Now Inc (DNOW)
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 | 69.90 | 74.80 | 85.32 | 71.57 | 72.06 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 69.90 | 74.80 | 85.32 | 71.57 | 72.06 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 69.90 + — – —
= 69.90
The cash conversion cycle of Now Inc has fluctuated over the past five years. In December 2020, the company had a cash conversion cycle of 72.06 days, which decreased slightly to 71.57 days by December 2021. However, there was a notable increase in the cash conversion cycle to 85.32 days by December 2022. Subsequently, the cycle decreased to 74.80 days by December 2023 and further decreased to 69.90 days by December 2024. Overall, the company has shown variability in its cash conversion cycle performance, with improvements seen in recent years following a peak in 2022.
Peer comparison
Dec 31, 2024
Company name
Symbol
Cash conversion cycle
Now Inc
DNOW
69.90
Baker Hughes Co
BKR
142.62
Cactus Inc
WHD
119.38
Dril-Quip Inc
DRQ
396.95
NOV Inc.
NOV
102.80
Weatherford International PLC
WFRD
220.29