Corsair Gaming Inc (CRSR)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 95.97 | 79.72 | 65.22 | 78.32 | 66.69 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 95.97 | 79.72 | 65.22 | 78.32 | 66.69 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 95.97 + — – —
= 95.97
The cash conversion cycle of Corsair Gaming Inc has shown some fluctuations over the past five years.
As of December 31, 2020, the cash conversion cycle stood at 66.69 days. This figure increased to 78.32 days by the end of 2021, indicating a prolonged period for the company to convert its investments in inventory back to cash.
However, by December 31, 2022, the cash conversion cycle improved to 65.22 days, suggesting more efficient management of inventory and accounts receivable.
In the following year, by December 31, 2023, the cash conversion cycle extended to 79.72 days, implying a potential delay in collecting cash from sales or managing inventory levels.
By the end of 2024, the cycle further extended to 95.97 days, indicating that Corsair Gaming Inc may be facing challenges in efficiently converting its resources into cash within the typical operating cycle.
Overall, it is important for Corsair Gaming Inc to closely monitor its cash conversion cycle and strive for efficiency in managing working capital to ensure smooth operations and financial health in the long run.
Peer comparison
Dec 31, 2024