Caterpillar Inc (CAT)
Cash conversion cycle
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 144.75 | 148.05 | 138.05 | 141.68 | 142.46 |
| Days of sales outstanding (DSO) | days | 116.48 | 106.15 | 102.44 | 109.75 | 124.42 |
| Number of days of payables | days | 71.58 | 67.53 | 65.89 | 75.66 | 82.75 |
| Cash conversion cycle | days | 189.65 | 186.67 | 174.60 | 175.77 | 184.13 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 144.75 + 116.48 – 71.58
= 189.65
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Caterpillar Inc
CAT
189.65
Deere & Company
DE
-22.61
Lindsay Corporation
LNN
130.13
Oshkosh Corporation
OSK
176.36
PACCAR Inc
PCAR
-61.95