Certara Inc (CERT)
Cash conversion cycle
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 35.36 | 8.12 | 8.41 | 8.54 | 36.52 | 35.34 | 29.31 | — | 3.45 | 6.02 | 2.56 | 6.91 | 7.53 | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 35.36 | 8.12 | 8.41 | 8.54 | 36.52 | 35.34 | 29.31 | 0.00 | 3.45 | 6.02 | 2.56 | 6.91 | 7.53 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Certara Inc's cash conversion cycle, a measure of how long it takes for the company to convert its investments in inventory and other resources into cash flows from sales, has shown fluctuations over the periods provided.
The cash conversion cycle was relatively stable at the beginning of the data series, with no days in March and June 2020, indicating efficient management of working capital. However, from September 2020 to December 2021, there was a gradual increase in the days it took for the company to convert its resources into cash, peaking at 36.52 days in September 2022.
In the subsequent periods, the cash conversion cycle fluctuated, showing improvements in efficiency in March and June 2023 but increased again in September 2023. The cycle decreased to 0 days in December 2023 and remained at 0 days until September 2024. This indicates a significant improvement in the company's ability to convert resources into cash efficiently within the last few periods of the data provided.
Overall, Certara Inc's cash conversion cycle has shown variability over the periods provided, with periods of efficiency and inefficiency. Monitoring and managing this cycle effectively can help the company optimize its working capital and improve cash flow management.
Peer comparison
Dec 31, 2024