DR Horton Inc (DHI)
Cash conversion cycle
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 353.17 | 375.17 | 367.41 | 349.35 | 333.37 | 338.95 | 331.91 | 330.78 | 312.76 | 333.03 | 344.32 | 350.69 | 344.03 | 361.35 | 340.87 | 324.53 | 302.27 | 308.41 | 296.48 | 298.13 |
| Days of sales outstanding (DSO) | days | — | 4.42 | 4.92 | 3.76 | 4.18 | 4.22 | 4.21 | 4.00 | 4.39 | 4.23 | 3.90 | 4.27 | 4.61 | 4.16 | 3.94 | 4.07 | 4.23 | 4.27 | 4.65 | 4.55 |
| Number of days of payables | days | 17.07 | 19.50 | 19.06 | 18.39 | 18.01 | 18.75 | 18.53 | 17.33 | 17.42 | 19.84 | 19.09 | 18.83 | 21.61 | 25.10 | 23.68 | 20.52 | 21.59 | 24.09 | 23.29 | 18.57 |
| Cash conversion cycle | days | 336.11 | 360.09 | 353.27 | 334.72 | 319.54 | 324.42 | 317.59 | 317.44 | 299.74 | 317.42 | 329.13 | 336.13 | 327.03 | 340.41 | 321.13 | 308.08 | 284.91 | 288.59 | 277.84 | 284.11 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 353.17 + — – 17.07
= 336.11