Concentra Group Holdings Parent, Inc. (CON)
Cash conversion cycle
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — |
| Days of sales outstanding (DSO) | days | 41.82 | 45.18 | 45.09 | — |
| Number of days of payables | days | 4.63 | — | — | — |
| Cash conversion cycle | days | 37.20 | 45.18 | 45.09 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 41.82 – 4.63
= 37.20
The cash conversion cycle of Concentra Group Holdings Parent, Inc. fluctuated over the course of the year 2024. As of March 31, 2024, the company achieved a remarkably efficient cash conversion cycle of 0.00 days, indicating that it was able to swiftly convert its investments in raw materials to cash from sales. However, this efficiency was not sustained, as the cycle increased to 45.09 days by June 30, 2024, and slightly to 45.18 days by September 30, 2024.
The trend reversed in the final quarter of 2024, with a notable improvement in the cash conversion cycle to 37.20 days as of December 31, 2024. This turnaround suggests that Concentra Group Holdings Parent, Inc. may have implemented more effective strategies to manage its working capital and streamline its operations. Overall, analyzing the cash conversion cycle provides insights into the company's ability to efficiently manage cash flow, inventory, and receivables, which are crucial aspects of its financial health and operational efficiency.
Peer comparison
Dec 31, 2024