CONMED Corporation (CNMD)
Cash conversion cycle
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 215.56 | 226.86 | 224.30 | 220.48 | 218.87 | 206.40 | 206.87 | 204.38 | 219.16 | 225.59 | 240.95 | 255.78 | 235.05 | 231.70 | 208.25 | 191.03 | 188.84 | 175.54 | 182.53 | 176.86 |
| Days of sales outstanding (DSO) | days | 60.93 | 64.44 | 61.33 | 66.39 | 65.52 | 68.43 | 69.86 | 71.04 | 71.90 | 73.46 | 70.83 | 66.80 | 67.39 | 70.78 | 65.56 | 66.41 | 61.02 | 63.03 | 67.92 | 74.97 |
| Number of days of payables | days | 63.36 | 63.28 | 60.54 | 65.02 | 66.82 | 64.85 | 65.24 | 56.64 | 55.07 | 54.16 | 55.09 | 56.49 | 57.24 | 59.16 | 55.37 | 47.99 | 38.50 | 46.24 | 49.47 | 48.38 |
| Cash conversion cycle | days | 213.14 | 228.02 | 225.09 | 221.85 | 217.58 | 209.98 | 211.50 | 218.78 | 236.00 | 244.89 | 256.68 | 266.09 | 245.20 | 243.32 | 218.44 | 209.45 | 211.37 | 192.32 | 200.97 | 203.45 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 215.56 + 60.93 – 63.36
= 213.14
Peer comparison
Sep 30, 2025
Company name
Symbol
Cash conversion cycle
CONMED Corporation
CNMD
213.14
Abbott Laboratories
ABT
133.33
Stryker Corporation
SYK
270.35