Chemours Co (CC)
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 | 116.02 | 104.53 | 98.97 | 80.81 | 87.84 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 116.02 | 104.53 | 98.97 | 80.81 | 87.84 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 116.02 + — – —
= 116.02
The cash conversion cycle of Chemours Co has shown some fluctuations over the years. As of December 31, 2020, the company's cash conversion cycle was 87.84 days, indicating the average number of days a dollar is tied up in working capital before being converted into cash.
By December 31, 2021, the cash conversion cycle improved to 80.81 days, reflecting a more efficient use of working capital. However, the trend reversed in the following years, as the cycle increased to 98.97 days by December 31, 2022, and further to 104.53 days by December 31, 2023.
The most recent data available, as of December 31, 2024, shows a significant increase in the cash conversion cycle to 116.02 days, indicating a potential liquidity challenge or inefficiency in managing working capital.
Overall, the trend in Chemours Co's cash conversion cycle suggests a need for closer monitoring and potential improvements in working capital management practices to enhance cash flow efficiency and financial performance.
Peer comparison
Dec 31, 2024