National Beverage Corp (FIZZ)

Cash conversion cycle

Apr 30, 2025 Apr 30, 2024 Apr 27, 2024 Apr 30, 2023 Apr 29, 2023
Days of inventory on hand (DOH) days 41.01 40.46 40.46 44.01 44.01
Days of sales outstanding (DSO) days 31.65 31.50 31.50 32.65 32.65
Number of days of payables days 39.73 37.44 37.44 40.02 40.02
Cash conversion cycle days 32.93 34.52 34.52 36.63 36.63

April 30, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 41.01 + 31.65 – 39.73
= 32.93

The analysis of National Beverage Corp's cash conversion cycle (CCC) over the specified periods indicates a progressive improvement in the company's operational efficiency concerning working capital management. As of April 29 and April 30, 2023, the CCC was recorded at 36.63 days, reflecting the duration it takes the company to convert its investments in inventory and accounts receivable into cash, net of its accounts payable period.

By April 27 and April 30, 2024, this metric decreased to 34.52 days, representing a reduction of approximately 2.11 days from the previous year. This decline suggests that National Beverage Corp has been able to expedite its cash collection and inventory turnover processes or optimize its payment cycle, thereby shortening the period between outlay and inflow of cash.

The trend continued into April 30, 2025, with the CCC further decreasing to 32.93 days. This consistent year-over-year decrease of about 1.59 days demonstrates ongoing efforts to enhance cash flow efficiency. A shorter cash conversion cycle generally indicates improved liquidity and operational performance, as the company requires less time to convert resources into cash.

Overall, these changes reflect a positive trajectory in the company's liquidity management practices, likely resulting in improved working capital management and enhanced ability to fund operations and strategic initiatives without the need for external financing.


Peer comparison

Apr 30, 2025

Company name
Symbol
Cash conversion cycle
National Beverage Corp
FIZZ
32.93
Celsius Holdings Inc
CELH
98.16
Coca-Cola Consolidated Inc.
COKE
29.08
Monster Beverage Corp
MNST
78.12