IDACORP Inc (IDA)
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 | 210.13 | 40.41 | 29.79 | 30.99 | 33.95 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 210.13 | 40.41 | 29.79 | 30.99 | 33.95 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 210.13 + — – —
= 210.13
The cash conversion cycle of IDACORP Inc has shown some fluctuations over the years. It decreased from 33.95 days on December 31, 2020 to 30.99 days on December 31, 2021, indicating an improvement in the company's efficiency in managing its cash flow. Subsequently, there was a further reduction to 29.79 days on December 31, 2022, suggesting an even more efficient conversion of inventory and receivables into cash.
However, there was a notable increase in the cash conversion cycle to 40.41 days on December 31, 2023, which may indicate potential challenges in managing working capital during that period. The most significant change occurred on December 31, 2024, when the cash conversion cycle surged to an unusually high 210.13 days. This substantial increase could be a cause for concern as it may signal issues with inventory turnover, accounts receivable collection, or payment of accounts payable.
Overall, the trend in IDACORP Inc's cash conversion cycle shows a mix of improvements and challenges in managing working capital efficiency, with the significant spike in 2024 potentially requiring a closer investigation into the company's cash flow management practices.
Peer comparison
Dec 31, 2024