Fortrea Holdings Inc. (FTRE)
Cash conversion cycle
| Dec 31, 2023 | ||
|---|---|---|
| Days of inventory on hand (DOH) | days | 4.28 |
| Days of sales outstanding (DSO) | days | 56.48 |
| Number of days of payables | days | 16.09 |
| Cash conversion cycle | days | 44.67 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 4.28 + 56.48 – 16.09
= 44.67
Peer comparison
Dec 31, 2023
Company name
Symbol
Cash conversion cycle
Fortrea Holdings Inc.
FTRE
44.67
Fulgent Genetics Inc
FLGT
47.36
Laboratory Corporation of America Holdings
LH
42.55
Quest Diagnostics Incorporated
DGX
37.46
RadNet Inc
RDNT
-324.98