 4.41 4.68 4.64 4.54
Working capital turnover 4.24 4.68 5.34 6.07 4.83 5.16 6.96 5.93 5.49 4.47 5.54 4.47 4.85 4.58 4.15 4.04 3.75 3.04 2.97 2.69

Average number of days

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Days of inventory on hand (DOH) days 144.75 161.94 163.70 159.73 148.05 149.99 146.39 142.46 138.05 144.86 147.93 151.19 141.68 153.01 150.19 146.39 142.46 147.69 144.08 146.03
Days of sales outstanding (DSO) days 116.48 115.48 116.07 109.72 106.15 105.07 104.15 102.11 102.44 102.74 105.40 108.55 109.75 110.06 116.97 125.69 124.42 124.91 136.74 146.75
Number of days of payables days 71.58 74.56 75.39 69.68 67.53 66.75 64.92 65.36 65.89 64.50 70.38 76.75 75.66 74.96 76.53 81.39 82.75 78.01 78.69 80.46

See also:

Caterpillar Inc Short-term (Operating) Activity Ratios (Quarterly Data)

Long-term

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Fixed asset turnover 4.46 4.52 4.54 4.71 4.85 5.12 — — — 5.42 5.34 5.15 4.94 7.25 4.60 4.41 6.24 6.08 3.82 3.54
Total asset turnover 0.69 0.69 0.70 0.74 0.74 0.76 0.80 0.80 0.77 0.77 0.76 0.74 0.73 0.70 0.67 0.64 0.62 0.60 0.56 0.53

See also:

Caterpillar Inc Long-term (Investment) Activity Ratios (Quarterly Data)