ICU Medical Inc (ICUI)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 137.04 | 170.42 | 160.56 | 128.44 | 142.00 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 137.04 | 170.42 | 160.56 | 128.44 | 142.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 137.04 + — – —
= 137.04
The cash conversion cycle of ICU Medical Inc has shown some fluctuations over the years. In 2020, the cycle was 142.00 days, which decreased to 128.44 days by the end of 2021. However, there was an increase in the cycle in 2022 to 160.56 days and further to 170.42 days by 2023. The cycle then decreased to 137.04 days by the end of 2024.
Overall, the trend indicates that ICU Medical Inc has been able to effectively manage its cash conversion cycle in recent years, with some fluctuations observed. It is important for the company to closely monitor and optimize its working capital management to sustain a healthy cash conversion cycle and ensure efficient use of its resources.
Peer comparison
Dec 31, 2024