eBay Inc (EBAY)
Cash conversion cycle
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 23.55 | — | — | — | — | — | — | — | — | — | — | — | 212.40 | 206.61 | 190.56 | 202.72 | 198.99 | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 23.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 212.40 | 206.61 | 190.56 | 202.72 | 198.99 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle (CCC) measures the time it takes for a company to convert its investments in inventory and other resources into cash flow from sales. For eBay Inc, the CCC has shown fluctuations over the periods analyzed:
- In September 2020, the CCC was 198.99 days, indicating that it took eBay nearly 199 days to convert its investments into cash.
- The CCC increased to 202.72 days by December 2020, suggesting a potential delay in converting investments into cash flow.
- By March 2021, the CCC decreased to 190.56 days, showing some improvement in efficiency in managing the conversion cycle.
- However, in June 2021, the CCC rose to 206.61 days, indicating a longer period required to convert investments into cash flow.
- The trend continued to September 2021 and December 2021, with CCC values of 212.40 days and 0.00 days respectively, reflecting fluctuations in the efficiency of the cash conversion cycle.
- From March 2022 onwards, the CCC remained consistently at 0.00 days, suggesting a significant improvement in eBay's ability to convert investments into cash efficiently.
- Notably, in September 2024, the CCC increased to 23.55 days, indicating a slight delay in the conversion process compared to the previous quarters.
Overall, eBay Inc has demonstrated variability in its cash conversion cycle, with periods of efficiency and inefficiency in converting investments into cash flow. Monitoring and managing the CCC effectively is crucial to optimizing working capital and operational performance.
Peer comparison
Dec 31, 2024