Dynatrace Holdings LLC (DT)

Cash conversion cycle

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Days of inventory on hand (DOH)	days	—	35.11	32.28	34.56	22.79
Days of sales outstanding (DSO)	days	152.34	140.98	153.29	146.51	135.67
Number of days of payables	days	7.70	9.28	11.71	6.79	6.58
Cash conversion cycle	days	144.64	166.80	173.86	174.28	151.89

March 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 152.34 – 7.70
= 144.64

The cash conversion cycle of Dynatrace Holdings LLC has shown fluctuations over the past five years. In the most recent fiscal year as of March 31, 2024, the company's cash conversion cycle improved to 144.64 days compared to 166.80 days in the previous year. This indicates that the company was able to convert its investments in inventory and receivables into cash more efficiently.

In the fiscal year ending March 31, 2022, the cash conversion cycle was 173.86 days, showing a slight increase from the prior year. However, in the fiscal year ending March 31, 2021, the cash conversion cycle decreased marginally to 174.28 days compared to the prior year, indicating a temporary improvement in cash conversion efficiency.

The fiscal year ending March 31, 2020, saw a cash conversion cycle of 151.89 days, which was more favorable compared to the two preceding years but still higher than the most recent data. Overall, the trend in Dynatrace Holdings LLC's cash conversion cycle suggests some variability in the company's ability to manage its working capital efficiently over the past five years.