Fastenal Company (FAST)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 141.49 | 143.34 | 147.53 | 145.95 | 144.89 | 138.94 | 135.81 | 135.97 | 139.22 | 139.52 | 145.10 | 156.07 | 165.59 | 167.50 | 172.93 | 173.34 | 171.98 | 162.15 | 156.73 | 152.56 |
| Days of sales outstanding (DSO) | days | 55.43 | 61.49 | 62.17 | 61.33 | 53.62 | 58.58 | 59.30 | 59.98 | 54.03 | 58.68 | 59.06 | 58.81 | 52.98 | 59.46 | 61.34 | 62.11 | 54.66 | 59.37 | 58.24 | 54.52 |
| Number of days of payables | days | 25.64 | 28.69 | 27.29 | 29.74 | 25.34 | 26.88 | 26.41 | 25.08 | 24.15 | 25.36 | 24.29 | 25.21 | 24.72 | 27.67 | 30.30 | 31.39 | 26.31 | 29.73 | 27.87 | 25.14 |
| Cash conversion cycle | days | 171.28 | 176.15 | 182.41 | 177.54 | 173.17 | 170.64 | 168.70 | 170.87 | 169.11 | 172.85 | 179.88 | 189.68 | 193.84 | 199.30 | 203.96 | 204.05 | 200.33 | 191.79 | 187.10 | 181.94 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 141.49 + 55.43 – 25.64
= 171.28
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Fastenal Company
FAST
171.28
MSC Industrial Direct Company Inc
MSM
109.46