International Business Machines (IBM)
Cash conversion cycle
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 16.28 | 17.30 | 15.38 | 20.35 | 23.27 |
| Days of sales outstanding (DSO) | days | 43.84 | 81.49 | 82.35 | 42.24 | 95.32 |
| Number of days of payables | days | — | 54.10 | 54.72 | 53.11 | 55.81 |
| Cash conversion cycle | days | 60.12 | 44.68 | 43.00 | 9.48 | 62.78 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 16.28 + 43.84 – —
= 60.12
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
International Business Machines
IBM
60.12
Accenture plc
ACN
57.76
Concentrix Corporation
CNXC
60.28
Penguin Solutions, Inc.
PENG
58.29