HCA Holdings Inc (HCA)
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 | 13.63 | 13.10 | 12.52 | 11.69 | 10.56 | 10.97 | 11.30 | 12.19 | 13.33 | 13.74 | 14.22 | 14.75 | 14.75 | 14.44 | 14.69 | 14.57 | 14.77 | 15.28 | 15.87 | 16.93 |
| Days of sales outstanding (DSO) | days | 52.47 | 51.18 | 52.51 | 56.54 | 55.58 | 51.98 | 54.68 | 54.95 | 55.95 | 53.06 | 51.36 | 51.90 | 53.88 | 52.20 | 52.40 | 52.07 | 50.29 | 53.09 | 49.76 | 51.47 |
| Number of days of payables | days | 38.45 | 34.38 | 29.68 | 29.23 | 25.99 | 26.15 | 25.28 | 30.34 | 27.92 | 28.02 | 26.51 | 26.66 | 30.23 | 29.91 | 26.91 | 29.17 | 30.58 | 28.44 | 27.65 | 28.86 |
| Cash conversion cycle | days | 27.65 | 29.90 | 35.34 | 38.99 | 40.15 | 36.80 | 40.69 | 36.80 | 41.36 | 38.79 | 39.06 | 39.99 | 38.39 | 36.73 | 40.18 | 37.47 | 34.49 | 39.92 | 37.98 | 39.55 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 13.63 + 52.47 – 38.45
= 27.65
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
HCA Holdings Inc
HCA
27.65
Concentra Group Holdings Parent, Inc.
CON
40.74