Dominion Energy Inc (D)
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 | 85.43 | 84.18 | 85.18 | 83.72 | 83.28 | 71.93 | 78.37 | 73.66 | 68.99 | 76.03 | 72.08 | 72.46 | 82.02 | 82.23 | 80.36 | 77.88 | 82.35 | 78.22 | 84.70 | 74.02 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 85.43 | 84.18 | 85.18 | 83.72 | 83.28 | 71.93 | 78.37 | 73.66 | 68.99 | 76.03 | 72.08 | 72.46 | 82.02 | 82.23 | 80.36 | 77.88 | 82.35 | 78.22 | 84.70 | 74.02 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 85.43 + — – —
= 85.43
The cash conversion cycle of Dominion Energy Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash conversion cycle represents the number of days it takes for a company to convert its investments in inventory into cash flows from sales.
The company's cash conversion cycle ranged from a low of 68.99 days on December 31, 2022, to a high of 85.43 days on December 31, 2024. A lower cash conversion cycle implies that the company is able to efficiently manage its working capital, indicating a shorter time to convert inventory into cash.
Overall, Dominion Energy Inc experienced some variability in its cash conversion cycle, which could be attributed to changes in its inventory management, sales collection practices, or payment to suppliers. Analyzing these fluctuations in the cash conversion cycle can provide insights into the company's operational efficiency and liquidity management.
Peer comparison
Dec 31, 2024