Enovis Corp (ENOV)
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 | 215.46 | 238.86 | 224.48 | 126.46 | 115.65 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 215.46 | 238.86 | 224.48 | 126.46 | 115.65 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 215.46 + — – —
= 215.46
The cash conversion cycle of Enovis Corp has shown a fluctuating trend over the past five years. Starting at 115.65 days on December 31, 2020, it increased to 126.46 days by December 31, 2021. The cycle then saw a significant spike to 224.48 days by December 31, 2022, followed by a further increase to 238.86 days by December 31, 2023. However, there was a slight decrease to 215.46 days by December 31, 2024.
This pattern indicates that Enovis Corp may be facing challenges in efficiently managing its cash conversion cycle, leading to longer periods between spending cash on production inputs and receiving cash from sales. The company should closely monitor its inventory turnover, accounts receivable collection, and accounts payable payment processes to optimize its cash flow and working capital management.
Peer comparison
Dec 31, 2024