The Hain Celestial Group Inc (HAIN)

Cash conversion cycle

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Days of inventory on hand (DOH)	days	54.82	59.33	63.27	56.49	46.43
Days of sales outstanding (DSO)	days	38.97	33.47	32.78	32.12	30.38
Number of days of payables	days	37.64	25.77	35.90	34.03	32.00
Cash conversion cycle	days	56.15	67.03	60.15	54.58	44.82

June 30, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 54.82 + 38.97 – 37.64
= 56.15

The cash conversion cycle of The Hain Celestial Group Inc has fluctuated over the past five years. In Jun 30, 2024, the cash conversion cycle was 56.15 days, showing an improvement compared to the previous year where it was 67.03 days. This indicates that the company was able to manage its cash flow more efficiently in the most recent period.

However, when comparing the current cycle to Jun 30, 2020, when it was 44.82 days, it appears that the company's efficiency in managing its cash conversion has declined over the past five years. Overall, The Hain Celestial Group Inc seems to have some room for improvement in terms of optimizing its cash conversion cycle to enhance its working capital management.