CONMED Corporation (CNMD)
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 | 213.57 | 212.76 | 200.62 | 204.29 | 205.15 | 219.16 | 225.59 | 240.95 | 255.78 | 235.05 | 231.70 | 208.25 | 191.03 | 188.84 | 175.54 | 182.53 | 176.86 | 163.52 | 157.55 | 148.74 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 213.57 | 212.76 | 200.62 | 204.29 | 205.15 | 219.16 | 225.59 | 240.95 | 255.78 | 235.05 | 231.70 | 208.25 | 191.03 | 188.84 | 175.54 | 182.53 | 176.86 | 163.52 | 157.55 | 148.74 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 213.57 + — – —
= 213.57
The cash conversion cycle of CONMED Corporation has shown fluctuations over the past few years. The cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From March 31, 2020, to December 31, 2024, the cash conversion cycle for CONMED Corporation fluctuated between 148.74 days to 255.78 days. In general, a longer cash conversion cycle indicates that the company takes more time to collect cash from its sales and convert its inventory back into cash.
During the period, there were some significant increases and decreases in the cash conversion cycle, reflecting changes in the company's efficiency in managing its working capital. Notably, there was a peak in the cash conversion cycle around December 31, 2022, at 255.78 days, which may indicate possible challenges in managing inventory and accounts receivable during that period.
Overall, the trend in CONMED Corporation's cash conversion cycle shows variations, highlighting the importance of monitoring working capital management practices to ensure efficient cash flow and liquidity in the business operations.
Peer comparison
Dec 31, 2024