Corsair Gaming Inc (CRSR)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 79.72 | 79.18 | 73.72 | 65.08 | 65.22 | 78.21 | 87.83 | 83.64 | 78.32 | 86.30 | 69.14 | |||
| Days of sales outstanding (DSO) | days | 63.32 | 63.58 | 57.83 | 59.82 | 62.55 | 38.37 | 39.69 | 49.17 | 55.84 | 47.25 | 46.86 | |||
| Number of days of payables | days | 79.65 | 72.42 | 68.08 | 64.93 | 58.22 | 50.76 | 58.09 | 56.64 | 61.99 | 64.35 | 66.17 | |||
| Cash conversion cycle | days | 63.39 | 70.34 | 63.47 | 59.98 | 69.55 | 65.82 | 69.42 | 76.17 | 72.17 | 69.20 | 49.83 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 79.72 + 63.32 – 79.65
= 63.39
The cash conversion cycle of Corsair Gaming Inc has fluctuated over the past eight quarters. The company's cash conversion cycle measures how long it takes for the company to convert its investments in inventory and other resources into cash receipts from sales.
On average, Corsair Gaming Inc took around 65 days to convert its investments into cash throughout the quarters provided. The company experienced its shortest cash conversion cycle in Q1 2023 at 59.98 days, indicating efficient management in converting its resources into cash. Conversely, the longest cash conversion cycle was observed in Q1 2022 at 76.17 days, suggesting potential delays or inefficiencies in the company's cash conversion process.
Overall, Corsair Gaming Inc should aim to optimize its cash conversion cycle by efficiently managing its inventory levels, streamlining its accounts receivable collection process, and extending its accounts payable payment terms. By doing so, the company can improve its cash flow management and enhance its overall financial performance.
Peer comparison
Dec 31, 2023