IDACORP Inc (IDA)
Cash conversion cycle
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 61.45 | 54.42 | 47.83 | 43.75 | 40.41 | 38.66 | 34.76 | 31.67 | 29.79 | 26.67 | 29.25 | 31.24 | 30.50 | 33.53 | 35.76 | 33.49 | 33.95 | 38.60 | 43.61 | 45.48 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 61.45 | 54.42 | 47.83 | 43.75 | 40.41 | 38.66 | 34.76 | 31.67 | 29.79 | 26.67 | 29.25 | 31.24 | 30.50 | 33.53 | 35.76 | 33.49 | 33.95 | 38.60 | 43.61 | 45.48 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 61.45 + — – —
= 61.45
The cash conversion cycle of IDACORP Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024.
The company's cash conversion cycle decreased initially from 45.48 days on March 31, 2020, to a low point of 26.67 days on September 30, 2022, indicating an improvement in the efficiency of its working capital management. A lower cash conversion cycle typically suggests that the company is able to efficiently convert its investments in inventory and accounts receivable into cash.
However, from September 30, 2022, the cash conversion cycle began to increase steadily, reaching a peak of 61.45 days on December 31, 2024. This upward trend could be a sign of potential inefficiencies in the company's operations or challenges in managing its working capital effectively.
Overall, the increasing trend in the cash conversion cycle after the improvement phase indicates a need for IDACORP Inc to focus on optimizing its working capital management processes to ensure a more efficient conversion of investments into cash in the future.
Peer comparison
Dec 31, 2024