Crane NXT Co (CXT)
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 | 64.32 | 77.78 | 78.88 | 77.31 | 82.84 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 64.32 | 77.78 | 78.88 | 77.31 | 82.84 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 64.32 + — – —
= 64.32
The cash conversion cycle of Crane NXT Co has been showing a declining trend over the years, decreasing from 82.84 days as of December 31, 2020, to 64.32 days as of December 31, 2024. This indicates that the company has been able to optimize its cash management processes, allowing it to convert its investments in inventory and accounts receivable back into cash more efficiently. A lower cash conversion cycle suggests improved liquidity and operational efficiency, enabling the company to operate with a shorter cash conversion timeline. This downward trend is a positive sign for Crane NXT Co's financial health and indicates effective working capital management.
Peer comparison
Dec 31, 2024