Corsair Gaming Inc (CRSR)
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 | 95.97 | 107.16 | 93.44 | 84.95 | 79.72 | 79.18 | 73.72 | 65.08 | 65.22 | 78.21 | 87.83 | 83.64 | 78.32 | 86.30 | 69.14 | 62.23 | 66.69 | 70.34 | 53.48 | 60.76 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 95.97 | 107.16 | 93.44 | 84.95 | 79.72 | 79.18 | 73.72 | 65.08 | 65.22 | 78.21 | 87.83 | 83.64 | 78.32 | 86.30 | 69.14 | 62.23 | 66.69 | 70.34 | 53.48 | 60.76 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 95.97 + — – —
= 95.97
The cash conversion cycle is an important metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. For Corsair Gaming Inc, the cash conversion cycle has shown some fluctuations over the past few years.
From the data provided, we can observe that Corsair Gaming Inc's cash conversion cycle ranged from 53.48 days to 107.16 days between June 30, 2020, and September 30, 2024. The company experienced a peak in its cash conversion cycle on September 30, 2024, at 107.16 days, indicating that it took Corsair Gaming Inc over three months to complete a full cash cycle during that period.
On average, Corsair Gaming Inc had a cash conversion cycle of approximately 75 days over the analyzed period. A longer cash conversion cycle typically indicates that the company takes more time to sell its inventory and collect cash from customers, which may lead to liquidity challenges and inefficiencies in working capital management.
It is important for Corsair Gaming Inc to monitor and manage its cash conversion cycle effectively to ensure optimal operational efficiency and cash flow management. By streamlining processes related to inventory management, accounts receivable, and accounts payable, the company can potentially shorten its cash conversion cycle, improve liquidity, and enhance financial performance in the long term.
Peer comparison
Dec 31, 2024