Carnival Corporation (CCL)
Cash conversion cycle
| Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 10.92 | 11.00 | 12.04 | 11.83 | 11.63 | 12.34 | 13.17 | 13.46 | 12.28 | 11.57 | 12.54 | 13.29 | 15.46 | 19.03 | 23.27 | 27.91 | 33.38 | 32.55 | 21.66 | 14.83 |
| Days of sales outstanding (DSO) | days | 9.06 | 8.00 | 7.80 | 8.61 | 9.42 | 7.69 | 10.42 | 9.40 | 8.83 | 9.37 | 12.52 | 11.85 | 13.66 | 22.37 | 27.80 | 47.06 | 156.83 | 572.45 | 109.94 | 17.81 |
| Number of days of payables | days | 26.98 | 27.70 | 25.36 | 26.44 | 25.11 | 25.78 | 27.37 | 29.78 | 28.05 | 27.54 | 28.61 | 32.60 | 33.87 | 40.83 | 45.82 | 62.49 | 69.66 | 52.73 | 35.06 | 27.62 |
| Cash conversion cycle | days | -6.99 | -8.70 | -5.53 | -6.00 | -4.06 | -5.74 | -3.78 | -6.92 | -6.93 | -6.59 | -3.54 | -7.46 | -4.74 | 0.57 | 5.25 | 12.48 | 120.54 | 552.26 | 96.54 | 5.02 |
August 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 10.92 + 9.06 – 26.98
= -6.99