Carnival Corporation (CCL)
Cash conversion cycle
| Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 9.84 | 11.83 | 13.46 | 13.29 | 27.91 |
| Days of sales outstanding (DSO) | days | 9.30 | 8.61 | 9.40 | 11.85 | 47.06 |
| Number of days of payables | days | 24.25 | 26.44 | 29.78 | 32.60 | 62.49 |
| Cash conversion cycle | days | -5.12 | -6.00 | -6.92 | -7.46 | 12.48 |
November 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 9.84 + 9.30 – 24.25
= -5.12
Peer comparison
Nov 30, 2025
Company name
Symbol
Cash conversion cycle
Carnival Corporation
CCL
-5.12
Royal Caribbean Cruises Ltd
RCL
0.00