Duke Energy Corporation (DUK)

Cash conversion cycle

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	439.93	205.65	204.89	387.03	344.21	162.80	147.79	145.81	307.68	75.65	80.24	83.06	172.34	135.83	140.70	142.77	275.53	239.00	246.35	238.46
Days of sales outstanding (DSO)	days	60.15	25.40	29.90	29.17	63.26	30.46	30.84	32.17	54.41	29.70	28.92	43.15	52.71	52.44	48.52	42.33	46.76	51.85	49.03	45.64
Number of days of payables	days	216.68	176.73	161.16	160.92	228.29	194.92	182.94	145.99	169.80	75.34	72.29	67.43	85.54	105.86	102.59	101.54	148.63	226.62	194.05	195.11
Cash conversion cycle	days	283.39	54.31	73.62	255.28	179.18	-1.66	-4.31	31.99	192.28	30.02	36.87	58.79	139.50	82.42	86.63	83.56	173.66	64.23	101.32	88.99

December 31, 2023 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 439.93 + 60.15 – 216.68
= 283.39

The cash conversion cycle for Duke Energy Corp. has fluctuated over the past eight quarters. In Q4 2023, the company's cash conversion cycle was 54.30 days, showing an improvement from the previous quarter. However, compared to Q1 and Q2 2023, the cycle was lower, indicating a more efficient management of cash flows. In Q4 2022, Duke Energy Corp. had a significantly lower cash conversion cycle of 13.56 days, suggesting a quicker conversion of inventory and receivables into cash. Overall, the company's cash conversion cycle has shown variability over time, underscoring the need for consistent monitoring and optimization of working capital management.