GE Vernova LLC (GEV)
Cash conversion cycle
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 92.93 | 94.69 | — |
| Days of sales outstanding (DSO) | days | — | — | — |
| Number of days of payables | days | — | — | — |
| Cash conversion cycle | days | 92.93 | 94.69 | 0.00 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 92.93 + — – —
= 92.93
The cash conversion cycle of GE Vernova LLC has shown a decrease from 94.69 days in 2022 to 92.93 days in 2023. This indicates that the company is managing its cash conversion process more efficiently, as it takes fewer days to convert inventory into cash. However, it is worth noting that in 2021, the cash conversion cycle was reported as 0.00 days, which could be an anomaly or a result of different business circumstances in that year. Overall, the decreasing trend in the cash conversion cycle demonstrates improved working capital management by GE Vernova LLC, potentially leading to better liquidity and operational efficiency.
Peer comparison
Dec 31, 2023