Dana Inc (DAN)
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 | 60.02 | 63.36 | 62.52 | 70.41 | 64.67 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 60.02 | 63.36 | 62.52 | 70.41 | 64.67 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 60.02 + — – —
= 60.02
The cash conversion cycle for Dana Inc has shown fluctuations over the past five years. In December 2020, the cash conversion cycle was 64.67 days, slightly increasing to 70.41 days by December 2021. However, there was a notable improvement in efficiency by December 2022, with the cycle decreasing to 62.52 days. Subsequently, in December 2023 and December 2024, the cash conversion cycle remained relatively stable at 63.36 days and 60.02 days, respectively.
Overall, Dana Inc's cash conversion cycle indicates a moderate level of efficiency in managing its working capital and converting its inventories into cash. The company appeared to have made some improvements in this area by shortening the cycle duration over the years, potentially enhancing its cash flow management and liquidity position.
Peer comparison
Dec 31, 2024