CEVA Inc (CEVA)

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 34.98
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 34.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00

CEVA Inc's cash conversion cycle has consistently been at a low level, hovering around 0.00 days for the majority of the periods reported. This indicates that the company efficiently converts its investments in raw materials and other inputs into cash from sales. However, in the period ending September 30, 2023, the cash conversion cycle increased significantly to 34.98 days before reverting to 0.00 days in subsequent periods. This abrupt change may point to potential issues in managing inventory, accounts receivable, or accounts payable during that specific quarter. Overall, CEVA Inc's ability to swiftly generate cash from its operational activities is a positive indicator of effective working capital management.