International Paper (IP)
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 | 41.86 | 47.70 | 61.69 | 66.52 | 48.68 | 46.48 | 43.93 | 44.27 | 45.78 | 47.71 | 46.55 | 46.60 | 46.81 | 52.94 | 52.39 | 49.74 | 53.74 | 54.17 | 46.77 | 45.72 |
| Days of sales outstanding (DSO) | days | 64.89 | 74.29 | 86.83 | 91.85 | 65.91 | 69.51 | 71.42 | 68.56 | 67.38 | 66.66 | 65.47 | 64.99 | 64.94 | 77.44 | 79.53 | 79.97 | 77.75 | 74.36 | 74.46 | 69.59 |
| Number of days of payables | days | 133.25 | 143.57 | 100.63 | 108.49 | 63.20 | 63.07 | 59.74 | 58.04 | 59.18 | 58.44 | 58.31 | 61.07 | 65.27 | 71.48 | 73.96 | 75.70 | 77.20 | 71.35 | 65.63 | 58.88 |
| Cash conversion cycle | days | -26.50 | -21.58 | 47.89 | 49.88 | 51.39 | 52.92 | 55.61 | 54.79 | 53.98 | 55.93 | 53.71 | 50.52 | 46.48 | 58.90 | 57.96 | 54.01 | 54.29 | 57.18 | 55.60 | 56.43 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 41.86 + 64.89 – 133.25
= -26.50
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
International Paper
IP
-26.50
Greif Bros Corporation
GEF
51.47
Packaging Corp of America
PKG
96.23
Reynolds Consumer Products Inc
REYN
65.91